Head of Compliance, Regulations & Risk required by Proprietary Trading client based in Chicago
The successful candidate will need to ensure the firm's compliance with all SEC, FINRA, CFTC and other rules and regulations by providing necessary advice, training and risk assessment pertaining to all of the firm’s proprietary trading activities.
The position is responsible for implementing a wide range of policies procedures regarding regulatory and compliance business activities. This position will work closely with CEO and the Senior Management.
The ideal candidate will have experience in the following areas:
• A background in electronic trading for domestic and international institutional accounts, prime brokerage business and knowledge in Futures, Fixed Income and Equities. Must have experience working in proprietary or market making trading environment.
• Extensive knowledge of securities rules and regulations covering operating procedures.
• Working knowledge of securities registration and membership requirements for FTCM member firms.
• Developing and maintaining all relevant Policies and Procedures based upon regulatory requirements, industry practices and established internal controls.
• Managing and/or performing all daily, weekly, monthly and quarterly compliance reviews
• Developing and implementing necessary risk assessment reviews including internal audits and automated surveillance/monitoring programs to review the firm's activities in order to remain in compliance with all aspects of industry standards.
• Providing advice and training to firm’s management and employees regarding applicable securities rules, regulations and firm policies.
• Demonstrating excellent communication skills, both oral and written. Must have the ability and experience to draft clear and professional correspondence, policies and procedures and other documents of both legal and business nature. Must be able to correspond with all regulators and auditors.
• Working as liaison to firm’s management to ensure appropriate support if needed for any and all litigation, arbitration, reparation proceedings and all other regulatory, criminal and civil matters.
• Demonstrating ability to effectively analyze situations, absorb large amounts of information and apply past experience and judgment to resolve issues in a timely manner.
• Reviewing documentation and provide Compliance approval.
• Overseeing electronic trade reporting for futures, fixed-income and equity securities.
Requirements:
• The successful candidate should hold a law degree and be a member of the bar
• Ability to communicate effectively with a variety of contacts, including outside attorneys, senior management, and business associates.
• Current Series 7 24 qualifications required
• Obtain Series 4, 53 55, 56 desired within the first 12 months of employment
• Minimum of 10 years’ experience in securities compliance and/or legal experience in securities compliance, emphasis on sales and sales trading, institutional, retail, fixed-income, options and hedge fund activities.
• Fluent with all current FINRA CFTC concerns and issues
• Working knowledge of SEC, FINRA and State Securities rules and regulations
Details
Salary: $150,000 to £300,000 + bonus benefits
Location: Chicago
For further information please contact Ryan Edwards-Pritchard on +44 (0)207 332 0300 OR forward an up to date CV to ryan.priitchard@dbfs.co.uk.
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