Operations Compliance Official (OTC Derivatives)
Position Description
Compliance official covering OTC Derivatives regulatory reporting and post-trade processing.
Cover OTC Derivatives businesses, including Fixed Income Derivatives Operations, FX Operations, Equity Derivatives Operations and Commodity Operations, with a concentrated focus on real-time reporting.
Perform monthly reviews of the DTCC reporting for all OTC Derivatives types across different asset classes.
•Real time price analysis of trades and post trade events
•New trade real-time message timeliness
•Post trade events real-time message timeliness
Monitor weekly performance to confirm compliance with CFTC Rule 1.74.
•Review weekly reports to verify the Firm is accepting or rejecting trades for clearing and submitting trades within the mandatory time frames.
Monitor and advise on post trade processing.
Monitor and advise on customer asset protection issues.
Advise/train operations staff on regulatory issues.
Advise IT in the development of trade reporting system enhancements to address regulatory requirements.
Assist in the design and maintenance of written supervisory procedures.
Actively monitor regulatory developments and trends, and take appropriate action to ensure the Firm complies with new or amended regulations.
Skills Required
Bachelor degree with a minimum 3 - 5 years experience either working for a regulatory or self-regulatory organization or performing similar broker/dealer regulatory work with an emphasis on real time trade reporting.
FINRA Series 7 and Series 3 licenses preferred.
Strong computer skills, including the ability to understand complex trading technologies in order to analyze and extract trading data to respond to regulatory inquiries involving CFTC and DTCC rules.
Excellent interpersonal skills, confidence, credibility, and the ability to effectively work within the organization and communicate and interact with junior and senior business and operations personnel.
Ability to work independently in responding to complex regulatory inquiries.
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