Regulatory Compliance Liaison
Responsibilities
- Apply a working knowledge of the US regulatory compliance requirements in a financial services organization.
- Apply Self Regulatory Organization (SRO) oversight for SEF members.
- Recognize compliance and operational risks in the compliance system and business processes.
- Develop and implement preventative compliance controls as part of the policies, processes, procedures and self-assessments.
- Conduct compliance reviews of business units to identify potential breaches of compliance requirements and propose remedial actions.
- Identify gaps in the compliance program and participate in developing and implementing changes to policies, processes and procedures
- Provide both day-to-day guidance and strategic planning assistance to the business units on regulatory compliance controls.
- Assist business units in the design and implementation of policies, processes and procedures.
- Participate in developing and implementing detective controls using management information systems to identify transactional anomalies, exceptions and trends.
- Respond to complex compliance questions requests from the internal business units and SRO members.
- Provide training to business units as well as oversight, direction, guidance and training.
- Identify, diagnose and resolve complex problems.
- Prepare responses to regulatory inquiries, examinations and investigations.
- Work with management to foster a compliance culture across the organization.
- Actively participate on project teams as necessary.
Principal Duties:
- Interpret laws and regulations with guidance from the Chief Regulatory Officer (CRO).
- Develop controls through written policies, processes and procedures to ensure regulatory compliance.
- Participate on project teams to drive Compliance requirements and deliverables.
- Work with Product Development and Technology teams to develop and implement monitoring tools.
- Perform testing of trading processes and outputs for compliance with applicable laws and regulations.
- Develop analytics to detect potential compliance breaches.
- Advise compliance management of issues, recommend corrective actions and work with business units to implement changes.
- Provide regulatory support on existing trading practices and new initiatives.
- Respond to complex compliance questions requests from the business units as well as SRO members
- Identify, diagnose and resolve complex problems affecting compliance requirements.
- Act as a liaison with regulatory service provider.
Required Skills:
- Superior knowledge of US regulatory requirements and the proven ability to apply that knowledge in financial services.
- Working knowledge of equity, options and/or futures exchange trading procedures and operations.
- Strong analytical skills with the ability to make logical and reasoned decisions.
- Superior organizational skills with the ability to manage large document productions and handle ambiguous problems, establish priorities and effectively work across multiple areas.
- Strong interpersonal communication skills.
- Ability to work effectively on teams and as an independent contributor with limited direction and oversight.
- Ability to independently perform compliance related research.
- Proficient in translating complex data and analyses into actionable findings, strategies and tactics.
- Superior knowledge of Microsoft applications (including Word, Excel and PowerPoint).
- Technical knowledge of electronic trading platforms a plus.
- Experience providing compliance services to a trading desk or working on an exchange surveillance team a plus.
Education/Experience:
- Bachelor’s degree in finance, commerce, law or related field or equivalent with 2 to 4 years of experience. Prefer experience in related field or an acceptable equivalent combination of education, related training, and experience.
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