Regulatory Compliance Manager recruitment
Regulatory Compliance Manager – NYC or DC
Our Company
FXall (www.fxall.com) is the leading multibank foreign exchange trading platform serving over 1000 institutional clients globally, including active traders, asset managers, corporations and broker-dealers, across the foreign exchange markets. FXall’s electronic platform provides competitive prices for FX trade execution with streamlined workflow, straight through processing and a complete audit trail. FXall is a public company with offices in New York, London, Boston, Washington DC, Tokyo, Hong Kong, Singapore and Sydney.
We offer a comprehensive range of foreign currency electronic trading and workflow solutions to our clients including:
- A network of 60+ banks that provide broad market access across currencies, products and time zones.
- Automated prices in exotic currencies with the flexibility to direct large transactions to a particular provider or prime broker, and the ability to roll trades forward.
- Advanced portfolio trading tools that streamline foreign exchange workflow and reduce the effort required to execute an entire portfolio of trades across multiple allocations, currencies and forward dates. Full coverage of the post trade workflow, including trade matching and give-ups on all FX transactions to a client’s prime brokers.
- An anonymous ECN to provide firm liquidity for all professional market participants. The high-speed matching engine has been architected for minimal latency, with orders acknowledged within 1 millisecond and filled within 10 milliseconds. Orders are processed according to transparent business rules, ensuring equal access for all participants.
- A trading platform in conformance with Dodd Frank regulations including a Swap Execution Facility (SEF) pursuant to CFTC regulations
Responsibilities
- The Regulatory Compliance Manager is responsible for the developing, implementing and monitoring a Self Regulatory Organization (SRO) compliance program for a Swap Execution Facility (SEF). This position also identifies, controls and monitors our compliance obligations regarding FXall’s internal business units.
- Apply a working knowledge of the US regulatory compliance requirements in a financial services organization.
- Apply SRO oversight for SEF members.
- Recognize compliance and operational risks in the compliance system and business processes.
- Develop written procedures and implement preventative compliance controls in compliance with CFTC rules and regulations.
- Provide compliance oversight for SEF trading operations unit.
- 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 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.
• Provide oversight and communicate directly with regulatory service provider.
• Provide training to business units as well as oversight, direction, guidance and training.
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 compliance procedures and operations.
• Experience providing compliance services to a trading desk or working on an exchange surveillance team.
• Strong analytical skills with the ability to make logical and reasoned decisions.
• Solid organizational skills with the ability to manage through 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.
• Proven ability to train and supervise staff members.
• Superior knowledge of Microsoft applications (including Word, Excel and PowerPoint).
• Technical knowledge of electronic trading platforms a plus.
Education/Experience:
Bachelor’s degree in finance, commerce, law or related field or equivalent with 7 to 10 years of experience. Prefer experience in related field or an acceptable equivalent combination of education, related training, and experience.