Senior Compliance Associate (Monitoring & Examinations)
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Purpose of Role
The Senior Compliance Associate - Monitoring is responsible for conducting reviews of activities within Compliance, as well as of Operations, Dealing, Sales, Guaranteed Introducing Brokers, and Branch offices. The Senior Compliance Associate - Monitoring will work closely with Compliance Management and provide regular reports of monitoring that has been conducted and flag any high risk areas that should be addressed. The role will require working on initiatives to further develop internal monitoring programs and the ability to work on projects with other team members and departments.
Principal Duties Responsibilities
- Execute continuous monitoring programs to ascertain the strength of the firm's internal controls and ensure adherence to applicable laws and regulations
- Document the results of the monitoring program and report the findings to management
- Follow up with relevant business units to ensure that corrective action is taken when necessary
- Confer with company management on policies, programs, and activities of the monitoring function; make recommendations regarding specific areas of responsibility
- Assist in conducting an annual risk assessment of the Compliance Department
- Conduct reviews of financial promotions produced by the firm including but not limited to website updates, email campaigns, and print advertisements
- Communicate with Marketing Department to obtain a thorough understanding of updates to the firm's promotional material and assess the potential impact on Compliance
- Liaise with internal and external auditors to ensure that Compliance is informed of external audit results
- Act as liaison between external auditors and internal departments during external audits
- Provide advice, analysis, and/or resolution on compliance-related concerns and queries to various departments
- Perform special projects as needed
Critical Knowledge, Skills Experience:
- 2-4 years Compliance or relevant department experience at a
- Retail Foreign Exchange Dealer or Broker Dealer
- Working knowledge of regulatory requirements with respect to but not limited to Anti-Money Laundering, NFA/CFTC regulations
- Self-starter and able to work with other departments and build smooth working relationships
- Team player and able to prioritize in a fast moving, constantly changing environment
- Strong research skills; analytical and problem solving skills; and attention to detail
- Excellent organizational skills and ability to manage multiple tasks
- Strong knowledge of regulations and Compliance requirements
- Self-motivated and ability to effectively multi-task
- Effective decision-making abilities
- Ability to identify, develop and recommend "best practices"
- Ability to manage in a dynamic, fast-paced environment
- Excellent verbal and written communication skills
- Ability to develop and maintain positive and effective partnerships with colleagues and internal customers
- Exceptional project management skills
Interfacing with:
- Compliance Management
- Internal/External Audit
- Regulatory Bodies
- Marketing, Sales and Systems Trading teams
- Product launch teams and other business units
- Senior Managers and Executives
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