The Vice President, Compliance Officer is responsible for acting in an advisory capacity to the Advanced Clearing and Prime Services (ACaPS) Division and Fixed Income, Commodities, Currencies and Stock Lending Division (FICCS) as well as the Operations Department. Activities in these departments include correspondent clearing services, prime brokerage services, fixed income trading, stock lending, and transaction reporting. This role will be responsible for creating and updating the policies for these divisions and conducting supervisory controls testing. This role reports directly to the Chief Compliance Officer (CCO).
Responsibilities Include, But Are Not Limited To
Assist with the design, and execute regulatory compliance testing of the ACaPS, FICCS businesses and Operations Department; test compliance with policies and standards and identify key risk control gaps and deficiencies.
Work with the line of business supervision team to ensure all applicable rules and the products supported, are identified so that testing priorities can be evaluated and established while maintaining accuracy.
Work closely with other compliance colleagues to ensure consistency among execution of testing and interpretation of rules.
Assist in the monitoring of the compliance with SEC, FINRA and other applicable regulations, keep up-to-date on changes in federal and state compliance laws and regulations impacting the group of assigned compliance focus area(s).
Advise line of business supervision staff the on emerging compliance issues and assist in developing policies and procedures and risk management analyses.
Conduct branch office audits for ACaPS and FICCS locations and assist in the Firms 3120 testing processes.
Assist the CCO in Annual Market Access Testing for FICCS activities.
Draft and update ACapS, FICCS, Operations Department Policies and Written Supervisory Procedures.
Work with the CCO in obtaining information and documentation for ACaPS and FICCS inquiries and examinations.
Assist with programs for educating and training personnel on compliance and regulatory topic
Perform other duties as required and assigned.
Required Experience
Bachelor's Degree from an accredited university
Extensive knowledge of correspondent clearing and prime services activities.
Working knowledge of institutional fixed income trading.
Series 7 and 24
Understanding of FINRA, SEC and other regulatory requirements around activities includes, Reg SHO, Reg NMS, Rule 605, Rule 606, SEC Rule 15c3-5, TRACE trade reporting, CAT reporting and clearing of securities transactions.
Highly organized with the ability to multi-task and manage multiple projects and competing priorities without sacrificing accuracy or efficiency
Excellent communication and presentation skills with the ability to communicate effectively across various departments and levels of the organization
Strong analytical, problem-solving and critical-thinking skills
Extremely detail-oriented
Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint).