Compliance Officer

Job Description:

Job Title Compliance Officer – Investment Bank Compliance – Fixed Income Sales & Trading – Rates

Corporate Title Vice President

Location New York, NY

Overview

You will focus on providing real-time support to the FIC Sales & Trading business. The FIC Sales & Trading business focuses on credit, rates, securitized products, foreign exchange, and emerging markets debt. With primary focus on the Rates business, you will advise on issues (questions, problems, or proposals) related to Rates sales and trading activities, surveillance and monitoring of controls, supervision, and other issues that are typical for a large global investment bank.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift, and volunteer programs

What You’ll Do

• Provide real-time advisory services to the Rates business within Fixed Income & Currencies (FIC) Sales & Trading; identify regulatory trends and developments that impact business areas, and advise staff as to how this may impact their current activities
• Advise business areas on Firm policies and procedures and applicable securities laws and regulations; draft, update, and implement relevant policies and procedures
• Provide regulatory/compliance training; assist the Business in implementing and documenting various supervisory/control mechanisms
• Participate in internal investigations, respond to regulatory inquiries, and coordinate internal and external audits and inspections; interact with federal and state regulators
• Support the global compliance monitoring program by providing input on the framework documents and completing verification checks as outlined the in the annual monitoring plan
• Perform testing and monitoring of compliance with Firm policies and conduct risk assessments of the Business to ensure effective business control framework

How You’ll Lead

• Excellent oral and written communication skills
• Ability to make, support, and defend difficult and complex regulatory/compliance decisions in a fast-paced and high-pressured environment
• Ability to project confidence and professionalism in dealings with senior business personnel

Skills You’ll Need

• Bachelor’s degree or equivalent; JD or MBA a plus
• Significant experience with fixed income (including FX, credit, and rates) products, but at a minimum experience in advising for Rates business activity
• Familiarity with Primary Dealer activities and obligations

Skills That Will Help You Excel

• Relevant experience providing compliance or legal coverage to a sales or trading Rates desk at a broker/dealer working on or providing trade/sales support to such a desk
• Functional knowledge of the US fixed income and derivative trading regulatory framework, the ’33 Act and the ’34 Act, FINRA, SEC, broker dealer regulations and other relevant bank regulations; knowledge of Fed, SEC, CFTC, MSRB, and FINRA laws, rules, and regulations as well as industry best practice
• Strong written and verbal communication and presentation skills, with the ability to effectively influence others and engage senior stakeholders and foster collaboration among Compliance, the Business and other infrastructure functions
• Action-oriented and delivery focused with a disciplined approach and an ability to be proactive, work under pressure, and within tight deadlines while maintaining accuracy, showing initiative, and reacting quickly to changes in priorities
• Ability to project confidence and professionalism in dealings with senior business personnel

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank’s hybrid working model.

The Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $125,000 to $203,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.