Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm’s invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm’s businesses.
Background on the Team
The Compliance Assessment Group (“CAG”) is primarily responsible for assessing activities within Institutional Securities Group (“ISG”) for adherence to applicable laws, rules, regulations and Firm policies and procedures. The activities conducted by CAG are coordinated globally across similar ISG teams and performed in conjunction with the Firm’s Monitoring and Testing Program that was adopted pursuant to the conversion to a Financial Holding Company. Primary Responsibilities
This position will be heavily involved in the continued development and implementation of the Volcker Testing program, which was established in 2015. Responsibilities include:
-Planning, preparing and executing regulatory and compliance-based reviews for Sales & Trading, IBD, Research, Commodities, Futures, Prime Brokerage, BRM and Operations Divisions. These reviews include desk, branch and targeted assessments, which are primarily focused on evaluating controls and compliance with rules, regulations and Firm policies and procedures.
-Conducting information gathering sessions with Business Unit personnel (including management and support staff), performing substantive on-site testing, summarizing results, preparing writtenreports to be presented to management, and tracking all issues raised in the course of the review until resolution.
Skills required (essential)
-7 - 12 years of compliance experience in the financial services industry, an SRO or in Internal Audit.
-Excellent verbal and written communication skills.
-An understanding of products, sales, trading, and systems are also required.
-Series 7 & other certifications are a plus.