Job DescriptionThe VP, Compliance Officer will play a crucial role in offering real-time advice and guidance to the trading and sales teams, ensuring the firm's activities adhere to regulatory standards. This position demands a deep understanding of fixed-income regulations and the ability to navigate a fast-paced, high-pressure environment.
Responsibilities- Provide immediate regulatory advice and support to front-office teams.
- Draft and update firm policies, ensuring compliance with SEC, FINRA, and MSRB regulations.
- Regularly update written supervisory procedures and distribute regulatory memoranda internally.
- Conduct compliance training on new regulations and firm policies.
- Monitor TRACE and MSRB reporting, circulating performance metrics.
- Perform electronic communications surveillance and trade reconstructions.
- Draft responses to fixed-income-related regulatory inquiries and internal audits.
- Conduct on-site branch office inspections and ad hoc investigations.
- Stay updated on regulatory initiatives and their implications for the firm.
Qualifications- Must have 1 to 4 years of experience in a fixed-income compliance role at a FINRA registered broker-dealer.
- Proficiency with broker-dealer trading and back-office systems, including Bloomberg TOMS.
- In-depth knowledge of SEC, FINRA, and MSRB regulations applicable to fixed-income products.
- Experience with fixed-income trade surveillance and regulatory initiatives.
- Working knowledge of trade reporting, markups, institutional suitability, and other key fixed-income regulatory topics.
- Familiarity with structured products, MBS, and private debt offerings is an advantage.
- Bachelors degree, FINRA Series 7 license, and Series 24 and 53 licenses are required.
- A law degree is desirable but not mandatory.
- Excellent communication and interpersonal skills for effective collaboration with front-office personnel.
Starting at $130,000 plus bonus
The actual base salary will be determined on an individualized basis considering a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package (including health, vision, and dental insurance, paid time off and a 401(k) retirement), this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
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