VP Compliance- Trading Floor

The role of the Divisional Compliance Officer is to articulate and maintain the standards of conduct required of the Firm’s businesses as well as the laws, regulations and policies governing these equity and credit businesses in order to assist the Firm in avoiding economic, regulatory and legal liability and risk to reputation. Divisional Compliance provides coverage support to the Division’s functional (including sales, trading, and capital markets) and product areas (equities, fixed income, currencies, commodities, etc). Divisional Compliance also works closely with other Firm departments, such as Operations, Controllers, Credit, Information Technology, Internal Audit and Legal.

Specific Job Summary: Provide compliance coverage for salespeople in the Securities Division, with particular focus on desks selling securities in the fixed income division. Approximate 70% : 30% split between project work and real-time advisory work.

Principal Responsibilities
• General compliance responsibilities.
• Provide daily advice to the business units on sales issues, including suitability, trade execution and communications issues.
• Actively manage the regulatory and legal risks of covered business units.
• Design and conduct suitability reviews and deal file analysis.
• Review client documentation with respect to non-market professionals and guide the business in making suitability, capacity and authority determinations.
• Create and deliver training for business and operations in applicable laws, regulations, policies and procedures.
• Draft and maintain firm policies and procedures.
• Identify potential targets for investigation and conduct investigations and reviews.
• Review and assist in the design of surveillance reports.

Experience/Skills
• Must be a proactive team player, with a strong sense of urgency and the ability to get along with others.
• Must work well under pressure and have a positive, hands-on, "can do" attitude.
• Self-starter with the ability to work effectively with minimum supervision.
• Excellent multi-tasking abilities required. Ability to implement solutions is critical.
• Strong interpersonal skills; communication (live, phone, email) is 70% of the job.
o Good communication/presentation skills.
o Good drafting ability, but written communications are limited to short policy/guideline documents and trainings. Clarity and brevity in communication is essential.
• Strong analytical, organizational and researching skills: analysis represents the remaining 30% of the job.
o Must be comfortable addressing problems where there is no clear cut answer and making decisions based on less than 100% certainty.
o Should be detail oriented and enjoy fact-gathering, whether through documentation review, conducting live interviews or analyzing trade data.
• This is a job for a generalist. Must be comfortable issue-spotting, working with subject matter experts and leading teams to resolution.

Education: Bachelor’s degree and either an MBA, JD or 4+ years experience in securities industry required.

Job Notes:
• Job location is in the "open fish bowl" of a trading floor.
• Job is part of a 4-person team, which works collaboratively with other line compliance officers.
• Primary responsibility for 80+ businesspeople, and shared responsibility for 300+.
• Job is in a fast-paced environment that values teamwork and collaboration and prizes an ability to get things done.
• Focus is on practical implementation of laws/regulations more than interpretation of same.
• There is limited administrative support.