Compliance Manager - FX & Securities Lending

  • Base salary, bonus and excellent benefits
  • New York, NY, USA
  • Permanent, Full time
  • The Forum Group
  • 16 Oct 17 2017-10-16

• The Compliance Manager is responsible for compliance aspects of the US Markets products (FX and Securities Lending) within the Compliance Division and serves as a trusted advisor to Markets business lines. The Compliance Manager seeks to ensure that business is being conducted in conformity with all applicable laws, regulations and internal procedures that relate to FX and Securities Lending including keeping abreast of new products, technologies, and their applications and implications for Markets.

Additiona responsibilities will include:  
o Document and implement compliance programs and policies related to Markets businesses, including new global regulations related to Markets such as Dodd Frank, EMIR, MIFID2, and SFTR; work with OGC and Markets business leaders to identify applicable regulatory developments affecting Markets LOB and assessing them against our practices, policies and procedures
o Partner with the business on various regulatory reporting issues, including reporting under Dodd Frank and EMIR
o Assist in developing compliance policy and provide support to the business units with regard to business developments
o Oversight of the review of customer complaints and inquires
o Ensure appropriate reports are maintained and provided to Compliance management when required
o Review regulatory filings and ensure they are made in timely and complete manner
o Review requests for information from regulators, collect information and documentation and prepare applicable response for Compliance management
o Ensure that the Compliance policies for Markets are reviewed on a regular basis and kept up to date with regulatory change
o Actively support the Markets LOB for FX, including Dodd-Frank Act, CFTC and NFA regulations, including trade reporting, and major European regulations, including EMIR and MiFID; for Securities Lending including ETF/Alternative Funds, Banking Law, ERISA and  Investment Company Act of 1940
o Provide Compliance advice on the various FX businesses, including agency and principal FX trading, currency administration, FX forward and swap activity, FX trading unit, as well as collateral requirements
o Provide Compliance advice on various Securities Lending aspects including yield enhancement trades, collateral requirements, dividend arbitrage, overseas lending frameworks
o Advise Markets LOB personnel with respect to regulatory compliance requirements as they introduce new products and services, make material changes to products and services and/or utilize vendors and service providers; this will include various enhancements to our FX on-line product suite (INFOFX)
o Provide sound technical advice to the business as required together with solutions to complex regulatory issues.
o Proactively assist Markets LOB to identify compliance risks and develop effective mitigation initiatives
o Provide management reporting to Senior Compliance management on various stages of the business plan.
o Liaise with OGC and Risk Management on compliance matters
o Prepare training materials and undertake employee training to the business (with support from business as considered necessary)
o Ensure training topics reflect current Compliance focus and that training material is updated to reflect any regulatory changes
o Provide training and support to other members of the Compliance team
o Assist with development of appropriate training (both annual and targeted for all levels/areas of the firm) on compliance requirements for the Markets LOB
o Assist senior management reporting on regulatory compliance matters affecting Markets LOB
o Undertake compliance monitoring program as required, including CMP for FX, Securities Lending and Corporate Treasury
o Responsible for following up and closing out outstanding action points identified through the compliance monitoring program
o Develop and maintain the Compliance Risk Assessment for FX and Securities Lending.
o Develop and maintain an annual Compliance Monitoring Plan for FX and Securities Lending
o Ensure that there is liaison with Internal Audit, Risk Management and OGC when planning compliance monitoring
Qualifications:
o BS/BA or equivalent work experience
o Law degree is a plus
o 7-10 years of work experience
o Bench strength across areas of compliance including monitoring
o Capable of executing a range of complex tasks and analyses
o Strong knowledge of compliance issues for FX and Securities Lending including issues related to agency and principle trading and regulatory reporting
o Strong written and oral communication skills
o Good interpersonal skills and ability to interact with members of senior management as well as adaptability and willingness to take on a wide variety of new tasks in a fast-paced environment
o Ability to work well under pressure
o Languages an advantage