VP Compliance Officer for Swaps Dealer

  • Base salary, bonus and benefits
  • New York, NY, USA
  • Permanent, Full time
  • The Forum Group
  • 16 Feb 18 2018-02-16

This person in this role will be responsible to develop a robust global CCO Compliance Program for Firm's Swap Dealers to ensure compliance with all applicable regulatory requirements.

Responsibilities will include:

  • Assist with the development and implementation of the global Swap Dealer Manual currently being drafted and ensure that the Manual is reasonably designed to ensure compliance with the requirements of Title VII of the Dodd-Frank Act (DFA)
  • Assist with a gap analysis to identify and update all impacted bank policies globally based on new regulations implementing the DFA
  • Provide ongoing support to the designated CCO of each Swap Dealer entity, including:
  • Recommend and implement changes to the compliance program and the Swap Dealer Manual and related policies/procedures as needed on an ongoing basis
  • Draft and coordinate the dissemination of regular Compliance Alerts/Reminders globally to ensure that the front office and infrastructure groups are aware of new rules/regulations and policies/procedures relating to each Swap Dealer
  • Work with surveillance staff on the development of second-level controls/surveillance needed for each Swap Dealer
  • Work with Compliance inspection teams and/or Audit staff on the development and ongoing testing/monitoring of the effectiveness of the policies and procedures for each Swap Dealer
  • Work with Compliance Advisory staff covering product lines and other relevant areas on annual risk assessments needed for each Swap Dealer
  • Work with Compliance Training staff on the development and coordination of initial and ongoing training to employees on requirements impacting the Swap Dealer(s)
  • Prepare the Annual CCO Report for each Swap Dealer, and any other required periodic reports that the CCO will be required to make, either to the Swap Dealer’s governing body or relevant regulatory authorities


  • 5 – 7 years of compliance or regulatory experience, preferably with a federal regulator or self-regulatory organization, or in a trading environment, risk management function, or law firm.
  • Bachelor’s degree; JD a plus.
  • Strong knowledge of Federal and NY State laws, rules and regulations pertaining to banks or bank holding companies participating in capital markets.
  • Working understanding of Title VII of the Dodd-Frank Act as pertains to the obligations of Swap Dealers
  • Excellent oral and written communication skills.
  • Ability to project confidence and professionalism in all dealings with business personnel.
  • Ability to make, support and defend difficult and complex regulatory/compliance decisions in a fast-paced trading floor environment.
  • Familiarity with trading deal capture systems, a strong plus.
  • Securities and/or futures licenses, a plus.
  • Experience in an investment banking environment, a plus.