Swap Dealer Testing Compliance Officer

Where

New York, NY

What you'll be doing

Candidate will join a growing team of Compliance Officers responsible for the review and testing of activities as newly registered Swap Dealers. Position will be at the AVP or VP level, depending on experience. Responsibilities include review of the SD policies and procedures and test for effectiveness, including analysis of resources set aside for compliance and discussion of any necessary improvements. Determine material non-compliance risks related to relevant activities as a SD and assist with coordinating remediation efforts with relevant Compliance Advisory, business and infrastructure functions. Manage the review and testing of SD risk management programs to evaluate adherence to risk management policies and procedures, assess the effectiveness of internal controls, and generate recommendations for modification, as warranted. Document the procedures used to initiate inquiries, compile their results, and communicate such information to senior management on a regular basis. Monitor and regularly test swap positions held by global entities to ensure that swap dealer registration policies and procedures followed. This will include testing adherence to restrictions on dealing in swap and security-based swap products. Remain current on industry rules, regulations and best practices to help ensure that the examination program meets regulatory standards. Coordinate with other professionals in the organization, including Compliance Advisory teams, Business/Front Office, Operations, Finance, and Surveillance Analysts. Work with Compliance Advisory in preparation of annual CCO reports. Communicate examination results, present identified issues to the business, work with the business to develop and implement plans of corrective action, and prepare written inspection reports.

What your background should be

This position is required minimum of five years of compliance and regulatory experience, with knowledge of the financial service industry, regulatory requirements and experience in analyzing business risk and best practices. Experience in Sales and Trading (Markets businesses) is highly preferred. Prior regulatory experience with the NFA, CFTC, or SEC preferred. Strong knowledge of derivative products, including all types of swaps, required. Strong investigative skills inquiry and analysis, interviewing, testing (including forensic testing), organization and presentation. Excellent communication, interpersonal, and PC skills.

Required Schooling / Training

Bachelor Degree (Finance or Economics preferred). MBA or JD and Series 7 or 24, a plus.

Who is the client company

A global banking and financial services company which offers financial products and services for corporate and institutional clients along with private and business clients.

If you are interested in this position, send your resume to apply@kochdavis.com