Vacancy for Markets Compliance Officer Abigail Consulting Solutions LLC - Wanted in New York, NY

Markets Compliance Officer
Abigail Consulting Solutions LLC - New York, NY

SO1277 MARKETS COMPLIANCE OFFICER

Our client a major international bank with offices in the USA, Europe and Asia is currently seeking a Markets Compliance Officer with strong leadership skills.

JOB DESCRIPTION

The candidate will join a team of Advisory Markets Compliance officers charged with the monitoring of all U.S. banking and broker- dealer activities and will be responsible for managing the review of newly-registered Swap Dealer and all the related Dodd-Frank regulations.

Key Responsibilities:
: Advise sales and trading staff on all matters regarding Firm policies and procedures for adherence with Dodd Frank requirements.

: Review of the swap dealer and Broker-Dealer policies and procedures and test them 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 an SD or broker-dealer and assist with their remediation as required.

: Manage the review and testing of SD and BD 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 such inquiries and to 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 are followed. This will include testing adherence to restrictions on dealing in swap and security-based swap products.

: Assist in the conducting of compliance inspections of branch offices, trading desks, and other reviews in Markets and Corporate Finance business divisions, with a view towards assessing compliance with applicable laws, rules, policies and procedures. Escalate and follow up when issues are found.

: Prepare and conduct all training relating to Dodd Frank related requirements.

: Maintain an expertise of relevant regulations and their interpretations as required to perform the above functions.

: 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 Markets Compliance teams, Operations, Finance, and Surveillance Analysts. Work with Markets Compliance in preparation of annual CCO reports to be filed for the SD and BD pursuant to Dodd-Frank and FINRA regulations.

: Communicate examination results, present identified issues to the business, work with the business to develop and implement a plan of corrective action, and prepare written inspection reports.

: Track of the status of the corrective action plans agreed upon with the business.

: Remain current on industry rules, regulations and best practices.

REQUIREMENTS/QUALIFICATIONS:
: The ideal candidate will have a minimum of eight years of compliance and/or regulatory experience, with knowledge of the financial service industry, regulatory requirements, and experience in analyzing business risk and best practices.

: Knowledge of OTC Derivatives a must.

: Strong knowledge of derivative products, including all types of swaps, required.

: Experience in Sales and Trading (Markets businesses) is highly preferred.

: Prior regulatory experience with the NFA, FINRA, SEC, CFTC, or CME preferred.

: Strong investigative skills - inquiry and analysis, interviewing, testing (including forensic testing), organization and presentation (both written and verbal)

: Excellent communication, interpersonal, and PC skills.

A Bachelor's Degree (Finance or Economics preferred) is required.

HOW TO APPLY:
Apply today if that's you! Please email your Word resume to: info@abicsl.com for consideration. You may also contact us at 732-203-0600 - please refer to Job #: SO1277.
Abigail Consulting Solutions LLC -
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