Trading Floor Compliance Associate

---

Job description

THE RESPONSIBILITIES:

• Daily line of business reviews of trade reports to monitor compliance with regulatory requirements and internal policies, providing feedback and correction where required
• Escalation to LOB Supervisors of issues and exceptions that require attention
• Reviews of emails, telephone calls and client communications for evidence of regulatory infractions
• Review with LOB heads and staff (when necessary) relevant regulatory notices, disciplinary activities, etc. including synopsis of the impact to the businesses
• Keep Management abreast of pending regulatory changes and Requests for Comment
• Handle "on-the-fly" requests from LOB Heads and trading staff for situation-specific advice. This may involve requesting interpretations from the Regulators and/or arranging information sessions with Compliance
• Works with Compliance to analyse the impact of regulatory changes on the business and determine the appropriate course(s) of action.
• Works with the centralized compliance tool GRCE for regulatory risk assessments, quarterly entering of monitoring and testing results, and issue management
• Assists other Trade Floor Supervision staff with development of policies and procedures to meet regulatory obligations
• Supports implementation of regulatory risk control policies and procedures as needed for the group.
• Supports group compliance to bank risk policies and relevant regulations by coordinating ongoing local communication of requirements, policies, audit findings, action plans, and follow-up actions through to completion.
• Communicates policies and procedures to local management and LOBs in tandem with Compliance partners.
• Establishes procedures and monitors adherence to current physical and logical (systems) access policies.
• Coordinates any required regulatory attestations for Lines of Business.
• Intervenes on behalf of Compliance with Lines of Business to accelerate completion of licensing, training and continuing education requirements.
• Acts as a liaison with auditors. Facilitates retrieval of required information/documentation and responds knowledgeably to related questions as necessary.
• Partners with local management from Lines of Business for issue resolution and compliance to action plans.
• Interacts with staff of all levels in the Lines of Business as necessary for issue resolution.
• Partners with various bank areas as necessary to conduct proactive risk mitigation measures, including but not limited to AMLRO Office, Compliance, Legal, Technology, Security, Risk Management, and Human Resources.
• Ensures delivery of exemplary internal client service by troubleshooting and providing issue resolution in a professional, ethical, and conscientious manner.

EXPERIENCE REQUIRED:

• The candidate should have several years of experience in a Compliance or Regulatory function covering a major broker-dealer.
• A solid understanding of regulator expectations and the process through which regulatory requirements are integrated into business processes as well as techniques for resolving regulatory issues that are uncovered after-the-fact.
• In-depth knowledge of products and services including related functions and responsibilities of support groups and stakeholders (e.g., Compliance, Operations, Technology, Law Department, Tax Department, Accounting and Finance areas, etc.).
• Knowledgeable of the various risks and controls associated with business activities, including market risk, credit risk, and operational risk.
• Expertise in computer applications and database management tools including, but not limited to, MS Excel, MS Word, and MS PowerPoint.