Head Of Equity Trade Surveillance

Overview

• Lead trade surveillance and compliance practices within a dynamic financial services firm, ensuring adherence to regulatory standards and trading governance policies.
• Provide compliance advisory support for trading staff across diverse products, strategies, and regions, addressing complex regulatory matters.
• Collaborate with technology teams to manage pre- and post-trade compliance checks, integrating proprietary and third-party systems.
• Oversee policy enforcement for trading governance and quantitative trading activities, ensuring compliance with industry regulations.
• Facilitate Wall Cross opportunities, administering trading restrictions and documentation to support permissible transactions.
• Train new portfolio managers and traders on trade compliance topics, enhancing organizational knowledge and adherence to regulations.
• Support regulatory inquiries and examinations, providing comprehensive responses to SEC, NFA, and CFTC inquiries.
• Investigate trade surveillance alerts, draft review procedures, and implement enhancements to the surveillance program.
• Execute compliance monitoring routines, developing testing procedures, and partnering with engineers to automate monitoring activities.

Key Responsibilities & Duties

• Manage trade compliance practice areas, ensuring adherence to regulations such as Regulation M, Regulation SHO, and trade allocation sanctions.
• Provide compliance advisory support for trading staff, addressing regulatory matters and offering guidance on permissible transactions.
• Collaborate with technology teams to oversee compliance checks and integrate third-party software into proprietary systems.
• Enforce policies and procedures for trading governance and quantitative trading activities, ensuring regulatory compliance.
• Facilitate Wall Cross opportunities, administering trading restrictions and documentation to support permissible transactions.
• Train new portfolio managers and traders on trade compliance topics, enhancing organizational knowledge and adherence to regulations.
• Support regulatory inquiries and examinations, providing comprehensive responses to SEC, NFA, and CFTC inquiries.
• Investigate trade surveillance alerts, draft review procedures, and implement enhancements to the surveillance program.
• Execute compliance monitoring routines, developing testing procedures, and partnering with engineers to automate monitoring activities.

Job Requirements

• Bachelor’s degree from a reputable institution; JD preferred but not required.
• Minimum of 10 years of experience in compliance at a registered investment adviser or similar role.
• Exceptional attention to detail, critical thinking, and problem-solving skills.
• Direct experience with trade compliance and surveillance matters, including familiarity with MNPI, Regulation M, and Regulation SHO.
• Knowledge of derivatives strategies and familiarity with complex financial products is advantageous.
• Strong MS Excel skills; familiarity with SQL and Python is a plus.
• Ability to manage and oversee pre- and post-trade compliance checks effectively.
• Experience in training and onboarding new portfolio managers and traders on compliance topics.
• Proven ability to support regulatory inquiries and examinations successfully.