Compliance Professional

Specific functions

·        Provide real-time advice and guidance to trading and sales force on regulatory implications of daily activity.

·        Draft/update Firm policies and procedures; perform testing of policies and procedures.

·        Regularly update written supervisory procedures.

·        Draft memoranda on regulatory matters to be distributed internally.

·        Conduct compliance training for new and existing regulations and firm policies.

·        Monitor TRACE and MSRB reporting in real-time and circulate performance metrics.

·        Conduct electronic communications surveillance and trade reconstructions.

·        Draft responses to fixed income-related regulatory inquiries and internal audits.

·        Perform on-site branch office inspections and ad hoc investigations.

Candidate Requirements

·        2 to 7 years of experience working in fixed income compliance function of a FINRA registered broker dealer.

·        Experience with broker-dealer trading and back-office systems, including Bloomberg Trade Order Management System (TOMS).

·        Knowledge of SEC, FINRA, and MSRB regulations applicable to fixed income products, sales and trading.

·        Experience with fixed income trade surveillance.

·        Working knowledge of major fixed income regulatory topics, including but not limited to trade reporting, markups and markdowns, institutional suitability, Municipal Advisor Rule and communications with the public.

·        Familiarity with regulatory initiatives, including best execution, fair pricing, 15c3-5, front running, and debt research.

·        Experience with structured products, MBS, private debt offerings a plus.

·        Bachelors degree, FINRA Series 7 Required (Series 24 and 53 a plus). Law degree a plus.