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Head of Bank Regulatory Compliance at Jack Kelly

2010-07-23 10:12:07

Location: New York, NY
URL: http://www.compliancesearch.com

Description:

International investment bank and banking company seeks a Head of Bank Regulatory Compliance

Position Purpose:
The Director of Bank Regulatory Compliance is a significant position within the Firm as it provides regulatory compliance advice and support to business units that transact bank business.

The position requires an experienced professional to lead and manage the facilitation and coordination of the bank regulatory compliance program.

Key Accountabilities:
• Lead the Bank Regulatory Compliance team and provide guidance to develop, implement and maintain effective compliance programs against applicable laws, regulations, and policies for the Firm.

• Manage a staff of approximately five employees.

• Prepare and coordinate regulatory examinations.

• Develop appropriate metrics for the bank regulatory compliance program and coordinate regular inputs for reporting of such metrics.

• Actively monitor regulatory developments and trends in the market.

• Provide compliance training to the Compliance team, and the firm.

• Lead compliance reviews of business units and products.

Job Requirements: (Knowledge/ Experience):
Required:
• Thorough knowledge of banking regulations, bank operations and procedures, accounting, risk management controls, automated systems, internal control objectives and practices, and audit concepts and techniques.
• Ability to identify, interpret and analyze current and emerging developments for new laws, regulations and our guidance and determine their impact and requirements;
• Work in a consultative manner with operational or other functional specialists to assimilate these laws, regulations and guidance into policy and procedure; and coordinate with local control officers, line management and audit to implement and monitor their execution and enforcement.
• Ability to interact with all levels of internal and external (affiliate) management in a consultative manner;
• Self-starter, with the ability to follow through on issues and bring them to resolution in a timely and reasonable manner. Must be “hands-on”, resourceful, energetic and creative.
• Excellent interpersonal skills.
• Minimum of 8 years bank compliance experience; with a solid bank regulatory background.

Preferred:
• 8+ years relevant industry experience
• BA/BS in Accounting or Finance; JD in Bank Law
• 6+ years’ experience in Compliance Risk Management
• Computer skills – knowledge of Microsoft Office applications (e.g., Excel, Word, Access Outlook, etc.)

Please email Jack Kelly at jkelly@ComplianceSearch.com

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Records Management, Investment Bank at Jack Kelly

2010-07-23 10:10:36

Location: New York, NY
URL: http://www.compliancesearch.com

Description:

Main Function
Primary responsibilities include conducting comprehensive individual department assessments to ensure that the firm meets its legal and regulatory records retention obligations.

Identify assessed department records management gaps, advice on how to improve risk profile and increase the departments efficiency through an understanding of what records need to be preserved

Main Duties
Ensure regulatory compliance by maintaining accurate business records retention schedules and timely destruction of eligible aged records

Oversight responsibility for ensuring the accuracy of hard copy records inventory stored offsite

Coordinate with IT and Compliance management staff to evaluate systems and document management applications to ensure accurate incorporation of relevant electronic records retention policies and procedures

Participate in quarterly Records Management Steering Committee meetings to present new and updated retention schedules, recommend eligible records destructions and discuss business issues

Complete assigned department records management assessments or refreshes according to risk based scoping approach and pre-defined milestones

Document each departments agreed action items and provide transparency of due or overdue actions through risk based metrics

Respond in an accurate/timely manner to legal and regulatory discovery requests

Promote good business relationships with all internal partners

Person Requirements
Essential

Records Mgt experience is essential.
The position is in Compliance.

• Experienced in working within the Investment Banking or other financial services sector organization
• Excellent business analysis experience gained within a large corporation
• Exposure to project management techniques
• Ability to work closely with Legal, Compliance and Technology to solve records management challenges
• Experience in dealing with disposal holds and retrieval requests
• Strong understanding of regulatory and industry best practice in records management
• Ability to adapt style to meet stakeholder needs
• Ambitious with strong desire to succeed
• Strong organizational skills
• Excellent verbal and written communication skills
• Detail oriented while producing high quality results

Please email resumes to Jack Kelly at jkelly@ComplianceSearch.com

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Senior Equities Compliance Officer at Jack Kelly

2010-07-23 10:09:16

Location: Connecticut
URL: http://www.compliancesearch.com

Description:

The firm is recruiting for the position of Senior Equity Compliance
Officer for the Americas Region.
The individual will be primarily responsible for many aspects of guidance and rule implementation across the Equity Division, providing essential compliance services across the firm’s cash and risk trading areas.
The role covers cash sales and trading, equity capital markets,
derivatives, proprietary trading, and structured products, among others.

The position also includes providing guidance in addressing regulatory and legal investigations.

He/she will also be involved with the following:
Provide day-to-day advisory / transactional support

Provide clear and articulate guidance

Facilitate robust dialog / advocacy within the industry and with all
relevant regulators, on behalf of the firm.

Implement or support the implementation of a program that regularly
reviews current business practices against the regulatory requirements
to ensure that discrepancies are identified and addressed proactively;

Implement an effective monitoring program designed to assess whether
the Firm’s supervisory system is reasonably designed to deter and detect non-compliance with applicable regulations and firm policy.

Serve as an effective mechanism for the escalation and resolution of
issues.

Basic Qualifications Relevant skills and experience include equities
compliance experience; regulatory or in-house audit or examination
experience; firm or regulatory investigative experience.

Experience with trade surveillance and exception reports/vendor tools;
comprehensive technology and data-extraction experience preferred.

MBA or JD a plus.

3+ years experience

Please email resumes to Jack Kelly at jkelly@ComplianceSearch.com

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Fixed Income Structured Products – Director/Executive Director at Jack Kelly

2010-07-23 10:08:03

Location: Connecticut
URL: http://www.compliancesearch.com

Description:

The Fixed Income Structured Products Compliance Officer will be responsible for providing coverage to the Investment Bank’s Structured Products Businesses on both the Sales and Trading.

These businesses include Correlation Trading, Index Trading, Credit Solutions, and Credit, Macro and LATAM Structuring, Exotics and Insurance.

While this role will largely focus on the referenced Fixed Income Structured Products Businesses, the scope of the position extends to other coverage areas within FICC as well.

The ideal candidate will have 5-15 years of relevant compliance experience in the Fixed Income Markets with an emphasis on Structured Products and will possess general knowledge of Fixed Income and general securities laws and regulations, specifically rules regulations and procedures pertaining to developing, marketing and sales of complex structured products.

The role will consist of a combination of advisory work, interpreting and enforcing applicable rules and regulations, the development and implementation of policies and procedures, and the delivery of training. This person will also act as the compliance liaison to the referenced Structured Products Groups, originators, syndicate and sales and trading staff. This individual will also work closely with Fixed Income legal and FI Management on the approval of New Business Initiatives, and Complex Trade Approvals .

• Advisory – responsible for providing primary compliance coverage to the Investment Bank including Correlation Trading, Index Trading, Credit Solutions, and Credit, Macro and LATAM Structuring, Exotics and Insurance Groups.

• Rules and Regulations – responsible for interpreting and enforcing applicable rules and regulations, with emphasis on rules and regulations relating to the development and marketing of complex structured products, marketing materials, suitability, Rule 144a, Regulation S, Rule 15a-6, Reg W, etc.

• Policies and Procedures – identification, assessment, drafting and implementing relevant policies, procedures and processes.

• Supervision – work with FICC management and the FICC Structured Products Groups to ensure that there is an appropriate supervisory framework in place, including current and accurate written supervisory procedures, desk manuals, appropriate supervisory review process, etc.

• Audit, Regulatory Inquiries and Examinations – act as the compliance liaison with Group Internal Audit, Compliance Risk Assessment, regulatory inquiries and examinations, and Central Compliance (e.g. registrations, personal account dealing, outside business activities and monitoring) for the referenced FICC Structured Products Groups.

• Training – conduct a training needs analysis, develop and execute robust training plan to the referenced FICC Structured Products Groups.

• Reporting and escalation – create management reports and escalate significant issues as appropriate.

• Other responsibilities – working with Legal & Compliance colleagues on broader, department-wide initiatives to achieve regional and global objectives. The role will also provide excellent exposure to and the ability to interact with a strong local and global network of compliance officers.

• Knowledge of the broad range of Fixed Income business areas particularly in complex structured products.

• Expertise of the rules, regulations and regulatory regimes under whose umbrella the firm falls, with including rules and regulations relating to the marketing and sales of complex structured products, suitability, information barriers, Section V of the ’33 Act, Rule 10b-5, Regulation M, SEC Rule 14e-5, Rule 144a, Regulation S, Rule 2790 and Rule 15a-6, Reg W, etc.

• 5-15 years of relevant legal or compliance experience

• BS/BA Degree
MBA or Law Degree

Please email resumes to Jack Kelly at jkelly@ComplianceSearch.com

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Institutional Examiners, 2 Positions AVP and VP at Jack Kelly

2010-07-23 10:05:19

Location: Connecticut
URL: http://www.compliancesearch.com .

Description:

Our client seeks two Compliance professionals for an AVP and VP positions.

The Compliance Examiners will review the firm¡¦s institutional sales and trading desks.

The desks include equities, fixed income, structured products, derivatives, etc.

Candidates should have experience testing, monitoring, examining or auditing within a financial services firm.

Knowledge of operations, settlements, net capital/reserve formula calculations, and margin requirements.
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Please email Jack Kelly at jkelly@ComplianceSearch.com

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Anti-Money Laundering – Regulatory/Risk Mngmnt/Training at Compliance Search Group

2010-07-19 09:13:51

Location: New York, NY
URL: http://www.compliancesearch.com

Description:

Top-tier investment bank seeks an Anti-Money Laundering Analyst / Senior Analyst with prior experience at a bank or brokerage firm to join a group whose primary responsibilities include: liaising with regulators and Internal Audit with respect to AML examinations; conducting AML risk assessments; drafting AML policies and procedures, and; AML training.

The group is also responsible for managing/coordinating various AML projects and initiatives.

The ideal candidate would have excellent oral and written communication skills, project management experience, and a strong working knowledge of the AML regulations.

• Liaising with regulators and Internal Audit in connection with examinations.
• Conducting AML risk assessments.
• Drafting policies and procedures.
• Conducting in-person AML training.
• Development and implementation of new AML initiatives, processes, and systems.

Experience:
• Prior AML experience as a compliance officer or attorney.
• Prior banking or brokerage experience with extensive knowledge of financial markets and products.
• Strong analytical and risk assessment skills.
• Ability to adapt to new changes and new challenges.
• Ability to prioritize work flows and ensure deadlines are met.
• Ability to forge strong relationships with colleagues and clients.
• Ability to work independently within a team environment.
• Excellent written and verbal communication skills.
• Proactive, self motivated and well-organized

Please email resumes to Jack Kelly at jkelly@ComplianceSearch.com

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Institutional Equities S&T Compliance - Business Side at Compliance Search Group

2010-07-19 09:12:47

Location: New York, NY
URL: http://www.compliancesearch.com

Description:

Equities Capital Markets Institutional & Proprietary Sales & Trading
Regulatory Control Group: Sr. Level Officer
Reports to the Business Side Greater NYC Area $$$ Open DOE
5 – 10 yrs. Experience – Institutional Equities Compliance Sales & Trading

RESPONSIBILITIES

Front Office position located on the Sales & Trading Desk, reports to Co-Head of
Regulatory Control Group

Assist with the identification of specific regulatory issues, the application of regulatory requirements, provision of advice on these rules and internal policies, etc.

Communicate regulatory changes to the business and participate in drawing-up/amending existing policies and procedures.

Liaise with external counsel, regulators and colleagues, both within the Department and the Compliance group, as well as other support functions.

Providing real time trading advice and support to the firm’s equities sales & trading group.

Provide real time advice to the equities traders on regulatory requirements.

Review surveillance reports and address findings with individual traders.

Review daily, weekly and monthly exception reports.

Help train Junior Staff & Business People

QUALIFICATIONS

• Proficient in equities trading rules: short sales, error account usage, as well as general regulatory requirements (order marking, books and records etc.)
• Knowledge of how trading works regarding the handling of customer orders and the ability to resolve trading issues on a real time basis
• Must be able to work well under pressure in a fast paced environment and be able to respond to trader questions immediately.
• Individual must be organized and articulate.
• Must have knowledge of how the business works from a regulatory, as well as, “practical” perspective.
• In addition, the appropriate candidate must have an affinity towards technology and be able to liaise with IT on improving and automating regulatory requirements.

Contact: Michael Tuller – mtuller@compliancesearch.com / 212-997-3163

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Control Room Research Compliance Officer at Michael Lane

2010-07-14 11:27:03

Location: New York, NY
URL: http://www.ComplianceSearch.com

Description:

Formulate and implement the Firm’s Research and Information Barrier policies and procedures with the Equity and Fixed Income Research Departments and interactions between Investment Banking, Research and Sales and Trading personnel.

Chaperone conversations between investment banking/capital markets and equity research personnel for compliance with various research-related regulatory reforms.

Assist in developing and implementing policies and procedures as necessary for the research departments.

Educate the research departments about research rules and policies an d procedures during compliance presentations throughout the year.

Review and perform compliance surveillance and oversight of the Firm’s equity fixed income and emerging markets research for compliance with research rules.

Advise research employees on the Firm’s employee trading policy.

Review the Firms equity and fixed income research.

Monitor and update IBD assignments for Information Barrier purposes.
Assist in training and education of IBD personnel.

Prefer minimum 2 + years Control Room experience with knowledge of research activities.

To apply please submit your resumes to Michael Lane – MLane@ComplianceSearch.com

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Institutional Sales and Trading Senior Compliance Officer at Michael Lane

2010-07-14 11:22:03

Location: New York, NY
URL: http://www.ComplianceSearch.com

Description:

Duties – Work with the Business Unit and the Compliance Advisory teams to establish and enhance the Supervisory and Compliance Oversight process, including supervisory manuals and related systems.

- Identify gaps and weaknesses and develop a corrective action plan to remediate them. Will take ownership of the remediation effort including report design, creation and implementation.

-Manage and communicate priorities among the Business Unit, IT, Operations, Compliance Advisory and Internal Audit.

-Work with IT to develop and enhance exception reports for Compliance and the Business. Will own this process from development through implementation.

-Work with Business Unit, Risk, Operations, Front and Back Office Technology, as well as Legal and Compliance Technology.

-Perform daily review of surveillance reports to detect possible violations of Rules, Regulations and Firm Policies.

-Research and respond to issues that may arise at the trading desk level regarding sales, trading, capital market questions.

-Perform research needed to respond to regulatory inquiries and examinations.
The candidate will then be required to become familiar with the day-to-day operations of the trading desks and will be required to interact with staff members by providing answers to questions that may arise.
Requirements
— Must possess a good understanding and a working knowledge of the Compliance Surveillance Process and a basic knowledge of the rules and regulations.

-Must understand complex trading instruments such as structured/securitized products and derivatives.

-5A+ years of relevant Compliance or Regulatory experience.

-Should possess strong written and oral communication skills

To apply please submit your resume to Michael Lane – MLane@ComplianceSearch.com

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Regulatory Exams and Inquiries Compliance Officer at Michael Lane

2010-07-14 11:16:16

Location: New York, NY
URL: http://www.ComplianceSearch.com

Description:
Prepare for and coordinate regulatory exams. Obtain, review and organize documents for examination team. Prepare staff for and facilitate meetings with examiners. Maintain accurate and complete examination records. Work with colleagues to prepare formal responses to findings letters. • Research and respond to regulatory inquiries from FINRA, NYSE, SEC and other securities regulatory agencies in connection with market manipulation, insider trading, trade reporting, etc. • Research, retrieve, and organize documents and information requested as exhibits in conjunction with such inquiries. • Analyze such information in order to prepare formal responses to regulators and provide advice to business and Compliance personnel.

• Excellent written and oral communication skills.
• Work well with members of other areas of Legal and Compliance and the front office.
• Extensive understanding of equity and fixed income trading.
• Assist on special projects as assigned.
• Flexibility for being at work for early morning meetings; long hours are sometimes needed. Must be able to work in a fast-paced regulatory environment, simultaneously handling numerous inquiries or exams.
• Candidate should have excellent organizational, negotiating and inter-personal skills; should be solutions driven, confident, highly motivated and organized team player with impeccable integrity.
• Candidate should be able to act decisively and independently in situations requiring quick analysis and decision making.
• Series 7 preferred
• 4 yr College Degree minimum.

To apply please submit your resume to Michael Lane – MLane@ComplianceSearch.com

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