Compliance, GBM Public, Swap Dealer Compliance, Associate, Salt Lake City

Global Compliance
Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.
Swap Dealer Compliance seeks a Compliance Officer to advise internal stakeholders on implementation and development of CFTC, NFA and SEC swap dealer requirements, including developing relevant compliance program elements including policies and procedures, training, risk assessments, issues management, governance and management reporting, metrics and assisting in the remediation of noncompliance matters. This position will require engagement with the business, including Global Banking and Markets, Private Wealth Management and Corporate Treasury as well as with Compliance, Legal, Operations, Engineering, Risk, Finance and Audit stakeholders. Knowledge of SEC, CFTC & NFA swap regulations is preferred to uplift the compliance program and assist the firm’s swap dealing entities and their Chief Compliance Officers (CCOs) satisfy their obligations under relevant rules.
Responsibilities:
Advise and implement enhancements to the overall Swap Dealer Compliance Program, including policies and procedures
Assist in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators (SEC, CFTC & NFA)
Assist with the development and maintenance of management reporting for Boards of Directors, CEOs and other senior stakeholders at the firm
Support the CCOs in administering their duties to overseeing the firm’s Swap Dealer Compliance Program
Assist in managing conflicts of interest and other issues that may arise in running the Swap Dealer Compliance Program
Review and educate internal stakeholders on regulatory updates and engage in advocacy and industry discussions on swap dealer matters
Advise the business on regulatory requirements, developments and expectations across the swap dealer regimes including swap data reporting, business conduct, margin among other areas
Serve as an escalation point and assist in remediating non-compliance issues
Assist in drafting CCO annual reports for the firm’s swap dealer, futures commission merchant and security based swap dealer entities
Assess the effectiveness of the relevant CFTC, NFA and SEC rules on a periodic basis together with obligations, risks and controls, including risk assessment activities
Assist in developing monitoring and testing to review and challenge controls and implementation of obligations with Compliance and business teams, and work with Audit on their ongoing reviews
Assist with the development of training for Associated Persons of the swap dealer and security-based swap dealer to educate and remind those employees of their obligations and expected behaviors
Qualifications:
4-8 years’ experience in and knowledge of CFTC, SEC, NFA swap dealer regulations
Experience writing and implementing policies and procedures, management information and reports
Product knowledge and regulatory experience within the OTC derivatives and securities-based swaps businesses a plus
Assist with the monitoring, and testing of compliance programs
Strong interpersonal skills and the ability to manage processes and drive change and accountability with key internal stakeholders
Effective communicator with senior stakeholders both verbally and written, including experience delivering trainings
Work effectively with personnel in different office locations and in different time zones
Exceptional attention to detail and strong analytical skills
Proficiency in Excel, Powerpoint, and Microsoft Office
Bachelor’s degree level educated within a relevant field
JD preferred but not required
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