Director /Senior Swap Dealer Compliance Officer

Full-time 8 views
Company BCG Attorney Search Location Jersey City, NJ, United States



9-17 yrs required



Jersey City office of our client seeks a director /senior swap dealer compliance officer with 10-15 years of investment banking experience with a broker-dealer and/or related legal or regulatory experience ( e.g. former Securities and Exchange Commission). The candidate will organize and contribute to supervise the compliance program for Swap Dealer rules, both within the registered perimeter and for unregistered entities. Monitor, analyze and advise on the implementation of proposed and final rules promulgated by the CFTC, NFA and SEC, FINRA on swaps and security-based swaps. Report and escalate to senior management; regulatory developments, progress on regulatory initiatives, issues, violations or other matters of interest. Provide coverage as and when required of senior management meetings (for example; Swap Dealer Operating Committee, Swap Dealer Management Committee, Sec Corp CEO monthly meeting) at the direction of the Head of GBR Americas. Act as global coordination and subject matter expert for all matters relating to the Swap Dealer or Security-Based Swap Dealer. Responsible for ensuring completion and timely reporting various swap dealer reports, including NFA Annual Questionnaire, Annual CCO Report, Risk Exposure Report and NFA Monthly risk report and SEC SBSD regulatory reporting (as needed). Regulatory compliance contact for the CFTC, NFA and SEC, FINRA on certain complex inquiries, audits and enforcement actions. Act as coordinator and regulatory advisor within GBR for the registration of BNPP as a SEC Swap Dealer. Monitor and analyze proposed and final rules promulgated by U.S. financial regulators. Represent BNP Paribas in industry working groups dedicated to advocacy, interpretation and implementation of new and proposed regulations. Assess the impact of new rules and regulations to existing policies in the U.S. and overseas, and work with local and global implementation teams to provide expertise and advice to implement regulatory change. Provide regulatory guidance to local and overseas management, business lines and functions, and on regulatory risks and challenges through the evaluation of regulatory developments Bring relevant expertise and provide advisory services to the Business Lines and Group Control Functions on the above regulations. Advise the Business Lines and Functions on registration requirements for existing and proposed activities. Draft and adapt Group policies, procedures and guidelines to reflect any change in regulations or processes, reasonably designed to support compliance with applicable regulatory obligations, corporate requirements and industry best practices. Participate in the development and implementation of strategic initiatives. Contribute to build and deploy Level 2 permanent control capabilities, advise and assist as needed Compliance Review Team efforts in their testing of first and second level controls related to in-scope regulations; contribute as needed the risk assessment at Group and Business Levels in coordination with relevant internal and external parties as the case may be. Contribute to the deployment of a robust training plan at Group level and definition of the Develop training materials and provide training to other compliance advisors, the business and key functions. Contribute to the design, deployment and run documentation repository tools to facilitate audits and controls by level 3 control teams ( Internal Audit) and external regulators. Contribute to the response to external regulators, both on a regular basis as per legal requirements, and upon request. Contribute to any internal reports and regional governance required within by BNPP Head Office (e.g. Board committees, ComEx, Management Committees and Board meetings). Coordinate with Legal, Risk and Compliance desk Advisory on specific new transactions or activities of the Business. Participate in the Business Line governance as needed and cascade of review meetings if agreed with the M?tiers (e.g.: sub-ICC participation within CIB). Assess the impact and provide advice on the interpretation and implementation of European derivative regulations such as MiFID and EMIR as it the BNP Americas region. Should preferably have 7+ years of relevant experience in a Swap Dealer Compliance office position or similar role in Compliance/Legal or Risk departments covering above referenced regulations. FINRA Registrations are required.

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