Compliance, GBM Public Compliance -Equities, Prime Services, Associate

Job Description 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.

Position Overview The role of a Global Banking & Markets Public Compliance officer is to assist the firm in preventing, detecting and mitigating compliance, regulatory, and reputational risk within the Global Banking & Markets Public business by articulating and maintaining the standards of conduct required of the firm’s businesses as well as the laws, regulations and policies governing those businesses. This business-aligned compliance role provides both functional coverage to its aligned business Prime Services as well as general compliance for the product areas covered within those businesses, while working closely with other firm departments including Legal, Risk, Finance, Operations, Technology, and Internal Audit.

Responsibilities

• Provide day-to-day line Compliance coverage for the Global Banking & Markets Equities Prime Services businesses including coverage of Prime Brokerage Sales, Client Services, Securities Lending, Capital Introduction, and Business Consulting Services teams
• Advise on how to conduct the firm’s business particularly focused on Prime Brokerage client activity in a manner that complies with the vast array of rules, regulations, and regulatory expectations
• Assess new business initiatives and coordinate with interested stakeholders to support the firm’s overall governance framework
• Represent Compliance in broad-based cross-divisional projects supporting regulatory requirements
• Develop, draft and maintain Compliance policies and procedures outlining firm requirements, regulations and best practices
• Create and implement Compliance training programs for Equities professionals
• Assist with regulatory examinations, audits and inquiries
• Perform oversight of surveillances and programmatic reviews to assess Compliance risks and breaches
• Analyze new or amended laws, rules and regulations to formulate practical solutions to industry-wide issues
• Evaluate compliance risks and assist in developing compliance action plans through the firm’s Compliance Risk Assessment

Qualifications

• Bachelor’s Degree
• 2 or more years Compliance, Legal, Regulatory or Financial Services industry experience
• Knowledge of rules and regulations governing broker-dealers, swap dealers, and other regulated financial services entities (SEC, CFTC, FINRA, NFA, NYSE, Nasdaq, CBOE, ISE, etc.)
• Regulatory experience within the Prime Services based businesses a plus
• Understanding of equities, fixed income and securities lending, market conventions preferred
• Excellent communications skills (oral and written) that demonstrate control-side empowerment
• Experience leading, managing, and participating in regulatory projects and business initiatives requiring compliance input.
• Proven ability to handle and prioritize multiple tasks simultaneously and work under pressure

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