Compliance Director – Equity Sales & Trading

Key Responsibilities

• Provide real-time compliance guidance to Equity Sales & Trading desks regarding regulatory requirements and firm policies.
• Stay abreast of the local and global regulatory environment and work closely with other Legal and Compliance leads to ensure the firm’s adherence to pertinent securities laws and regulations.
• Monitor and advise on rules related to Regulation SHO, Regulation NMS, Rule 15c3-5 (Market Access Rule), and FINRA Rule 2111 (Suitability).
• Partner with Equity Supervision to maintain robust surveillance programs to detect potential market abuse, including insider trading, wash sales, marking the close, and other manipulative trading practices.
• Oversee the review of electronic communications (e-comms) and trade exception reports to ensure adherence to firm and regulatory standards.
• Perform supervisory control testing of order handling, execution, and trade reporting requirements (i.e. Reg SHO, NMS, CAT, OATS, Rule 606, etc.).
• Coincide with Equity Supervision to coordinate and update policies, procedures, processes, and relevant reviews to align with business needs and applicable rules and regulations.
• Draft, update, and maintain the firm’s Written Supervisory Procedures (WSPs) and Compliance Manuals relevant to Equity Sales Trading.
• Develop and deliver targeted compliance training programs to front-office personnel regarding regulatory updates, conflicts of interest, and ethical trading practices.
• Act as a primary point of contact for regulatory inquiries, examinations, and investigations (SEC, FINRA, etc.).
• Lead risk assessments, identifying control gaps and driving the remediation of issues identified in partnership with internal audit, exam staff, supervision team members, business partners, and through compliance supervisor control testing activities.

Qualifications

• Bachelor’s degree.
• 10+ years of relevant experience.
• Series 4, 7, 24, 57, 63 securities licenses or ability to obtain within 12 months.
• Strong understanding of SEC and FINRA rules, specifically those governing institutional equity sales & trading.
• Experience with trade surveillance systems and data analytics tools.
• Exceptional communication skills, with the ability to translate complex regulatory requirements into actionable business advice in oral and written form.
• You must be willing to be in the office for a minimum of 3 days per week.
• You must be work authorized in the United States on a full-time basis without the need for employer sponsorship now or in the future.

Pay

The anticipated starting salary range for individuals expressing interest in this position is $150,000 - $200,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.