Swap Dealer Compliance, Vice President

About the role

The Compliance Officer will advise internal stakeholders on implementation and development of SEC, CFTC, and NFA swaps requirements. Key responsibilities include leading the development of compliance program elements such as policies and procedures, training, risk assessments, issues management, governance, and management reporting. The role also involves assisting in remediating noncompliance matters and engaging with various stakeholders including the business, Compliance, Legal, Operations, Enterprise Risk Management, Finance, and Audit.

Responsibilities

• Administer relevant policies and procedures for the Swap Dealer and Security-Based Swap Dealer Compliance Program
• Take reasonable steps to ensure compliance with SEC, CFTC, and NFA regulatory requirements
• Prepare the Annual Compliance Report
• Provide coverage of senior management meetings
• Act as subject matter expert for all matters relating to the Swap Dealer
• Participate in the preparation and timely filing of various swap dealer reports
• Monitor and analyze proposed and final rules promulgated by U.S. financial regulators
• Assess the impact of new rules and regulations on existing policies
• Respond to regulatory inquiries, audits, examinations, and investigations
• Develop training for Associated Persons to educate employees on their obligations and expected behaviors
• Serve as an escalation point and coordinate remediation of non-compliance issues
• Periodically assess the effectiveness of relevant SEC, CFTC, and NFA rules
• Develop monitoring and testing to review and challenge controls and implement obligations with Compliance and business teams
• Work with Audit on ongoing reviews

Requirements

Knowledge of SEC Security-Based Swap Dealer, CFTC, and NFA swap dealer regulations is required. Experience in a Swap Dealer Compliance office position or similar role in Compliance/Legal or Risk departments covering above-referenced regulations is preferred. Must have 5+ years of relevant experience and 5-10 years of financial services experience with a broker-dealer, swap dealer, and/or related legal or regulatory experience. Working knowledge of Volcker Rule requirements and experience overseeing a Volcker Rule compliance program is beneficial. Extensive knowledge of financial services products, markets, laws, rules, and regulations relevant to OTC derivatives, Equity Derivatives, FX, swaps, Interest rate swaps, futures, and options is required. Proficiency in Excel, PowerPoint, and Microsoft Office is necessary.

Qualifications

• JD or MBA, with preference to Business or Finance majors
• Strong interpersonal skills and ability to manage processes and drive change and accountability with key internal stakeholders
• Effective communicator with senior stakeholders both verbally and written
• Exceptional attention to detail and strong analytical skills

Skills

• Ability to understand compliance issues involved with the State Street Markets Business, swaps, and security-based swap regulation
• Experience writing and implementing policies and procedures, management information, and reports
• Experience with monitoring and testing compliance programs

Benefits

State Street offers a comprehensive benefits program including a retirement savings plan (401K) with company match, insurance coverage, paid-time off, an Employee Assistance Program, incentive compensation, and eligibility for certain tax advantaged savings plans. For a full overview, visit StateStreet.com/careers.