Compliance, GBM Public - Electronic Trading Compliance, Vice President, New York

RESPONSIBILITIES

The role challenges the individuals to become subject matter experts in electronic trading activities (including algorithms) across asset classes and markets; to understand business and regulatory concerns and devise control mechanisms to improve our control structure; and review and oversee an appropriate governance framework within the program. This role requires the individual to be self-motivated, an excellent communicator, a consensus builder and able to apply sound judgment to drive solutions.

This individual’s responsibilities will include

• Provide subject matter expertise on governance of market conduct, operational and regulatory risk related to algorithmic and other electronic trading activities
• Perform risk-based assessments of electronic trading activities as it relates to market access 
• Perform risk-based assessment of algorithmic trading logic as it relates to regulatory risk
• Advance governance and control frameworks to manage risks in electronic trading 
• Collaborate with business, legal and compliance colleagues globally to implement governance and controls
• Evaluate risks and provide compliance advice to business personnel with regards to the rules, regulations, internal policies and appropriate risk mitigation mechanisms
• Track and manage pipeline for compliance reviews
• Actively monitor regulatory developments and trends, and assist with the interpretation and implementation of new rules/regulations and related controls
• Coordinate responses to regulatory reviews and inquiries
• Help develop and deliver training as part of ongoing Compliance training program                                                     

A successful individual will bring deep expertise in electronic trading with knowledge of market structure. The candidate must demonstrate high level of initiative, ability to effectively probe and analyze complex situations, and apply sound judgment to resolve issues in a timely manner with minimal supervision.

SKILLS / EXPERIENCE

• An undergraduate degree is required
• Knowledge of broker-dealer regulatory compliance including FINRA, NYSE and SEC regulations
• At least 3 or more years of relevant work experience preferably in risk management, electronic trading product management or trading technology
• Background in Financial Engineering, Computer Science, Engineering, or similar degree is a plus, but not required
• Background in Equities and/or Compliance considerations with trading algorithms is a plus, but not required
• Strong written and verbal communication skills and an ability to work well under the pressures of trading environment
• Ability to engage with senior management across a range of functions
• Ability to work independently and apply judgment to resolve issues in a timely manner