Summary

As a Director in the Global Markets Regulatory Compliance (“GMRC”) Advisory team at CACIB, you will play a critical role in advising internal stakeholders on the implementation and development of compliance requirements set forth by the SEC for security-based swap dealer and CFTC and NFA for the swap dealer. This position is integral to enhancing the overall swap dealer program and implementing the security-based swap dealer program. You will engage with Global Markets Division as well as collaborate with Legal, Operations, Risk, IT, Finance and IGE stakeholders. In this role, you will be responsible for implementing security-based swap dealer compliance program, advising enhancements to the swap dealer compliance programs, assisting in responding to regulatory inquiries, audits, examinations and investigations. Your expertise in SEC, CFTC and NFA swap regulations will be essential in establishing the security-based swap dealer compliance program and assisting the Bank in meeting its regulatory obligations.

Key Responsibilities:

·       Responsible for the ongoing development, implementation and refinement of a comprehensive security-based swap dealer compliance program.

·       Coordinate compliance regulatory examinations and participate in the coordination of response to these examinations.

·       Maintain policies and procedures to reasonably ensure compliance with applicable regulatory requirements.

·       Communicate new regulatory requirements simply and efficiently to affected business and other functions/stakeholders to ensure compliance.

·       Assess the inherent risk of business units as well as the effectiveness of mitigating controls in order to minimize the residual risk of reputational damage, regulatory consequences and other operational risk through a surveillance and monitoring program.

·       Design, implement and maintain Compliance systems to ensure consistency in achieving industry best practices and in minimizing regulatory risk.

·       Provide advice on relevant regulations and internal policies and procedures to internal stakeholders including trading and sales personnel and key support functions.

·      Evaluate new products and activities to ensure compliance issues are identified and remediated.

·       Support the CCO in administering his/her duties to overseeing the Bank’s security-based swap dealer and swap dealer compliance program.

·       Contribute to the preparation of the annual CCO report exercise

Key Internal contacts

o    All GMD business units;

o    Legal department;

o    Audit department;

o    Risk departments; and

o    Operations departments.

Key External contacts

The Firm’s regulators, including but not limited to SEC, NFA, and CFTC. 

Salary Range: $180k - $220k

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Bachelors Required

JD preferred. 

8+ years prior compliance advisory experience, including interaction with US regulators.

Experience in managing a small team of compliance officers

NFA SPR (or ability to complete upon employment)

·       In-depth knowledge of the U.S. regulatory system in general and specifically knowledge of SEC, CFTC and NFA rules and regulations applicable to OTC derivatives.  

·       Knowledge of Capital Markets swap products and offerings, policies and procedures and business culture to reconcile regulatory needs with specific product and deliver channel needs.

·       Judgement in handling complex and highly confidential matters with unquestionable character, integrity and professionalism.

·       Capability to drive consensus and, where appropriate, to take a firm position even in the absence of broad-based support.

·       Analytical knowledge of complex products, issues and people and the mix of those, and the operational, financial, systemic and risk management processes around such products and offerings.

·       A mastery of applicable CFTC and NFA rules and regulations; exceptional reasoning and analysis skills; attention to detail; strong oral and written skills, resourcefulness, among other abilities.

·       Proficiency in Excel, PowerPoint, and Microsoft Office.

Working knowledge of all Capital Markets products, including Foreign Exchange, Interest Rate Derivatives, and Fixed Income Securities.