Financial Crimes - Vp

The individual will help preserve the firm's reputation for integrity by ensuring the firm operates under the appropriate regulatory policies, rules, standards, and procedures, and ensure updates are implemented. The individual will sit within the Financial Crimes Unit and provide real time advice to the business unit and monitor business activities for adherence to both firm and regulatory BSA/AML and OFAC requirements. Other requirements may be as follows:

• Advising on a new product introduction
• Advise on the specific AML and OFAC risks associated with securities products and transactions
• Review securities transaction reports in the SAP system from an AML surveillance perspective
• Review assigned electronic communication reports in the firm's Global Relay system
• Stay up to date on 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
• Notify senior leadership in advance of emerging regulatory and compliance issues
• Draft and maintain compliance policies and procedures and notices as well as written supervisory procedures
• Seek improvement opportunities and efficiencies in compliance oversight reporting as well as control structure within business systems and processes
• Establish guidelines for the development of systems to resolve identified issues
• Create regular reporting of key metrics and escalation of issues identified during regular monitoring and testing activities to Chief Compliance Officer and relevant management
• Assist with regulatory inquiries and examinations as needed, as well as internal compliance testing and audits and support the drafting of responses to these requests for information
• Participate in annual compliance risk assessment and annual compliance planning to identify and resolve control gaps
• Provide guidance and advisory services in new product approval process
• On-board institutional clients and counterparties, including KYC and annual account maintenance.
• Assist with the draft and maintenance of institutional client policies and account disclosures.
• Maintain and update the Firm's database of existing institutional clients and prospective clients.
• Perform daily and routine surveillance reviews involving the Firm's trading activity and regulatory requirements.
• Identify regulatory trends and developments, advise the business on how such trends and developments may impact their current activities, and work with the business to implement any required changes to current policy or practices.
• Work with the Compliance Surveillance and Testing teams to create/enhance surveillance, monitoring, and testing processes.
• Leading key projects and strategic initiatives relating to regulations/rules for specific products or business services.
• In depth knowledge of the Futures, FX and OTC Derivatives business.
• Familiarity with financial services rules and regulations and ability to analyze and assess new rules and regulations.
• Ability to lead special projects and strategic initiatives.
• Work independently and to multi-task with minimal supervision.
  

Qualifications

• 8-10+ years' experience in an investment bank compliance environment (preferably securities group focus); overseeing key risk indicators and/or regulatory risk monitoring program
• Bachelor's degree required; Master's degree or JD a plus
• our client Registered
• Knowledge of operational risk, business operations, and processes and systems controls across a variety of complex financial services related businesses
• Experience in building/designing a control infrastructure through policies, procedures, guidance documents, and training development
• Experience with AML and KYC systems (e.g., Refinitiv, LexisNexis, Fenergo, Fircosoft, Prime, etc.)
• Strong organizational skills, attention to detail, and adherence to strict deadlines in a fast-paced environment
• Ability to effectively multitask and successfully work on several unrelated projects at the same time
• Motivated self-starter and team player with a high level of maturity, excellent people and project management skills and ability to function in an entrepreneurial atmosphere with limited supervision