Compliance Officer, Swap Dealer

FalconX•New York, NY

2d•$132,000 - $167,000•Remote

About The Position

The Compliance Officer for the Swap Dealer & Security-Based Swap Dealer is responsible for ensuring that the organization adheres to all regulatory requirements and industry standards related to swap dealing activities in swaps and security-based swaps. This role involves developing and implementing compliance strategies, conducting risk assessments, and fostering a culture of integrity and ethical conduct within the swap dealer operations.

Requirements

Bachelor’s degree in Law, Business Administration, Finance, or a related field.
Minimum of 5-8 years of experience in compliance, legal, or a related field within a swap dealer or financial services environment.
In-depth knowledge of swap dealer regulations, including the Dodd-Frank Act, CFTC and SEC regulations and NFA rules.
Experience in derivatives trading or a similar regulated industry is highly desirable.
Strong analytical and problem-solving skills.
Excellent communication and interpersonal skills.
Ability to manage multiple projects and meet deadlines.
Proficiency in compliance software and tools.
High ethical standards and integrity.
Detail-oriented with strong organizational skills.
Ability to work independently and as part of a team.
Proactive and adaptable to change.

Nice To Haves

A Master’s degree or professional certification is a plus.

Responsibilities

Ensure compliance with relevant regulations such as the Dodd-Frank Act, Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) regulations, National Futures Association (NFA) rules, and other applicable laws governing swap dealers.
Develop, review, and update compliance policies and procedures specific to swap dealing activities to ensure they reflect current legal and regulatory requirements.
Conduct regular risk assessments focused on swap dealing operations to identify potential compliance risks and develop mitigation strategies.
Design specialized compliance training programs for employees involved in swap dealing to promote awareness and understanding of compliance obligations.
Assist with compliance monitoring and auditing/testing processes specific to swap transactions to ensure adherence to policies and procedures.
Prepare and present detailed compliance reports related to swap dealing activities for senior management and the board of directors. Maintain accurate records of compliance activities and investigations.
Lead investigations into compliance violations or breaches within the swap dealer operations and recommend corrective actions. Collaborate with legal and other departments as necessary.
Build and maintain relationships with key stakeholders to facilitate compliance efforts.
Identify opportunities for process improvements and implement best practices in compliance management specific to swap dealing.