Compliance Officer, Broker-Dealer Investment Banking

Texas Capital Bank•Dallas, TX

3d•Onsite

About The Position

Reporting to Chief Compliance Officer for TCBI Securities, Inc., the Compliance Officer serves as a senior strategic leader within the Investment Bank’s compliance function. We are seeking a highly experienced compliance professional who will operate with broad authority and autonomy across all investment banking business divisions and risk categories. The Compliance Officer acts as an independent, second line of defense (2LOD) compliance partner and is responsible for designing, developing, delivering and maintaining the firm’s overall compliance program. This includes the design and implementation of policies, procedures, monitoring controls, testing frameworks and remediation protocols across all business divisions and operational functions. Success in this role requires strategic thinking, regulatory acumen, demonstrated leadership ability and the capacity to operate independently while collaborating effectively across the organization. This individual will be expected to represent the firm to regulators, make independent business decisions regarding compliance exceptions and escalations, and establish the firm’s compliance culture and tone.

Requirements

Bachelor’s degree (preferred in Finance, Accounting, Business, or Analytics, Computer Science); or equivalent combination of education, training, experience
Minimum 7 years of progressive compliance experience within a broker/dealer operating as an affiliate, subsidiary or division of a bank and/or Registered Investment Advisor.
Deep, demonstrated knowledge of SEC and FINRA regulations, supervisory requirements and examination standards.
Proven experience implementing policies, controls and procedures in response to regulatory rules and expectations.
Significant experience with equity and/or derivatives trading surveillance, market abuse/manipulation detection, trade reporting and regulatory inquiry response.
Familiarity with surveillance tools and forensic analysis of trading data.
Specific experience with compliance challenges in FX, swaps, options and other OTC derivatives, including Dodd-Frank compliance, position management and regulatory reporting.
Experience responding to SEC and/or FINRA examinations, managing exam findings, preparing Corrective Action Plans and representing the firm to regulators.
Prior FINRA examination experience (as compliance professional or as examiner) is a strong plus.
Required: Series 24, 7, and 63.
Preferred additional: Series 3, 7, 57, and 53.
Juris Doctor (JD) with securities law specialization a plus.
Specific knowledge of risk management frameworks and corporate governance
Expert ability to analyze risk concentration areas, risk profiles, and risk data to comprehensively assess risk
Expert formal business writing skills to create procedures, manuals, and management reports
Advanced ability to interact, negotiate and influence at all levels throughout the organization
Strong attention to detail in a deadline-focused environment
Advanced analytical, critical thinking and problem-solving skills
Ability to identify potential risks and raise to appropriate levels
Ability to maintain confidentiality and instill trust within the organization
Advanced knowledge of financial rules and regulations
Ability to self-direct and manage competing priorities on concurrent large, complex projects, initiatives and deliverables
Strong technical proficiency in the use of MS Office products for reporting, data analytics, and presentations

Nice To Haves

Prior FINRA examination experience (as compliance professional or as examiner) is a strong plus.
Juris Doctor (JD) with securities law specialization a plus.
Preferred additional: Series 3, 7, 57, and 53.

Responsibilities

Shape the firm’s overall compliance program architecture, aligned with enterprise risk appetite and regulatory expectations.
Monitor and optimize control design, implementation and testing across all business units.
Exercise independent authority to approve or reject compliance exceptions; determine escalation thresholds; initiate investigations; and enforce compliance policies consistently and fairly across all business lines and personnel levels, including senior management.
Serve as primary relationship manager with SEC and FINRA examination teams.
Lead the firm’s response to regulatory inquiries, comment letters, and examination findings.
Prepare and present exam readiness materials.
Manage corrective action plans and oversight of remediation timelines.
Research, interpret and implement SEC Rules 17a-3, 17a-4, 15c3-1 and 15c3-3) and FINRA Rules 4530 Supervisory Obligations; 3120 and 3130 Supervisory Control System; 3110 Supervision and 2210 Communications with the Public).
Maintain current knowledge of rule changes and emerging regulatory expectations.
Update and synchronize written supervisory procedures, compliance manual, code of conduct, operational process documents and exception management policies.
Ensure policies reflect current regulations, firm practices and control testing results.
Coordinate the compliance and risk components of new product and services review processes.
Assess potential regulatory, reputational, operational and market risk.
Determine required pre-launch controls, surveillance mechanisms and compliance approvals.
Oversee surveillance for trading misconduct including market manipulation, fraud, layering, spoofing and wash sales.
Ensure trade reporting accuracy.
Review and challenge trading exception reports and escalations.
Develop and oversee surveillance for foreign exchange, swaps, commodities and OTC derivatives transactions, including position limits, counterparty risk acknowledgments and regulatory reporting.
Ensure compliance with Dodd-Frank derivatives regulations and SRO requirements.
Monitor equity research independence, timeliness of disclosures, pre-publication review, conflicts of interest disclosure and fair allocation policies.
Certify effectiveness of controls.
Remediate control deficiencies and track testing results.
Direct investigations into potential compliance violations, trading misconduct and regulatory breaches.
Document findings and determine appropriate escalation, discipline or regulatory disclosure.
Develop and deliver Firm Element Continuing Education content to Associated Persons.
Oversee tracking of Regulatory and Firm Element training completion.
Ensure training covers key risk areas and regulatory updates.
Interact directly with SEC and FINRA examination teams, law enforcement and other regulators.
Respond to regulatory inquiries, prepare comment letters and maintain appropriate documentation of regulatory communications.
Issue compliance advisories and guidance to business divisions on new regulatory requirements, exam findings, market trends and internal policy updates.
Collaborate with Internal Audit (3LOD) on audit scopes, control assessments and remediation tracking.
Ensure compliance-related audit findings are addressed timely.
Partner with enterprise risk, business partners and technology to operationalize risk management frameworks consistent with the firm’s risk appetite statement.
Serve as 2LOD subject matter expert on compliance and regulatory risk.
Review and provide independent, rigorous challenge to risk assessments, risk appetite statements, business plans and control design materials.