Compliance & Operational Risk Manager

Genesis10•New York, NY

10h

About The Position

Genesis10 is seeking a Compliance & Operational Risk Manager for a direct-hire opportunity with a global financial institution in New York, NY. The role executes second-line-of-defense compliance and operational risk oversight for a Front Line Unit, Control Function, and/or third parties. It ensures that the Global Compliance Enterprise Policy and Operational Risk Management Enterprise Policy are implemented, and that risks are identified, challenged, escalated, and mitigated in a timely manner. The manager provides independent oversight and practical regulatory guidance, supports the Global Credit Front-Line Unit on applicable products, markets, venues, and requirements, and works with internal partners and regional risk teams. The role also contributes to regulatory response, investigations, policies, monitoring and testing, training, and reviews of business initiatives and potentially problematic activity.

Requirements

At least seven years of relevant experience.
May require regulatory examination, registration, or certification, depending on jurisdiction and role.
Strong knowledge of fixed income markets, including swaps and derivatives products and services.
Excellent interpersonal and communication skills, including strong verbal and written communication, and confidence presenting.
High attention to detail, diligence, and conscientiousness.
Ability to work in a dynamic, fast-paced trading floor environment.

Nice To Haves

Bachelor's degree in a related field.
Experience in financial services or a similarly regulated sector.
Strong experience handling regulator and exchange inquiries and examinations.
Strong understanding of market misconduct laws, rules, and regulations, and applicable surveillance controls.
Strong understanding of SEC and CFTC rules and regulations.
Operational Risk Management experience, preferably with fixed income product knowledge.

Responsibilities

Assess risks and the effectiveness of Front Line Unit processes and controls for compliance with applicable laws, rules, and regulations, and respond to regulatory inquiries, audits, and examinations.
Provide independent compliance and operational risk oversight of Front Line Unit or Control Function performance and related third-party/vendor relationships.
Identify and escalate issues, and drive action to address root causes of compliance risk issues and operational risk losses.
Manage inventories of processes, risks, controls, and related risk appetite and limit metrics; report violations involving compliance or regulatory activities.
Assist in developing independent risk management reporting for covered areas as input to country and regional governance and management routines.
Analyze and interpret applicable laws, rules, and regulations, provide practical advice to stakeholders, and identify and manage risks.
Review and challenge Front Line Unit and Control Function processes, risks, Single Process Inventory, and Risk and Control Self-Assessments for themes and trends; monitor regulatory changes relevant to covered areas.
Provide real-time support to the Global Credit Front-Line Unit regarding product, market, venue, and other relevant legal and regulatory requirements.
Develop effective working relationships with Front Line Unit personnel and internal departments, including Legal, Operations, Financial Crimes Compliance, and Regulatory Reporting.
Assist with responses to and coordination of regulatory inquiries.
Participate in review and challenge of business activities under the firm's Global Compliance and Operational Risk Program.
Participate as required in internal investigations into potential breaches of regulatory or venue requirements or Firm policy.
Participate as required in departmental initiatives concerning regulatory or market developments and their impact on the firm's business and support groups.
Assist with reviews of new business initiatives, including non-standard transactions.
Review and assess activity escalated through Enterprise Independent Testing surveillance or directly by the Front Line Unit for potential market misconduct.
Work with regional Compliance and Operational Risk teams to promote consistency and best practices.
Review and update Compliance and Operational Risk policies to ensure consistency with global and local regulatory practices.
Assist with developing new or updating existing monitoring and testing items for the Compliance and Operational Risk Program, locally and globally.
Assist with developing and delivering face-to-face and online Compliance and Operational Risk training.
Keep abreast of regulatory changes and developments.