Fixed Income Compliance Officer

BGC Partners • New York, NY

303d • $100,000 - $110,000 • Hybrid

About The Position

Cantor Fitzgerald L.P. is seeking a Fixed Income Compliance Officer to provide real-time advice and guidance to the trading and sales force on regulatory implications of daily activity. The role involves drafting and updating firm policies and procedures, performing testing of these policies, and regularly updating written supervisory procedures. The officer will also draft memoranda on regulatory matters for internal distribution, conduct compliance training for new and existing regulations, and monitor TRACE and MSRB reporting in real-time while circulating performance metrics. Additionally, the officer will conduct electronic communications surveillance, trade reconstructions, and draft responses to fixed income-related regulatory inquiries and internal audits. On-site branch office inspections and ad hoc investigations will also be part of the responsibilities.

Requirements

• 2 to 7 years of experience working in fixed income compliance function of a FINRA registered broker dealer.
• Experience with broker-dealer trading and back-office systems, including Bloomberg Trade Order Management System (TOMS).
• Knowledge of SEC, FINRA, and MSRB regulations applicable to fixed income products, sales and trading.
• Experience with fixed income trade surveillance.
• Working knowledge of major fixed income regulatory topics, including but not limited to trade reporting, markups and markdowns, institutional suitability, Municipal Advisor Rule and communications with the public.
• Familiarity with regulatory initiatives, including best execution, fair pricing, 15c3-5, front running, and debt research.
• Experience with structured products, MBS, private debt offerings a plus.

Nice To Haves

• Law degree a plus.
• Series 24 and 53 licenses a plus.

Responsibilities

• Provide real-time advice and guidance to trading and sales force on regulatory implications of daily activity.
• Draft/update Firm policies and procedures; perform testing of policies and procedures.
• Regularly update written supervisory procedures.
• Draft memoranda on regulatory matters to be distributed internally.
• Conduct compliance training for new and existing regulations and firm policies.
• Monitor TRACE and MSRB reporting in real-time and circulate performance metrics.
• Conduct electronic communications surveillance and trade reconstructions.
• Draft responses to fixed income-related regulatory inquiries and internal audits.
• Perform on-site branch office inspections and ad hoc investigations.

Benefits

• Competitive salary range of $100,000 - $110,000.
• Discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
• Hybrid working model with three days office-based and two days remote.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees