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FICC Electronic Trading Compliance & Ops Risk Manager

New York, New York

Job Description:

The Fixed Income, Currencies and Commodities (“FICC”) Electronic Trading Compliance and Operational Risk (“C&OR”) Manager is responsible for providing independent compliance and operational risk oversight of Front Line Unit (“FLU”) and Control Function (“CF”) performance and any related third party/vendor relationships in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs). The C&OR Manager demonstrates and applies business acumen to promote a culture of risk management and the identification, escalation and timely mitigation of compliance and operational risks. This role exercises judgment and influence, and may constructively challenge FLU and CF leaders to support the CORM Program objectives, balancing business strategy with appropriate controls

  • The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. Requirements for the C&OR Manger include:
  • Experience covering a fixed income electronic trading business and has familiarity with the work flows, tools, services, marketing and other offerings of such businesses;
  • Knowledge of fixed income market structure and electronic trading dynamics, including data management and workflows;
  • Understanding of trade processing systems, technology, and /or structure;
  • Quantitative and/or risk management skills and experience;
  • Knowledge of laws, rules and regulation (“LRRs”) applicable to order creation and capture, routing, execution and post trade activities and the order management systems and platform infrastructures that support them across FICC markets nad platforms;
  • Experience in the compliance coverage of an internal SEC-registered Alternative Trading System(s) or electronic trading venues.
  • Ability to dispense expert compliance and operational risk guidance with respect to the creation of and changes to trading algorithms and direct execution paths working within an Electronic Trading infrastructure;
  • Experience building or having primary input into to the creation of surveillance reports and testing models for use in the area of Electronic Trading order and execution flows
    Has first-hand experience in the area of compliance risk assessment and policy creation across all aspects of electronic trading;
  • Able to independently lead projects and drive change with Senior Business and Risk Management teams
  • Experience in building broad compliance programs in the area of electronic trading; and
  • 8-10 years working in same arena or relevant risk management experience.

The C&OR Manager contributes to the requirements in the GCOR Policy aligned to compliance and operational risk officers, including but not limited to the following activities:

  • Takes an active leadership role in maintaining and communicating regulatory changes, advising and directing business leaders to ensure that regulatory requirements are addressed in their respective process and controls so that their day-to-day activities operate in a compliant manner;
  • Proactively engages other C&OR officers, Enterprise Areas of Coverage (EAC) roles, and horizontal function roles to provide comprehensive oversight of FLU and CF activities;
  • Identify, collect, validate and record internal loss events and “near misses” and perform root cause analyses on internal loss events and develop remediation plans to strengthen controls;
  • Conduct compliance and operational risk assessments of FLU and CF, incorporating review of external loss events to assess control effectiveness;
  • Provides independent review and challenge of the FLU/CF’s Risk & Control Self-Assessment (“RCSA”);
  • Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics for FLU or CF);
  • Monitor and test the effectiveness of the FLU and CF compliance and operational risk controls;
  • Identify aggregate, report and escalate compliance and operational risks, issues and control enhancements;
  • Contribute to scenario analyses to provide a forward-looking estimate of hypothetical operational losses;
  • Executes and/or provides oversight of governance and management routines;
  • Identify compliance and operational risk training needs, provide subject matter expertise to support development of training curriculum, and inspect FLU/CF and third party participation;
  • Provides consultation to business leaders in preparations for regulatory exams and audits for FLU/CF and related EAC;
  • Inspect that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed; and
  • Escalate regulatory relations concerns to Compliance and Operational Risk Executive.

Required skills:
Minimum Years Business & Functional Experience: 8 Years
Degree Required: Bachelor’s Degree or equivalent experience; May require FINRA registration, Series 7, 14, 24, as indicated by job code

Desired skills:
- Financial Services or similarly regulated sector


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: No


Talent Acquisition Contact:

Referral Bonus:

Check out the New York City office

Located in midtown Manhattan, we’re right across from Bryant Park and a short walk to Times Square, Broadway theaters, Grand Central Station, excellent shops and world-class restaurants.

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Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036