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Equities Compliance and Operational Risk - Sales and Trading

New York, New York

Job Description:

The Compliance and Operational Risk (C&OR) Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function (“FLU/CF”) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs). As a member of an FLU or CF C&OR officer team, the C&OR Manager is accountable for proactive identification, management and escalation of compliance and operational risks through the execution of some or all of the below identified activities. 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 proactively engages with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries.

The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. This role may contribute as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team, or may act as an individual contributor.

The C&OR Manager contributes to the requirements of the CORM Program requirements including, but not limited to the following activities:

  • 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 related to Equities Sales and Trading:
  • Proactively engages other C&OR officers, Enterprise Areas of Coverage (EAC) roles, and horizontal function roles to provide comprehensive oversight of FLU activities.
  • Owns and updates the relevant C&OR Policies, working with the relevant stakeholders to update regularly. 
  • Provides guidance to the FLU on regulatory requirements..
  • Reviews and responds to regulatory inquiries.
  • 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 processes and controls so that their day-to-day activities operate in a compliant manner.
  • Conducts targeted and risk assessments of the Sales and Trading FLUs, incorporating review of external loss events to assess control effectiveness.
  • Provides independent review and challenge of the FLU’s Risk & Control Self-Assessment (RCSA).
  • Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics.
  • Monitors and tests the effectiveness of the FLU compliance and operational risk controls.
  • Identifies, aggregates, reports, and escalates compliance and operational risks, issues and control enhancements.
  • Executes and/or provides oversight of governance and management routines.
  • Identifies compliance and operational risk training needs and provides subject matter expertise to support development of training curriculum.
  • Provides consultation to business leaders in preparation for regulatory exams and audits.
  • Inspects that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.
  • Escalates regulatory-related concerns and other issues to the C&OR Executive.

Required Skills and Experience:

  • 8-10 years working in Sales and Trading, Equities, or relevant compliance risk management experience;
  • Knowledge of equities market structure;
  • Understanding of trade processing systems, technology, and /or infrastructure;
  • Risk management skills / experience;
  • Has knowledge of laws, rules, and regulations applicable to Sales and Trading;
  • Has experience building or having input into the creation of surveillance reports and testing models;
  • Has first-hand experience in the area of risk assessment and policy creation for Sales and Trading or a similar business;
  • Detail-oriented and ability to work in a fast-paced environment and under pressure;
  • Is able to independently lead projects and drive change with senior business and Risk Management teams
  • Bachelor’s Degree or equivalent experience


Desired Skills and Experience:

  • Financial Services or similarly regulated sector
  • May require regulatory examination/registration or certification depending on jurisdiction and role

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Compliance and Operational Risk (C&OR) Manager is responsible for engaging in activities to provide independent compliance and operational risk oversight of Front Line Unit or Control Function (“FLU/CF”) performance and any related third party/vendor relationships in alignment with the Global Compliance - Enterprise Policy, the Operational Risk Management - Enterprise Policy (collectively “the Policies”) and the Compliance and Operational Risk Management (“CORM”) Program and Standard Operating Procedures (SOPs). As a member of an FLU or CF C&OR officer team, the C&OR Manager is accountable for proactive identification, management and escalation of compliance and operational risks through the execution of some or all of the below identified activities. 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 proactively engages with other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The C&OR Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries.

The C&OR Manager plans, drives and reviews team deliverables to support consistent quality of activities, processes and outputs. This role may contribute as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team, or may act as an individual contributor.

The C&OR Manager contributes to the requirements of the CORM Program requirements including, but not limited to the following activities:

  • 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 related to Equities Sales and Trading:
  • Proactively engages other C&OR officers, Enterprise Areas of Coverage (EAC) roles, and horizontal function roles to provide comprehensive oversight of FLU activities.
  • Owns and updates the relevant C&OR Policies, working with the relevant stakeholders to update regularly. 
  • Provides guidance to the FLU on regulatory requirements..
  • Reviews and responds to regulatory inquiries.
  • 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 processes and controls so that their day-to-day activities operate in a compliant manner.
  • Conducts targeted and risk assessments of the Sales and Trading FLUs, incorporating review of external loss events to assess control effectiveness.
  • Provides independent review and challenge of the FLU’s Risk & Control Self-Assessment (RCSA).
  • Leads the efforts and/or contributes to monitoring and testing coverage plans and related metrics.
  • Monitors and tests the effectiveness of the FLU compliance and operational risk controls.
  • Identifies, aggregates, reports, and escalates compliance and operational risks, issues and control enhancements.
  • Executes and/or provides oversight of governance and management routines.
  • Identifies compliance and operational risk training needs and provides subject matter expertise to support development of training curriculum.
  • Provides consultation to business leaders in preparation for regulatory exams and audits.
  • Inspects that commitments made regarding actions in response to Matters Requiring Attention (“MRAs”) and other actions are completed.
  • Escalates regulatory-related concerns and other issues to the C&OR Executive.

Required Skills and Experience:

  • 8-10 years working in Sales and Trading, Equities, or relevant compliance risk management experience;
  • Knowledge of equities market structure;
  • Understanding of trade processing systems, technology, and /or infrastructure;
  • Risk management skills / experience;
  • Has knowledge of laws, rules, and regulations applicable to Sales and Trading;
  • Has experience building or having input into the creation of surveillance reports and testing models;
  • Has first-hand experience in the area of risk assessment and policy creation for Sales and Trading or a similar business;
  • Detail-oriented and ability to work in a fast-paced environment and under pressure;
  • Is able to independently lead projects and drive change with senior business and Risk Management teams
  • Bachelor’s Degree or equivalent experience


Desired Skills and Experience:

  • Financial Services or similarly regulated sector
  • May require regulatory examination/registration or certification depending on jurisdiction and role

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21026330

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Aubrey Drake

Referral Bonus:

0

Street Address

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