Equity and Fixed Income Research Compliance Coverage
Location: New York, New York
Type: Full Time
Internal Number: 3223912
Research Compliance provides timely advice to the business unit and monitors business activities for adherence to both Firm and regulatory requirements. The team monitors new rules and regulations and industry standards and maintains written policies and procedures. We devise an annual compliance program and conduct and coordinate monitoring, testing and training for the business.
The Compliance Coverage Professional will support Americas Research Compliance professionals and other first line control functions, including Business Unit Risk Management. The role will focus on providing compliance advice to the Equity and Fixed Income Research. This role will require some dedicated time physically located with the business.
Advise Research Department pursuant to U.S. Research regulations including Global Research Settlement, and SEC, FINRA regulations and CFTC Research Conflicts of Interest Rules and other relevant regulations applicable to the Research
Communicate with Research supervisors, analysts, and infrastructure personnel to assess risk and remediate issues and coordinate with Research Legal and Research Risk Management as appropriate.
Coordinate with Legal and Compliance coverage across businesses with respect to Research matters.
Coordinate with Research Legal and Compliance coverage across regions. Actively monitor regulatory developments and trends and take appropriate action to ensure the business unit complies with new or amended regulations.
Design and deliver applicable training for business unit personnel, including analysts, Supervisory Analysts, infrastructure personnel and supervisors.
Draft and maintain Compliance policies and procedures.
Perform the monitoring, testing and surveillance of Research-related regulations and assist in the development and completion of additions to the program based on new business, regulation or anticipated regulatory focus.
Participate in New Product Approval process, review new product, establish guidelines surrounding the approval of each initiative.
Assist in regulatory inquiries, internal audits, other examinations.
Interact with Risk Management to ensure business processes remain compliant with Firm and Department policies and industry regulation.
Develop, enhance, and coordinate oversight metrics for supervisors.
Participate in additional projects as appropriate.
Bachelor's degree required; JD a plus but not required
Seven to ten years of compliance or equivalent experience, preferably supporting Research
Experience interpreting and advising on U.S. Research regulations including Global
Research Settlement, and SEC, FINRA regulations and CFTC Research Conflicts of
Interest Rules and other relevant regulations applicable to the Research function
An understanding of the relevant research regulations in other regions, in particular LATAM, EMEA and Hong Kong
A good understanding of the role of Investment Research and the inherent conflicts associated with Research, Information Barriers, and concepts related to sensitive and material non-public information
A strong understanding of equity and fixed income products
FINRA licenses including the series 86 and 87 beneficial but not required
Strong written and oral communication skills with ability to effectively communicate with business professionals, risk managers and supervisors
Strong analytical skills, well organized, energetic and able to juggle multiple projects and assignments
Team player who works well with others at all levels
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