The position is for a Fixed Income Compliance Director within Citi's Institutional Client Group (ICG) Markets Advisory Compliance supporting Credit and Capital Markets Origination. Candidate must have strong working knowledge of fixed income products, loans, securities, and derivatives. The position provides direct Compliance coverage of multiple Fixed Income Sales and Trading Desks. Primary responsibilities include day-to-day compliance advice relating to trading, sales, suitability, new product reviews, best practices and guidance on fixed income regulatory rules/laws. The applicable trading desks may trade various fixed income products, including, but not limited to, high grade, high yield and distressed corporate debt, loans, CDOs and other credit derivatives, and international/emerging market bonds.
The Following Are Additional Job Responsibilities Associated With The Position
Compliance coverage of fixed income trading desks, requiring the Senior Compliance Officer to provide compliance guidance on fixed income rules and regulations relating to trading, pricing, operational issues, transactional approvals and the application of internal compliance policies for day-to-day activities;
Working collaboratively on implementation and maintenance of Dodd-Frank and Volcker rules;
Drafting of compliance policies and procedures;
Handling of regulatory inquiries and/or examinations. This may include close coordination with Regulators including, but not limited to, FINRA, SEC, OCC, Treasury, Federal Reserve, FDIC;
Collaborating with other internal areas including: Legal, Middle-Office, Business Management, Operations, Technology, Control Units, In-Business Risk and Market Surveillance to address compliance issues which may impact the fixed income business;
Supporting the business in performing timely compliance reviews of new transactions, products and/or methods for effectuating trading;
Managing Compliance initiatives as required, such as the implementation of new Compliance systems, controls, and related project management work efforts;
Must have the ability to mentor and develop junior staff;
Assisting in the development and administration of Compliance training for the fixed income business;
Researching new securities rules as promulgated which must be adopted by the Firm and working to establish Compliance policies, procedures and controls to comply with these new rules.
Qualifications
Bachelor's degree required, advanced degree including an MBA, CFA or JD preferred;
10 + years of relevant experience;
FINRA registrations (E.g. Series 7, 63, 24) also desirable;
Strong knowledge and work experience relating to fixed income markets (including OTC trading and SEFs), and fixed income products, securities and derivatives;
Significant knowledge and work experience with Regulatory rules (e.g., SEC, CFTC, Fed and FINRA) associated with fixed income securities including Dodd-Frank and Volcker;
Working knowledge of bank regulatory rules/regulations touching on broker-dealer activities (E.g., Reg. W, Reg. R), and familiarity with booking of various fixed income products on bank-chain.
Ability to work closely with both Compliance and Business senior management in handling time sensitive deliverables;
Background in Capital Market operations and experience with fixed-income trading desks a plus;
Excellent oral and written communication skills;
Ability to articulate complex securities rules in written policies and procedures;
Qualified candidates must have the ability to think critically and be responsive to time-sensitive needs of the fixed income businesses requiring compliance guidance;
Candidates must work collaboratively with the businesses they support, providing compliance guidance and administering Compliance policies/procedures as needed in a timely manner.
Primary Location: United States,New York,New York
Education: Bachelor's Degree
Job Function: Compliance and Control
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