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CIBC · 3 months ago

Director (VP Level), Regulatory Supervision

New York, NY

Full-time

Onsite

Mid, Senior Level

$200K/yr - $200K/yr

5+ years exp

CIBC is building a relationship-oriented bank for the modern world, seeking talented professionals dedicated to client service. The Director of Regulatory Supervision will oversee U.S. sales and trading desks, ensuring compliance with regulatory requirements and providing specialized advice to trading personnel.

BankingCredit CardsFinancial Services

Responsibilities

Supervise and conduct surveillance of the U.S. registered broker-dealer securities trading products, as well as OTC derivative/swap trading products, with primary focus on: Cash Equities, Program Trading, DMA, Listed/OTC Equity Derivatives, Delta1, ETF create/redeem

Assist with surveillance of various regulatory reporting obligations, including: CAT, Nasdaq TRF, LOPR

Maintain and enhance the documentation of internal policies and Written Supervisory Procedures (WSPs) to comply with applicable trading regulations (SEC, FINRA, CFTC, NFA and others)

WSPs must clearly indicate 'evidence of review' and documentation that will satisfy the regulators and any Self-Regulatory Organization; including, Key Performance Indicators and escalation

Provide specialized advice and guidance on transactional issues to trading floor personnel as well as Business Management and infrastructure partners

Promptly escalate significant issues and material incidents of non-compliance to the relevant Global Markets business head, senior Compliance officer and, if appropriate, head of US Global Markets for resolution including recommendations for corrective action

Collaborating with Project teams and infrastructure partners on the development and implementation of solutions to address existing and new regulatory requirements

Primary business contact responsible for assisting Compliance in preparing detailed responses to regulatory inquiries and examination requests

Monitor new and changing regulatory requirements on a timely basis and assess their potential impact

Ensure that employees responsible for trading securities are appropriately registered

Participate in appropriate industry committees and working groups

Work on special projects as assigned from time to time

Qualification

Regulatory complianceSecurities tradingOTC derivativesSEC/FINRA/CFTC/NFATrading technologiesManage prioritiesMS Office proficiencyBloombergPythonAccountabilityCommunicationProblem-solving skillsRelationship-buildingTeamwork

Required

Bachelor's degree

Minimum 5+ years' experience in handling securities and OTC derivative/swap compliance issues gained at an investment dealer, regulator or marketplace

Knowledge of SEC/FINRA/CFTC/NFA and other US based regulatory rules

Well-developed knowledge of trading practices and associated regulatory requirements

Working knowledge of industry standard trading technologies and vendor solutions

Excellent relationship-building skills

Effective written and oral communication and presentation skills

Ability to work in a challenging environment while exhibiting poise under severe conditions

Resourceful and creative problem-solving skills

Ability to manage competing priorities

Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability