Job Description
Chief Compliance Officer Company Overview We are a new trading venue created by a consortium of leading investment management firms that seeks to lower trading costs, enhance the transparency of trading protocols, and deliver improved performance to clients. The firm's primary business objective is to manage the firm under rule ATS. This service will be marketed to a wide array of institutional clients. We will initially focus its efforts on domestic equity securities.
Chief Compliance Officer: To ensure the delivery of an effective compliance function within the firm, to play a leadership role as a senior team member supporting the growth of the firm and to promote and protect the reputation and effectiveness through the development of a strong compliance program.
Role and Key Responsibilities: • Manage and augment the current compliance program to ensure that Luminex adheres to regulatory requirements, as well as policies and standards;
• Manage the implementation and development of the internal control and monitoring programs. Ensure that applicable policies and procedures, are comprehensive, robust, current and reflect the firm's business processes;
• Manage multiple functions within the compliance department - e.g. develop a compliance training program for associates, manage the firm and associate registration process, manage customer complaint handling process, manage internal compliance reviews, oversee regulatory reporting / filings, etc;
• Provide a proactive level of support across the firm. Partner with Luminex departments to identify and implement compliant and practical solutions to business issues;
• Partner with all departments to ensure they clearly understand their role in compliance and that their compliance activities are carried out effectively. Conduct training and education as appropriate;
• Develop and manage professional relationships with regulatory personnel
• Act as the point person in certain internal and external compliance audits;
• Provide monthly and adhoc reporting including: monthly metric / status reports and escalate any breaches to internal and/or external parties;
• Maintain current knowledge regarding regulatory issues, rules proposals, guidance, etc.;
• Foster a positive compliance culture; protecting the brand and integrity of the firm and its investors.
• Serve as the firm's Chief Privacy Officer and AML Officer
• Provide appropriate attestations for senior management sign off
• Reporting line: CEO
Qualifications - Education, Experience & Skills • Strong experience (15+ years) in a senior compliance / regulatory role in the financial services sector;
• Have successfully completed all requisite exams to qualify as the Chief Compliance Officer according to US regulations;
• Strong knowledge and understanding of the US regulatory environment as well as all FINRA and SEC rules and regs; particularly those pertaining to the ATS space.
• Knowledge and understanding of introducing and ATS firm regulatory obligations;
• Knowledge and understanding of US brokerage industry and brokerage operations;
• Strong communication skills, written and verbal;
• Organized and self-motivated working style;
• Analytical approach; and
• Able to work on own initiative.
• Undergraduate degree required, JD/Master's degree preferred
• Previous experience building a firm compliance program
• Entrepreneurial spirit, prior experience with a start-up firm
Job Tags