Compliance Director - Institutional Equities, Options & Fixed Income New York, New York; San Fr[...] - Citizens Bank

Description

Company Overview:Citizens JMP Securities, Inc., Citizens institutional broker-dealer, is seeking a highly skilled Compliance Director to lead our advisory and trade surveillance efforts. Our Compliance team is vital to upholding the integrity of institutional trading across equities, options, and fixed income markets, ensuring that we operate in full alignment with regulatory standards and industry best practices.

Position Overview:As the Director of Institutional Equities, Options, and Fixed Income Compliance, you will be responsible for overseeing both advisory and trade surveillance functions. This leadership role involves providing expert regulatory guidance, mitigating conflicts of interest, and collaborating closely with business and supervisory teams to resolve any issues that arise. You will drive the alignment of our trading activities with industry regulations, making a significant impact on both our operations and our reputation in the marketplace.

Key Advisory Compliance Responsibilities:

• Act as a strategic advisor to Equities, Options, and Fixed Income business and supervisory teams, offering expert insights on regulations and market practices.
• Develop, implement, and continuously refine Written Supervisory Procedures (WSPs), desk procedures, and supervisory structures to ensure compliance and operational efficiency.
• Proactively monitor regulatory developments, working with relevant stakeholders to incorporate new requirements into existing Compliance and Supervisory processes.
• Design and execute a comprehensive control testing program to evaluate the effectiveness of compliance and supervisory policies and procedures.
• Lead the response and management of both internal audits and regulatory exams related to equities, options, and fixed income, ensuring clear, well-documented results.
• Collaborate with other Compliance team members across divisions such as Investment Banking, M&A, Research, Control Room, and Licensing & Registration to ensure cohesive compliance practices.
• Drive initiatives that enhance compliance standards and minimize regulatory risks.
• Develop and deliver impactful compliance training programs that foster a culture of regulatory awareness across the organization.
• Represent the firm by participating in industry committees, conferences, and roundtables, staying informed on emerging trends and best practices.

Key Surveillance Responsibilities:

• Conduct timely and thorough trade surveillance reviews and disclosures across Equities, Options, and Fixed Income, focusing on key regulations such as Reg NMS (CAT, 605, 606), Reg SHO, TRF, IOIs, ACT, Market Access, and Market Maker obligations.
• Monitor and analyze CAT & CAIS data for accuracy, addressing and resolving linkage errors promptly.
• Investigate trading exceptions flagged by Fidessa (order management system) and Nasdaq Smarts (trade surveillance system), providing actionable insights.
• Collaborate with Risk Management to optimize surveillance parameters within Nasdaq Smarts, enhancing both system performance and accuracy.
• Prepare, distribute, and analyze monthly FINRA report cards, offering data-driven recommendations to supervisory teams.

Preferred Qualifications:

• Active FINRA licenses: Series 4, 7, 24, 57, and 63.
• Proficiency with Nasdaq Smarts trade surveillance and Fidessa order management systems.
• Comprehensive knowledge of SEC and FINRA regulations governing Equities, Options, and Fixed Income markets.
• 5-10 years of experience in trade surveillance and/or compliance advisory roles.
• Strong analytical skills, including experience with programming and query languages (e.g., SQL) for enhanced data analysis and surveillance capabilities.
• Self-motivated, with a proactive approach, strong work ethic, and a results-oriented mindset.
• Must be based in NYC or San Francisco, with the ability to work on-site at least three days per week.

Why Join Us?At Citizens, we nurture a collaborative environment that prioritizes professional growth and continuous learning. This role offers a unique opportunity to lead and shape compliance strategies within an organization dedicated to regulatory excellence. Join us and make a significant impact on both our company and the broader industry.

Hours & Work Schedule

Hours per Week: 40

Work Schedule: Monday – Friday

Pay Transparency

The salary range for this position is$170,000 - $225,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factorsincluding but not limited to the work location, relevant skills, and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States.

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Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.