Summary
As a Director in the Global Markets Regulatory Compliance (“GMRC”) Advisory team at CACIB, you will play a critical role in advising internal stakeholders on the implementation and development of compliance requirements set forth by the SEC for security-based swap dealer and CFTC and NFA for the swap dealer. This position is integral to enhancing the overall swap dealer program and implementing the security-based swap dealer program. You will engage with Global Markets Division as well as collaborate with Legal, Operations, Risk, IT, Finance and IGE stakeholders. In this role, you will be responsible for implementing security-based swap dealer compliance program, advising enhancements to the swap dealer compliance programs, assisting in responding to regulatory inquiries, audits, examinations and investigations. Your expertise in SEC, CFTC and NFA swap regulations will be essential in establishing the security-based swap dealer compliance program and assisting the Bank in meeting its regulatory obligations.
Key Responsibilities:
· Responsible for the ongoing development, implementation and refinement of a comprehensive security-based swap dealer compliance program.
· Coordinate compliance regulatory examinations and participate in the coordination of response to these examinations.
· Maintain policies and procedures to reasonably ensure compliance with applicable regulatory requirements.
· Communicate new regulatory requirements simply and efficiently to affected business and other functions/stakeholders to ensure compliance.
· Assess the inherent risk of business units as well as the effectiveness of mitigating controls in order to minimize the residual risk of reputational damage, regulatory consequences and other operational risk through a surveillance and monitoring program.
· Design, implement and maintain Compliance systems to ensure consistency in achieving industry best practices and in minimizing regulatory risk.
· Provide advice on relevant regulations and internal policies and procedures to internal stakeholders including trading and sales personnel and key support functions.
· Evaluate new products and activities to ensure compliance issues are identified and remediated.
· Support the CCO in administering his/her duties to overseeing the Bank’s security-based swap dealer and swap dealer compliance program.
· Contribute to the preparation of the annual CCO report exercise
Key Internal contacts
o All GMD business units;
o Legal department;
o Audit department;
o Risk departments; and
o Operations departments.
Key External contacts
The Firm’s regulators, including but not limited to SEC, NFA, and CFTC.
