Director, Equities Trade Compliance
Atlas Search, New York, NY, United States
A leading NYC-based Investment Bank & Brokerage is seeking a VP/Director of Front Office Equities Trading Supervision. Please see details below:
Position Overview
The VP/Director of Front Office Supervision, Equities will serve as a key senior individual contributor responsible for the supervisory oversight of equities (including cash and equity derivatives) trading activities. This role will focus on ensuring compliance with regulatory obligations and internal standards related to any and all equity securities. The successful candidate will leverage their extensive experience in equity supervision and compliance to enhance the effectiveness of the supervisory framework in alignment with industry best practices.
Key Responsibilities
Supervisory Oversight
- Provide expert supervision of equities trading desks, ensuring compliance with relevant FINRA, SEC, and exchange regulations.
- Conduct thorough daily reviews of trade activities, order handling, and client interactions, identifying exceptions and ensuring appropriate remediation.
- Collaborate with Compliance to maintain and enhance Written Supervisory Procedures (WSPs) related to fixed income operations.
- Monitor and evaluate supervisory certifications and escalations to support compliance and operational integrity.
Regulatory Engagement
- Act as a knowledgeable resource on regulatory matters concerning the supervision of equities & derivatives securities.
- Support the preparation and responses to regulatory inquiries and examinations, with a focus on equity & research supervisory controls.
- Work closely with Compliance to ensure all regulatory reporting applicable to equities & research is accurate and timely.
- Collaborate with Compliance, Legal, Risk Management, and Operations to ensure alignment of supervisory processes and compliance programs related to equities.
- Support the enhancement of supervisory tools and reporting capabilities specific to equities trading.
- Provide insights and guidance on the identification and mitigation of operational risks associated with equities activities.
- Stay informed of regulatory developments and trends within the equities and derivatives market to ensure ongoing compliance and supervisory effectiveness.
- Advocate for best practices in fixed income supervision and contribute to the continuous enhancement of controls and processes.
- Identify control gaps and propose actionable solutions, escalating issues to senior management as appropriate.
Qualifications & Experience
- 7+ years of experience in financial services, with significant expertise in the supervision of fixed income securities and related compliance practices.
- Deep understanding of equities and derivatives markets, trading practices, and sales processes, with a strong background in regulatory frameworks.
- Proven experience working directly with FINRA, SEC, and other regulatory bodies on supervisory-related matters in fixed income.
- FINRA 3110 Supervisory Framework in general and having acted as a supervisory delegate for equities and equity derivatives
- CAT reporting and other trade reporting
- Reg NMS reporting rules / controls
- Excellent communication skills, capable of articulating complex regulatory concepts to stakeholders at all levels.
- Relevant FINRA principal licenses preferred (e.g., Series 24, 57, 7).
- Bachelor’s degree in Finance, Economics, or a related field is required.