Chief Compliance Officer, Swap Dealer

Location: Hybrid-Based (New York City, NY or San Mateo, CA)

Chief Compliance Officer, U.S. Swap Dealer

FalconX is the most advanced digital asset platform for institutions. We provide trade execution, credit & treasury management, prime offering and market making services. Given our global operations, industry-leading technology and deep liquidity, we have facilitated client transactions of $1 trillion in volume. Our products & services are regulated, compliant and trusted.

We are a team of financial professionals focused on capital markets comprised of compliance, institutional sales and trading leaders, operations experts, business strategists, engineers, and product builders. We prioritize learning. Outcomes are mission-critical, but we also believe that learning in success and in failure will drive our continued success. Our industry is emergent - there’s no shortage of experiments to get involved with and to continue growing and learning together. 

Impact

FalconX Bravo, Inc. is a registered Swap Dealer.  We are seeking an experienced Chief Compliance Officer for our registered Swap Dealer. This person will advise internal stakeholders on implementation and development of CFTC, and NFA swap dealer requirements, including day-to-day oversight and program enhancements relating to policies and procedures, employee training, risk assessments, issues management, governance and management reporting, and metrics.

Our department prevents, detects and mitigates compliance and regulatory risks across the firm and helps to strengthen our culture of compliance. As a company involved in digital assets, this role will also be relied on for training and knowledge sharing. The team monitors existing and new rules and regulations; designs and implements controls, policies, procedures and training to all colleagues. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory digital asset landscape.

Qualifications:

• A minimum of 10+ years of legal or compliance experience/background preferably with investment or commercial bank, law firm, consulting firm or regulatory organization.
• Demonstrated experience with the implementation and execution of swap dealer compliance program at a registered swap dealer.
• Demonstrated understanding of the requirements of the Dodd-Frank Act and associated regulations relating to swap dealers, including applicable CFTC,  NFA and FRB rules and regulations. 
• Experience interacting with regulators, in particular, CFTC, NFA, and FRB.
• Experience reporting to senior management.
• Experience managing teams across geographical regions
• Familiarity with sales and trading of over-the-counter derivatives, with particular focus on foreign exchange and interest rate derivatives.
• Outstanding written (drafting & editing) and spoken communication abilities.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with multiple, complex projects simultaneously

Responsibilities:

• Advise and implement enhancements to the overall Swap Dealer Compliance Program, including oversight of policies and procedures
• Respond to regulatory inquiries, audits, examinations and investigations, and liaison with the CFTC and NFA
• Manage and report on any incidents of non compliance, maintaining a non compliance issue log and monitor remediation of open items, reporting to the CCO on a regular basis
• Manage and resolve any conflicts of interest that may arise by determining reasonable steps that should be taken to resolve or mitigate the conflict of interest
• Provide reporting to management and Board of Directors. Escalate reporting when relevant
• Developing and conducting periodic testing to monitor whether internal controls are operating effectively and in compliance with the swap dealer requirements
• Develop swap dealer compliance training to all relevant personnel including swap associated persons, compliance team and other relevant groups

Education & Additional Experience:

• Bachelor’s degree or equivalent experience required; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or consulting firm, or a combination thereof
• Experience in area of focus; strong working knowledge of Swap Dealers and the related operations and financial requirements
• Strong willingness to train and provide proactive guidance to colleagues on Swap Dealer requirements and impact of regulatory compliance
• Preparing or contributing annual compliance reports and other compliance materials for executive management, boards of directors and regulators.

Compensation:

This is a full-time position with an expected annual compensation of $191,000 - 252,000 in the New York City Metro area. The actual compensation for a successful candidate may vary based on factors such as skill set, relevant experience, qualifications, and other relevant factors.  This position also offers other forms of compensation and benefits consisting of overtime compensation (when applicable), relocation assistance (if applicable), performance-linked bonus, paid time off (including sick time) benefits, paid Company holidays, participation in the Company’s equity and 401k retirement plan, competitive employee health, dental, and vision benefits each subject to the terms and conditions of the governing plan documents and Company policies.