Swap Dealer Compliance

Sumitomo Mitsui Banking Corporation • New York, NY

2d • Hybrid

About The Position

As a Swap Dealer Compliance - Director, you will serve as a key advisor to our derivatives business, guiding them through the complex regulatory landscape, including Title VII of the Dodd-Frank Act. Working hand-in-hand with business partners and internal stakeholders, you will provide comprehensive coverage and real-time guidance on compliance matters.

The ideal candidate possesses a deep, commanding knowledge of the regulatory framework governing swap dealers and security-based swap dealers, particularly regarding governance, business conduct standards, and risk-management programs. In this highly collaborative role, you will partner across Legal, Risk, Operations, Technology, the Front Office, and Internal Audit to champion and maintain a robust, best-in-class Compliance Program.

Requirements

• 7+ years of relevant Compliance experience.
• BA/BS degree required; JD is a strong plus.
• Subject matter expertise in the laws, rules, and regulations pertaining to CFTC-regulated swap dealers and SEC-regulated security-based swap dealers.
• Strong working knowledge of swaps, security-based swaps, and other derivative products.
• Proven ability to manage multiple assignments simultaneously and build consensus among diverse stakeholders.
• Exceptional analytical skills with the ability to distill complex situations into clear, decisive guidance in time-sensitive environments.
• Meticulous attention to detail and the discipline to follow up on issues through to complete resolution.
• Highly organized with demonstrated project management skills.
• Self-motivated with the ability to thrive both independently and collaboratively within a team environment.

Responsibilities

• Provide Strategic Guidance: Deliver real-time, actionable advice to the business and other control functions regarding swap and security-based swap regulatory requirements. Provide proactive advisory support for business-driven projects.
• Regulatory Monitoring: Track, evaluate, and provide clear guidance on the implementation of proposed and final rules issued by the CFTC, SEC, and NFA.
• Risk Mitigation & Oversight: Oversee and credibly challenge the mitigation and timely remediation of compliance-related issues, deficiencies, and regulatory matters.
• Process Improvement: Proactively identify and recommend opportunities to optimize the processes and controls that support the overall compliance program.
• Exam Management: Support the coordination of compliance-related regulatory examinations and help craft thorough responses to regulatory inquiries.
• Training & Development: Develop, maintain, and deliver impactful training programs focused on Compliance policies and relevant regulatory requirements.
• Industry Engagement: Actively participate in industry groups to maintain a cutting-edge understanding of regulatory developments and industry best practices.
• Cross-Functional Collaboration: Coordinate with Legal, Compliance, and other control groups (including Operations, Finance, Risk, and Internal Audit) to prevent and detect violations while actively promoting a strong culture of compliance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director