Fixed Income Compliance and Surveillance Specialist

Job Description

Job Description

About Daiwa Capital Markets America Inc. :

Incorporated in 1964, Daiwa Capital Markets America Inc. (“DCMA”) is a New York-based registered securities broker-dealer, a futures commission merchant, a primary dealer of U.S. Treasury securities, and a member of the New York Stock Exchange and other major U.S. exchanges. Our main focus is on the sales and trading of Japanese, Asian, and U.S. equities, fixed income instruments, financial futures, and investment banking for institutional customers. DCMA’s ultimate parent company is Daiwa Securities Group Inc., one of the largest brokerage and financial services groups in Japan.

Position Summary :

The Fixed Income Compliance and Surveillance Specialist reviews trading activity real-time and T+1 to monitor activity related to market manipulation and to ensure accurate and timely Trade Reporting and Compliance Engine (TRACE) as well as best execution, FINRA Rule 5310, for Fixed Income products (Treasuries, Mortgage Back Securities, Government Sponsored Enterprise, Corporate bonds, etc.). This role will also correspond with front office sales & trading, middle office operations and IT on a timely basis to inquire about matters related to daily responsibilities.

Core Responsibilities :

• Improving on existing trade surveillance operations
• Reporting surveillance activities on a weekly and quarterly basis for stakeholders
• Monthly FINRA report card review and research
• Best Execution reviews
• TRACE reporting review
• Handle daily trade reporting discrepancies
• Stay abreast of any rule changes while effectively communicating these changes to front / middle office personnel.
• Oversight of Treasury Auctions
• Compliance Inspections / Testing
• Primary Dealer Compliance Program
• CME Compliance Program
• Assist in policy and procedure review and update
• Assist in completing regulatory inquiries and / or examinations

Qualifications :

Company Culture and Benefits :

Daiwa Capital Markets America Inc. has a vibrant company culture made up of a diverse team of professionals. We seek to foster an atmosphere in which our employees understand, respect, and inspire each other. We will continue to build a culture that encourages everyone at DCMA to take pride in their work. How we work — individually, with each other, and with our communities — is just as important as what we do and shapes who we are as an organization.

Our people are our most important asset, and as a result, we offer a competitive and robust total rewards package which includes, but is not limited to :

DCMA has a hybrid work program in place, with opportunities for remote work depending on the nature of the role and needs of your department. This was implemented to provide operational efficiency while simultaneously giving employees flexibility. At a minimum, employees are expected to work in the office three days per week.

DCMA provides equal employment opportunities for all applicants and employees. We are committed to providing a work environment that is free of discrimination and harassment. DCMA prohibits discrimination based on race, color, religion, gender identity, national origin, sexual orientation, age, disability, military or veteran status, or other attributes protected under applicable federal, state, or local laws.