Head of Fixed Income Compliance

Role Overview

TP ICAP is seeking a Head of Fixed Income Compliance to provide regulatory/compliance advice and support to the Firm’s fixed income trading and operational functions. This hybrid Head of Fixed Income Compliance will manage a small team of compliance professionals, work as a member of the Americas Compliance team based in TP ICAP’s New York offices and report into the Chief Compliance Officer, Americas.

Products supported will include (collectively, the “Fixed Income Products”):

• US Treasury securities;

• Agency debt securities;

• Corporate debt securities (together with CDS and CDX indices);

• Emerging Markets sovereign and corporate debt (together with CDS and CDX indices);

• Securitized Product securities;

• Repos;

• Municipal bond securities;

• Interest Rate Swaps (US, Canadian and various LatAm currencies);

• Interest Rate Options;

• Spot FX;

• Deliverable FX Forwards (multiple currencies);

• Non-Deliverable FX Forwards (multiple currencies);

• FX Options; and

• Fed Funds and other Short Term products.

The candidate must have a familiarity with most, if not all, of the Fixed Income Products and strong writing skills as they will be expected to draft, revise, and implement policies, written supervisory procedures, screen protocols, trading rules and Form ATS exhibits. The candidate may also conduct surveillance reviews related to the Fixed Income Products and will also handle regulatory exams, inquiries and responses from each of the major regulatory bodies (e.g. FINRA, SEC, CFTC, NFA) that provide oversight of the firm. Additional duties will include managing/driving Compliance projects, providing stakeholder advice on strategic/new business initiatives, enhancing compliance framework/controls, and training staff.

Key Stakeholders

Business stakeholders (Business Managers, Heads of Desks and Brokers); Legal; Risk; HR; IT; Finance; Operations and the wider Compliance function.

Role Responsibilities

• Manage a small team of compliance professionals to ensure compliance with regulations in the United States, Canada and one or more South American jurisdictions;

• Ensure that the Firm meets its obligations pursuant to key regulations related to the Fixed Income Products, including but not limited to, electronic, algorithmic, hybrid and voice trading;

• Respond to and address inquiries from various fixed income business units throughout the firm to ensure compliance with applicable laws, regulations, and firm policies;

• Provide accurate and timely advice to the Business and other functions, including inquiries and escalations from various trading and operations staff;

• Create and maintain controls relative to TRACE and RTRS trade reporting, Reg ATS, Rule 15a-6 and other applicable rules and regulations; perform assurance work as necessary;

• Review and advise on new business initiatives related to the Fixed Income Products;

• Draft, review, and revise manuals, policies, written supervisory procedures, screen protocols, trading rules, Form ATS exhibits and other documents;

• Manage and respond to regulatory examinations, investigations and inquiries related to the Fixed Income Products;

• Ensure timely filing of regulatory reports and updates and respond to any regulatory inquires;

• Review trade exception reports and trading activity to ensure compliance with appropriate rules, regulations, and firm policies;

• Design and implement surveillance reports and processes for various trading areas, including the management of said implementation;

• Analyze rule proposals and amendments to assess business impact and ensure proper implementation of any final rules;

• Conduct periodic assessments and other reviews to identify and remediate potential gaps, including implementing or enhancing compliance controls;

• Develop and enhance supervisory reports as needed;

• Conduct periodic training;

• Identification of risks and risk mitigation solutions, including conducting risk assessments for the firm’s fixed income businesses;

• Work collaboratively with cross-functional teams as needed (e.g., Legal, Compliance, Risk, Client On-Boarding, AML Office, and IT); and

• Fulfill additional / ad hoc duties as required to meet the needs of the Business.

Experience / Competences

Essential

• In-depth knowledge of fixed income businesses, securities markets, and applicable reporting requirements;

• 15+ years of experience supporting fixed income compliance at a broker-dealer, with several years of management experience;

• Experience dealing with regulators, including SEC, FINRA, CFTC, NFA;

• College Degree is required;

• Series 7 and 24 or ability to obtain the licenses upon hiring;

• Strong writing skills;

• Must have a strong work ethic and the ability to work well with others;

• Must have strong verbal and analytical skills;

• Must have an aptitude for technical matters;

• Must be able to manage multiple tasks simultaneously; and

• Must have experience working with senior stakeholders.

Desired

• Experience with Canadian and/or South American jurisdictions.

$250,000-$325,000

Level 7

#LI-Hybrid #LI-DIR