What are the responsibilities and job description for the Senior Compliance Officer position at FIFTEEN?
Job Title: Senior Compliance Officer – Advisory Compliance (Contract)
Location: Midtown, New York, USA
Contract Duration: 3–6 months
Industry: Financial Services Consulting
Compensation: Competitive (based on experience)
About the Firm
Our client is a leading financial services consulting firm based in Midtown, New York, specializing in regulatory compliance, financial crime risk management, and operational transformation. They provide expert advisory and project-based solutions to banks, FinTechs, asset managers, and other financial institutions.
Role Overview
The Senior Compliance Officer will be a key member of the Advisory Compliance team, responsible for overseeing the broker dealer’s compliance risk and ensuring adherence to regulatory requirements. Reporting to the Chief Compliance Officer, the role will focus on providing regulatory and compliance advisory services to public-side sales and trading groups, with a particular emphasis on Fixed Income activities, including Primary Dealer and fixed income futures activity.
This role requires a high degree of independence and subject matter expertise, as well as strong collaboration with business unit management, Legal, Compliance, and control function teams. The incumbent will contribute to day-to-day compliance monitoring while also playing a role in strategic planning and compliance framework enhancements across the firm.
Key Responsibilities
Regulatory Advisory & Compliance Oversight
• Provide regulatory and compliance guidance to business units, ensuring adherence to U.S. securities laws and broker dealer regulations.
• Serve as a trusted advisor to Fixed Income trading desks, including U.S. Treasury Securities, Repo, Corporate Bonds, Securitized Products, derivatives, and futures activities.
• Advise on establishing supervisory systems and support the development and enhancement of written supervisory procedures (WSPs).
• Monitor regulatory developments and support the implementation of new and amended compliance requirements.
Monitoring & Risk Management
• Conduct regular meetings with business unit management to identify emerging regulatory issues and discuss evolving compliance obligations.
• Perform compliance monitoring of broker-dealer Fixed Income activities, including TRACE reporting and Primary Dealer obligations.
• Play a key role in the firm’s Compliance risk assessment process, identifying potential regulatory risks and recommending mitigation strategies.
• Support internal audits, regulatory examinations, and inquiries from agencies such as the Federal Reserve, SEC/FINRA, and CFTC/NFA.
Cross-Functional Collaboration & Policy Development
• Engage with Compliance, Legal, and control function teams to strengthen the firm’s overall Compliance program.
• Advise on internal policy development, ensuring alignment with global compliance standards and best practices.
• Coordinate with global affiliates to address cross-border compliance issues and manage regulatory reporting obligations.
• Lead or contribute to regulatory reporting requirements, investigations, and special projects.
Training & Process Optimization
• Develop and deliver Compliance training, drafting training materials and conducting sessions for business unit staff.
• Identify operational efficiencies and drive automation initiatives to reduce reliance on manual processes.
• Support the buildout of an expanded Compliance Advisory function, improving processes across business units.
Qualifications & Experience
• 10 years of regulatory compliance experience at a broker dealer, with expertise in Fixed Income and Fixed Income Futures activities.
• Strong knowledge of U.S. securities laws, rules, and regulations, including FINRA, SEC, CFTC/NFA, and Federal Reserve requirements.
• Deep understanding of Fixed Income products, including U.S. Treasury Securities, Repo, Corporate Bonds, Securitized Products, derivatives, and futures.
• Experience working with U.S. financial regulators and handling regulatory inquiries, audits, and examinations.
• Proven ability to advise senior management and trading desks on complex regulatory matters.
• Excellent written and verbal communication skills, with the ability to convey technical subject matter effectively.
• Strong project management and organizational skills, with experience leading compliance initiatives across a global financial institution.
• Series 7, 24, and 79 licenses are a plus.
• Bachelor’s degree required; advanced degrees or certifications in compliance, finance, or law are an advantage.
Why Join?
• Work with a leading consulting firm providing advisory services to top-tier financial institutions.
• High-impact role with exposure to executive leadership, trading desks, and global compliance teams.
• Opportunity to contribute to strategic compliance initiatives and regulatory framework enhancements.
• Competitive compensation package for a contract-based role with potential for extension or future opportunities.