Sales and Trading Compliance Officer

Job Description

Position Summary

Guggenheim is seeking an experienced professional to join as the Sales and Trading Compliance Officer ("Sales and Trading Compliance Officer") within Guggenheim Securities. The Sales and Trading Compliance Officer advises and assists the Firm's Sales and Trading Divisions in establishing, implementing, and testing institutional sales and trading policies and practices for a variety of products including, high and low touch equity, listed options, structured products, high yield, loans and claims. The Sales and Trading Compliance Officer will coordinate, recommend, and execute plans to address potential issues in these products, fulfill regulatory obligations and promote best practices and effective supervision. In addition to analytical skills, the ideal candidate will provide real-time advice and support to front office personnel (all levels) in a fast-paced environment. The successful candidate will have 5 years prior Broker Dealer Sales and Trading compliance experience and be comfortable interacting directly with all levels of Sales and Trading personnel.

Essential Job Functions

• Provide regulatory guidance to senior business leader as well as sales and trading personnel.
• Consult with Legal and other support functions to ensure a 360-degree view of transaction activity.
• Liaise with New Accounts team to address issues relating to customer onboarding and documentation.
• Updates to relevant compliance manuals and training materials.
• Work with the Business Control Group to ensure proper supervision, oversight and testing of important functions.
• Create and deliver training on new regulatory requirements and issues requiring updates.
• Provide guidance on escalated issues in electronic communications surveillance.
• Assist with responding to regulatory inquiries.
  
  

Preferred Qualifications

• Strong problem-solving skills and a demonstrated ability to take initiative and critically analyze processes and procedures and make necessary updates, as needed.
• Motivated, proactive & solutions-oriented; innovative.
• Curious, learning agile, able to adapt quickly and appropriately in accordance with the constant evolution of the business and industry.
• Demonstrated ability to use good judgment, while maintaining integrity at all times.
  
  

Basic Qualifications

• Bachelor’s Degree.
• 5-7 years’ experience in a supervisory or compliance role of a broker-dealer covering sales and trading functions.
• An understanding of broker-dealer front office systems, including Fidessa and Bloomberg TOMS.
• Understanding of applicable SEC, MSRB, FINRA, and Exchange regulations with respect to equity and fixed income products within an institutional sales and trading business that operates on a predominately agency basis.
• Working knowledge of important regulatory topics, including but not limited to institutional sales practices, CAT, trade reporting Reg NMS, Reg SHO, SEC Rule 605/606, blotter reviews, mark up/downs, best execution, and soft dollar issues
• Familiarity with information barriers and protection of confidential information.
• Working knowledge of equity and fixed income offering and syndicate issues, including Regulation M.
• Familiarity with regulatory initiatives and priority SEC, MSRB and FINRA supervisory mandates.
• Interact with technology support and risk management to ensure trading technology and trading practices remain compliant with Firm policies and industry regulation.
  
  

Work Location

• Currently, this role is expected to be in the ­­­­New York office at least 4 days per week.
  
  

Salary

• Annual base salary between $120,000 and $150,000.
• The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.
  
  

About Us

Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston.

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at GSLateralRecruiting@guggenheimpartners.com or 212.518.9200.