Associate Director or Director

National Bank of Canada; New York (NY); On-site; USD 225,000 - 300,000; Full time

Benefits offered by this job

401(k) retirement plan participation

Flexible spending accounts

Employee and Family Assistance Program

Flexible PTO and holidays

Wellness fund

Disability insurance

Life Insurance

Job summary

National Bank of Canada in New York seeks a senior regulatory professional to analyze and interpret new regulations affecting the Bank’s U.S. broker-dealer activities, including CFTC/SEC rules under Dodd-Frank.

You will join the FRM team on a fast-paced trading floor, oversee policy implementation, advise on trade structuring, and support compliance with domestic and international requirements. Bilingualism (French/English) is a plus.

Qualifications

• Bachelor’s, master’s, and/or juris doctor degree in securities law, finance, mathematics, engineering, or related disciplines.
• Keen and demonstrated interest in capital markets and finance.
• Recent experience in regulatory compliance for capital markets or advisory/legal services for US regulatory compliance with OTC derivatives and/or futures.
• Analytical and problem-solving skills with the ability to evaluate complex issues from multiple perspectives.
• Ability to work independently and proactively, while collaborating within a team.
• Strong written and verbal communication skills for diverse audiences.
• Bilingualism (French/English) is an asset but not a requirement.

Responsibilities

• Analyzing, researching, and interpreting new regulations affecting the Bank and/or the Bank’s U.S. broker-dealer, including CFTC and SEC rules.
• Assisting with front-line supervision of swap dealer and security-based swap dealer policies and procedures.
• Scoping regulatory projects and explaining impacts on businesses.
• Leading and contributing to projects implementing regulatory change and documenting requirements.
• Providing expertise on trade structuring to sales and trading.
• Reviewing, analyzing and contributing to approval of new business cases.
• Maintaining knowledge of rules governing derivatives exchanges, clearinghouses, and market infrastructures.

Skills

Regulatory compliance

Regulatory analysis

Analytical thinking

Written & verbal communication

Collaboration

Education

Bachelor’s degree in securities law/finance/related

Master’s degree

Juris Doctor

Job description

Your role

• Analyzing, researching, and interpreting new regulations affecting the Bank and/or the Bank’s U.S. broker-dealer, including but not limited to CFTC and SEC regulations under Title VII of the Dodd-Frank Act, in addition to other applicable regulations related to both over the counter and listed derivatives.
• Assisting with front-line supervision of relevant swap dealer and security-based swap dealer policies and procedures.
• Scoping of regulatory projects (interpretation of rules, guidance and/or legislation) and explaining the impacts on the relevant businesses.
• Leading and contributing to projects implementing regulatory change at the Bank, including through documentation of regulatory requirements.
• Providing expertise on trade structuring to sales and trading.
• Reviewing, analyzing and contributing to the approval of new business cases.
• Maintaining detailed, expert knowledge of the rules and practices governing derivatives exchanges, futures exchanges, options exchanges, swap execution facilities, clearinghouses and other financial market infrastructures.

Your team

You will be part of the Financial Resource Management (FRM) team, a first line-of-defense function that works closely with sales, trading, risk management, legal, finance, treasury, capital anagement and other corporate functions of the Bank. The role reports to the Managing Director, FRM (based in New York). The FRM team partners with business lines across Capital Markets to optimize the deployment of financial resources, support strategic decision-making and international growth, and ensure compliance with domestic and international regulatory requirements.

As part of the broader New York trading floor, you will work in a fast-paced environment requiring you to analyze complex information, challenge assumptions, and deliver timely insights in a dynamic market environment. The successful candidate will adapt to evolving business and regulatory demands with creativity, intellectual curiosity, and a proactive approach to problem solving.

Prerequisite

• Bachelor’s, master’s, and/or juris doctor degree in securities law, finance, mathematics, engineering, or related disciplines.
• Keen and demonstrated interest in capital markets and finance.
• Recent experience in one of the following: regulatory compliance for capital markets; advisory or legal services for US regulatory compliance with OTC derivatives and/or futures.
• Analytical and problem-solving skills with the ability to evaluate complex issues from multiple perspectives and develop effective solutions.
• Ability to work independently and proactively, while collaborating within a team environment.
• Strong written and verbal communication skills with proven ability to adapt communications for diverse audiences, including frontline employees, cross-functional stakeholders, and senior leadership.
• Bilingualism (French/English) is an asset but not a requirement.

The base salary range for this position is $200,000 – $275,000 USD/year (Associate Director) or $225,000 - $300,000 USD/year (Director), commensurate with experience. This position is also eligible for variable compensation.

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

• 401(k) retirement plan participation with employer matching contribution
• Flexible spending accounts for healthcare and dependent care
• Employee and Family Assistance Program
• Flexible PTO and company paid holidays
• Wellness fund
• Short and Long Term Disability
• Basic and Buy-Up Life Insurance

We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

Making a bold move in a people-first environment

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people's lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?