Head of Fixed Income Compliance

TP ICAP; New York (NY); On-site; USD 250,000 - 325,000; Full time

Job summary

TP ICAP is seeking a Head of Fixed Income Compliance to oversee regulatory and compliance needs for its fixed income trading operations. The right candidate will manage a compliance team and ensure adherence to financial regulations while providing strategic advice to the business. This role requires extensive industry experience and strong analytical skills to navigate compliance challenges in a dynamic market.

Qualifications

• 15+ years of experience in fixed income compliance.
• Strong writing skills for drafting policies.
• Familiarity with regulators like SEC, FINRA.

Responsibilities

• Manage fixed income compliance for the firm.
• Draft and revise compliance policies.
• Respond to regulatory inquiries and examinations.

Skills

Compliance Management

Regulatory Knowledge

Team Management

Written Communication

Analytical Skills

Education

College Degree

Tools

Compliance Software

Job description

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Group Overview

The TP ICAP Group is a world leading provider of market infrastructure.

Group Overview

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

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.
  
  

Essential

Experience / Competences

• 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

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

USA - 200 Vesey Street - New York, NY

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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