Senior compliance officer

Bnc; New York (NY); On-site; USD 140,000 - 155,000; 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

Short and Long Term Disability

Life insurance

Job summary

National Bank of Canada Financial Inc. (NBCFI) in New York seeks a seasoned compliance professional to oversee the governance of our investment banking and fixed income units.

You will ensure adherence to FINRA, SEC, MSRB, OCC, and Blue Sky guidelines, and steer the compliance program across regulatory exams and reporting. You will collaborate with Legal, Compliance, Operations, and Business teams to implement policies, supervise control testing, and maintain ongoing regulatory maintenance

Qualifications

• Bachelor's degree; 5+ years at a broker-dealer with 3+ years in compliance.
• Series 7 and 24 required; other licenses preferred.
• Experience with institutional brokerage products and trading systems; cross-border activities.

Responsibilities

• Oversee and advise NBCFI’s institutional fixed income and investment banking compliance programs.
• Provide compliance oversight of fixed income trade reporting obligations and TRACE requirements.
• Support regulatory oversight efforts, including Written Supervisory Procedures and control testing.
• Integrate benchmarking to stay updated on laws and industry developments.
• Assist with regulatory exams, investigations, and inquiries; coordinate documentation and liaison with internal teams.
• Oversee Regulation M compliance program and Equity Sales Literature review.
• Conduct client onboarding (AML/CIP, Suitability) and supervise training for employees.
• Monitor employee activity for compliance with firm policies.
• Conduct annual SEC review of policies and procedures; track 15a-6 compliance.
• Review marketing materials to ensure regulatory compliance.

Skills

Regulatory compliance

FINRA/SEC knowledge

Exam coordination

AML onboarding

Excel skills

Written communication

Cross-functional partner

Education

Bachelor's Degree

Tools

Trading systems

Regulatory reporting tools

AML screening tools

Microsoft Excel

Job description

National Bank of Canada Financial Inc. (NBCFI) is a full-service investment banking and financial services company dual-headquartered in New York (with our parent bank headquartered in Montreal). We are a Securities and Exchange Commission (SEC) registered securities broker-dealer and member of the Financial Industry Regulatory Authority (FINRA), Options Clearing Corporation (OCC), and the Municipal Securities Rulemaking Board (MSRB).

• Oversee and provide advice on NBCFI’s institutional fixed income and investment banking compliance programs to ensure compliance with required rules, regulations, and interpretive guidance, which includes but is not limited to: Due Diligence, FINRA Underwriting and Private Placement Requirements; Conflict of Interest Management; Market Access; Best Execution; Fair Pricing, Conflicts Monitoring, Algorithmic Trading.
• Provide compliance oversight and guidance regarding fixed income trade reporting obligations, including review of reporting exceptions, regulatory interpretations, remediation efforts, and adherence to applicable TRACE requirements.
• Support compliance efforts related to regulatory oversight, including but not limited to: the drafting and implementation of Written Supervisory Procedures; performing control testing; and training of employees.
• Integrate industry benchmarking and best practices through ongoing research, education, and industry affiliations to assist our key constituents (Legal, Compliance, Operations, HR, the Business, foreign affiliates, etc.) with staying apprised of current laws, regulations, and industry developments.
• Provide guidance and support in the interpretation of applicable SEC, FINRA, MSRB, OCC, and Blue Sky guidelines, as well as development, implementation, and evaluation of compliance systems, policies, procedures, and strategies.
• Assist with managing regulatory exams, investigations and inquiries conducted by FINRA, OCC, MSRB, SEC, state and foreign regulators. This will include coordinating documentation requests between departments and responding directly to the regulatory/audit request. Serve as a liaison for internal audit teams.
• Assist with systems monitoring, including ensuring that information barriers are established and implemented.
• Oversee Regulation M compliance program, including policies, procedures, surveillance controls, restricted period monitoring, and Written Supervisory Procedures, ensuring alignment with regulatory developments and evolving business activities.
• Oversee the Equity Sales Literature and communication review program, monitoring communications in real time for Restricted List compliance, conflicts management, information barrier considerations, and adherence to FINRA communication standards.
• Provide ongoing compliance oversight and advisory support for NatWealth Institutional and other strategic business initiatives, including regulatory analysis, governance frameworks, policy development, supervisory controls, quarterly and annual reviews, and ongoing regulatory maintenance requirements.
• Conduct client onboarding to address necessary requirements (AML/CIP, Suitability, etc.).
• Administer and support the employee onboarding process, registration process, and continuing education monitoring for new and existing employees
• Monitor employee activity for compliance with Firm policies and procedures (may include the review of employee trading activity, outside business activities, private securities transactions, compliance with gift and entertainment requirements, review of email communications, conflicts of interest, etc.).
• Conduct the SEC-required annual review of the Firm’s policies and procedures, including testing of the policies and procedures, and participate in the drafting of the report to management regarding the same.
• Assist with the tracking and monitoring of 15a-6 compliance.
• Conduct required branch inspections and Office of Supervisory Jurisdiction inspections.
• Review marketing materials and investor communications to ensure compliance with relevant laws and regulations.

Your team

NBCFI is seeking to add a knowledgeable, driven, intellectually curious and experienced compliance professional to the compliance team led by the Chief Compliance Officer. The selected candidate will be predominately responsible for the governance and oversight of our investment banking and fixed income business units. The candidate must possess an in-depth understanding of FINRA, SEC, MSRB, OCC, and Blue Sky requirements.

The selected candidate will need to work in conjunction with compliance and business colleagues to ensure adherence to regulatory standard and industry best practices.

Prerequisite

• Bachelor's Degree and at least 5 years working for a broker-dealer, with at least 3 years of compliance experience
• Series 7 and 24 required; other regulatory licenses preferred
• Experience with institutional brokerage business, products and services (including equities, fixed income, investment banking (including mergers and acquisitions), securities lending, debt/equity capital markets) and knowledge of trading systems, flows (execution and clearing) and strategies
• and experience coordinating broker-dealer regulatory exams and responses.
• Experience advising equity and fixed income trading, underwriting, debt and equity capital markets, and cross-border broker-dealer activities.
• Demonstrate ability to effectively review and analyze complex situations and apply judgment to resolve issues in a timely manner with minimal supervision
• Familiarity with AML onboarding and surveillance
• Experience with a Global Control Room
• Advanced user of Excel
• Must work well under competing deadlines and possess strong organizational skills
• Exceptional written and verbal communication skills

Languages:

Skills

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In compliance with all states and cities that require transparency of pay, the base salary range for this position is:$140,000 – 155,000 USD/year.

This position is eligible for variable compensation also.

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?

Why work at National Bank?

For an environment that supports your career path

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?

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