Vice President and Control Room Manager, Compliance

Nasdaq Private Market; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

Nasdaq Private Market is seeking a Vice President-level Manager to lead the Control Room within Compliance. You will own day-to-day information barriers between investment banking, research, ATS, capital markets, and advisory functions, managing MNPI and restricted lists.

You will supervise a direct report, coordinate with Legal and Deal Teams, and develop training and policy updates to reflect regulatory changes; this role reports to the CCRO.

Qualifications

• 5+ years of broker-dealer or investment adviser compliance experience.
• Experience with FINRA and SEC rules governing information barriers, insider trading prevention, and Regulation ATS.
• Series 7 and Series 63 required; 24 preferred or willing to obtain post-hire.

Responsibilities

• Own and operate the firm's Control Room as the central contact for information barrier questions across NPM Securities, SecondMarket Financial, and NPM.
• Maintain and update restricted and watch lists; process add/remove requests with documented rationale.
• Administer wall-crossing procedures: log requests, obtain approvals, track wall-crossed individuals, and remove when project ends or MNPI changes.
• Monitor for potential information barrier breaches; investigate exceptions and escalate to the CCRO with remediation recommendations.
• Coordinate with Legal, Deal Teams, Sales & Trading on MNPI-sensitive activity.
• Review personal trading disclosures and outside business activity for restricted/watch list intersections.
• Draft and test Information Barriers Policy and Control Room procedures; update for regulatory changes.

Skills

Compliance experience

Information barriers

Wall crossings

Written communication

People management

Education

Bachelor's degree

JD or CSCP (plus)

Tools

StarCompliance

Job description

Nasdaq Private Market ("NPM"), an independent, private company, is the premier provider of secondary liquidity solutions for private companies and offers a marketplace to provide liquidity to individual private company shareholders. NPM provides innovative, end-to-end solutions to enable seamless transactions for private companies, private equity, and other private assets. The company operates in a fast-paced fintech environment that is constantly evolving.

About Nasdaq Private Market

Nasdaq Private Market provides liquidity, wealth and data solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. Since inception over a decade ago, NPM has executed more than $80 billion in transactional volume for 200,000+ individual eligible employee shareholders and investors across 1,000+ company-sponsored liquidity programs. Founded within Nasdaq, Inc. in 2013, today NPM is an independent private company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Cerity, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, Optiver, UBS, and Wells Fargo.

Learn more at www.nasdaqprivatemarket.com.

The Role

Nasdaq Private Market is hiring a Vice President level Manager to lead the firm's Control Room function within the Compliance department. This role owns the day-to-day operation of information barriers between the firm's investment banking, research, ATS, capital markets, and advisory functions, manages the restricted and watch lists, oversees wall-crossing procedures for material nonpublic information (MNPI), and coordinates with trading and deal teams to prevent the misuse of confidential information. The role will have one direct report and reports directly to the Chief Compliance and Regulatory Officer (CCRO).

Key Responsibilities

• Own and operate the firm's Control Room, serving as the central point of contact for information barrier questions across NPM Securities (BD), SecondMarket Financial (RIA), and NPM (parent company).
• Maintain and update the restricted list and watch list; process add/remove requests and document the rationale for each decision.
• Administer wall-crossing procedures: log requests, obtain approvals, track who has been brought over the wall, and ensure timely removal when a project concludes or MNPI is no longer applicable.
• Monitor for potential information barrier breaches; investigate exceptions and escalation confirmed issues to the CCRO with recommended remediation.
• Coordinate with Legal, Deal Teams, Sales & Trading, and any activity that could generate MNPI.
• Review and clear employee personal trading requests and outside business activity disclosures that intersect with restricted/watch list holdings.
• Draft, maintain, and periodically test the firm's Information Barriers Policy and Control Room procedures; recommend updates to reflect regulatory change or business growth.
• Develop and implement StarCompliance surveillance alerts tied to restricted securities and employee trading.
• Prepare Control Room metrics and reporting for internal compliance committees, and support FINRA/SEC examination requests related to information barriers.
• Manage, train, and develop the Control Room Analyst/Associate direct report; review their work product for accuracy and completeness.
• Deliver Control Room and MNPI training to employees, including onboarding sessions and periodic refreshers.
• Perform other Compliance duties as may be assigned.

Required Qualifications

• 5+ years of broker-dealer or investment adviser compliance experience, with direct Control Room, information barrier, or MNPI/watch-restricted list responsibility.
• Working knowledge of FINRA and SEC rules governing information barriers, insider trading prevention, and Regulation ATS.
• FINRA Series 7 and Series 63 (Series 24 preferred; will consider candidates willing to obtain it post-hire).
• Demonstrated experience managing wall crossings and restricted/watch list administration in a live transaction environment.
• Strong written communication skills; comfortable drafting policy language and escalation memos that could be reviewed by a regulator.
• Prior people management experience or demonstrated readiness to manage a direct report.

Preferred Qualifications

• Experience in private markets, investment banking, secondary trading, or alternative trading systems (ATS).
• Familiarity with StarCompliance or a comparable surveillance/monitoring platform.
• Experience supporting FINRA examinations.
• Prior exposure to a dual-registrant environment (broker-dealer and investment adviser under common ownership).

Education

• Bachelor's degree required; JD or compliance-related certification (e.g., CSCP) a plus but not required.