Compliance Officer, Securities Based Swap Dealer

About Clear Street :

Make sure to apply with all the requested information, as laid out in the job overview below.

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market.

Our platform is fully integrated with central clearinghouses and exchanges to support billions in trading volume per day.

We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs. All so we can provide a best-in-class experience for our clients.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

The Role :

The Compliance Officer for Clear Street Derivatives ( CSD ), a Securities and Exchange Commission (SEC) Securities Based Swap Dealer (SBSD), will be responsible for implementing and maintaining CSD’s compliance program for its SEC regulated SBS activities.

You will be responsible for enhancing and implementing relevant compliance program elements including policies and procedures, training, risk assessments, issues management, governance and management reporting, and assisting in the remediation of any identified issues that impact regulatory compliance.

This position will require engagement with the business, finance, legal, risk, engineering and operations stakeholders. Knowledge of SEC SBS regulations is critical to the roles’ success.

• You will be responsible for CSD’s SEC SBS compliance program, covering total return swaps and other derivative products.
• Provide advisory coverage for the SBSD and derivatives trading sales and trading desks. Evaluate new products, programs, services and business initiatives to ensure compliance issues are identified and addressed.
• Maintain and update a compliance manual and Written Supervisory Procedures reflective of current law, rules, and regulations applicable to security-based swaps.
• Review and educate internal stakeholders on regulatory updates and engage in advocacy and industry discussions on swap dealer matters.
• Advise the business on regulatory requirements, developments and expectations across the swap dealer regimes including swap data reporting, business conduct, margin among other areas.
• Serve as a point of contact and manage relationships with the regulators with regards to swap dealer examinations, inquiries, and issues.
• Assist in preparing the annual CCO report for the SBSD.
• Identify, investigate and remediate weaknesses in relevant policies, procedures, systems and training.
• Work closely with the Chief Compliance Officer for CSD and other teams within the SBSD, such as Legal, Finance, Risk, Operations, and IT to ensure compliance with applicable requirements.

Requirements :

• At least seven (7) years of professional compliance experience at a Swap Dealer and / or SBSD
• Bachelor's Degree in Finance, Economics, or related field; JD preferred
• Strong product knowledge and regulatory experience within the OTC derivatives and swap dealer businesses
• Experience writing, maintaining and implementing policies and procedures
• Proven ability to directly interact with regulators, understand their requests and provide guidance to the firm
• Strong research skills; analytical and problem-solving skills; and attention to detail
• Ability to identify, develop and recommend "best practices"
• Excellent communication, especially writing skills

We Offer :

The Base Salary Range is $140,000 - $190,000. These ranges are representative of the starting base salaries for this role at Clear Street.

Which range a candidate fits into and where a candidate falls in the range will be based on job related factors such as relevant experience, skills, and location.

These ranges represent Base Salary only, which is just one element of Clear Street's total compensation. The ranges stated do not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance.

Our belief has always been that we are better as a business when we are all together in person. As such, beginning on January 2, 2023, we are requiring employees to be in the office 4 days per week.

In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes.

We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse in ideas, in cultures, and in experiences.

We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.

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