Td Securities USA - New York, NY

posted 4 days ago

Full-time - Senior
New York, NY
5,001-10,000 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Director of Fixed Income & Municipal Securities Compliance Advisory will play a pivotal role in ensuring compliance within the Fixed Income and Municipal Securities business lines at TD. This position requires a seasoned professional with extensive compliance advisory experience, particularly in the realms of Fixed Income and Municipal Securities, as well as derivative asset classes. The primary focus will be on providing real-time compliance advice tailored to the needs of the TD Wholesale Entities Fixed Income and Municipal Securities business units. This role is critical in resolving compliance issues while considering regulatory requirements, firm risk, and industry best practices. A Juris Doctor (JD) degree is preferred but not mandatory. In this capacity, the Director will manage a team of compliance personnel dedicated to supporting the Fixed Income and Municipal Securities business lines. Responsibilities will include providing day-to-day compliance advice across all relevant business areas, ensuring strategic consistency across desks, and advising on firm policies, regulatory requirements, and industry best practices. The Director will also support the ongoing development of the Firm's Regulatory Compliance Management Framework, which includes rules mapping, control mapping, and compliance assessment processes. The role involves identifying regulatory trends and developments that may impact business operations and advising staff accordingly. The Director will draft, update, and implement relevant policies and procedures, provide regulatory and compliance training, and assist the business in implementing various supervisory and control mechanisms. Additionally, the Director will participate in internal investigations, respond to regulatory inquiries, and coordinate internal and external audits and inspections. Interaction with federal and state regulators will also be a key aspect of this role, along with analyzing new regulations and executing necessary implementations. The Director will be responsible for ongoing reporting to senior management and developing proactive strategies that align compliance with business objectives.

Responsibilities

  • Manage Compliance personnel supporting the Fixed Income and Municipal Securities Business lines
  • Provide day to day advice across all FI and Municipal Securities Businesses ensuring strategic consistency across desks
  • Advise business areas on firm policies and procedures, regulatory requirements and industry best practice
  • Support the Firms build out and ongoing support of the Firms Regulatory Compliance Management Framework including Rules mapping, control mapping and ongoing compliance assessment process
  • Identify regulatory trends and developments that impact business areas and advise staff as to how this may impact their current activities
  • Draft, update, and implement relevant policies and procedures
  • Provide regulatory/compliance training
  • Assist the business on implementing and documenting various supervisory/control mechanisms
  • Participate in internal investigations, respond to regulatory inquiries, and coordinate internal and external audits and inspections
  • Interact with federal and state regulators
  • Analyze new regulations and conduct business-based analysis and execute requisite implementation
  • Provide ongoing reporting to senior management
  • Develop and deliver proactive strategies and tactics that support compliance/business objectives

Requirements

  • 10+ years of securities advisory experience
  • Significant experience in providing legal, regulatory or compliance advice to Fixed income sales and trading including Agencies, MBS, ABS, Credit, Munis and Swap products
  • Knowledge of derivatives and equity derivative sales and trading markets a plus
  • Strong knowledge of applicable securities laws, rules and regulations with the ability to assess firm impact, specifically FED, FINRA, SEC, CFTC, NYSE, MSRB and OCC
  • Excellent oral and written communication skills
  • Ability to make, support and defend difficult and complex regulatory/compliance decisions in a fast-paced and high pressured environment
  • Ability to project confidence and professionalism in dealings with senior business personnel
  • Strong knowledge of technology infrastructure and global booking models
  • Ability to work on multiple projects in a fast paced environment
  • Ability to work effectively in a global environment; leveraging and sharing best practices and insights with colleagues globally
  • JD a plus

Benefits

  • Base salary and variable compensation/incentive awards
  • Health and well-being benefits
  • Savings and retirement programs
  • Paid time off including Vacation PTO, Flex PTO, and Holiday PTO
  • Banking benefits and discounts
  • Career development opportunities
  • Reward and recognition programs
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