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Swap Dealer Compliance Officer - Assistant Vice President
Deutsche Bank - US
June 5, 2018
Manhattan, New York
Job Title: Swap Dealer Compliance Officer Corporate Title: Assistant Vice President Location: New York, NY
About Deutsche Bank
We are Germany's leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We're driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients' real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.
Job Context & Responsibilities
In this advisory position, you will be responsible for supporting the implementation and management of the overall compliance program for the CFTC-regulated swap and SEC-regulated security-based swap trading activities of Deutsche Bank globally, and for the foreign-regulated swap activities conducted by Deutsche Bank in the US. You will be part of the team supporting the Head of Swap Dealer Compliance (the equivalent of a Swap Dealer Chief Compliance Officer, subject to substituted compliance) as a subject matter expert.
Deutsche Bank's swap dealer entities collectively conduct US-facing swap dealing activities in products including Commodities, Rates, Credit, Equities, and FX. You will be responsible to develop and maintain a robust global Compliance Program for Deutsche Bank's Swap Dealers to ensure compliance with all applicable regulatory requirements including those implemented under various international regulatory regimes including the Dodd-Frank Act, MiFID, EMIR, and Canadian OTC derivatives reform.
Responsibilities will include:
Assist with the ongoing development and implementation of Deutsche Bank's global Swap Dealer Manuals and other Policies and Procedures to ensure that they are reasonably designed to achieve compliance with the requirements of Title VII of the Dodd-Frank Act
Assist with the development and implementation of such Policies and Procedures as necessary to comply with international regulation applicable to Deutsche Bank's swap activities in the US
Assist with annual gap analyses to identify and update all impacted Bank policies globally based on new swap reform regulations
Provide ongoing support to the Head of Swap Dealer Compliance, including:
Recommend and implement changes to the compliance program and the Swap Dealer Manual and related policies/procedures as needed on an ongoing basis
Draft and coordinate the dissemination of regular Compliance Alerts/Reminders globally to ensure that the front office and infrastructure groups are aware of new rules/regulations and policies/procedures relating to the Swap Dealer
Work with business management and Compliance surveillance staff on the development of first and second-level controls/surveillance needed for the Swap Dealer
Work with Compliance Testing teams and/or Audit staff on the development and ongoing testing/monitoring of the effectiveness of the policies and procedures for the Swap Dealer
Work with Business Line Compliance staff covering product lines and other relevant areas on annual risk assessments needed for the Swap Dealer
Work with Compliance Training staff on the development and coordination of initial and ongoing training for employees on requirements impacting the Swap Dealer
Prepare the Annual Compliance Report for the Swap Dealer, and any other required periodic reports that the Head of Swap Dealer Compliance will be required to make to the governing body or relevant regulatory authorities
Level of Skills, Abilities and Knowledge:
Understanding of the swap market for one or more product classes
Previous compliance or regulatory experience, preferably with a federal regulator or self-regulatory organization, or in a trading environment, risk management function, or law firm
Bachelor's degree; JD a plus
Working understanding of Title VII of the Dodd-Frank Act as pertains to the obligations of Swap Dealers and Security-based Swap Dealers
Understanding of OTC clearing
Excellent oral and written communication skills
Ability to project confidence and professionalism in all dealings with business personnel
Ability to make, support and defend difficult and complex regulatory/compliance decisions in a fast-paced trading floor environment
Familiarity with trading deal capture systems, a strong plus
Securities and/or futures licenses, a plus
Experience in an investment banking environment, a plus