Compliance Officer, Clear Street
+ Competitive Compensation Packages + Equity
3+ days a week in office
Modern infrastructure for capital markets
Open for applications
Modern infrastructure for capital markets
201-500 employees
Open for applications
+ Competitive Compensation Packages + Equity
3+ days a week in office
201-500 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- Ten years of experience in a compliance role within the wholesale financial services industry
- Strong understanding of UK and international regulatory legislation, regulation and best practice, including MIFID, MAR, EMIR, SFTR, FSMA, FCA rules, ESMA Guidelines, etc
- Detailed knowledge of the CDD requirements for onboarding complex and high-risk clients, including offshore entities, hedge funds, unregulated corporates, politically exposed persons and oligarchs
- Excellent analytical, problem-solving and decision-making skills
- Strong written and verbal communication skills
- Ability to prepare clear and concise management information reports
- Proficiency in Microsoft Office suite
- Confidence to deal with colleagues at all levels of the organisation and get buy-in in order to enhance processes and procedures
- Ability to speak a foreign language desirable
- Thorough knowledge of CASS, EMIR, SFTR
- LME experience preferred
- Futures and options experience preferred, both on and off exchange
- Educated to degree level
- (Preferred) Professional qualifications in compliance management preferred, such as CISI or ICA
What the job involves
- The Compliance Manager will work with the Head of Compliance to develop and manage the CSUK regulatory control framework and function, ensuring compliance with all applicable laws and regulations including those covering conduct of business, SMCR, client assets, RTS 22, EMIR, SFTR, best execution and conflicts of interest
- This role will encompass all aspects of the control framework, incorporating policy development, advisory, training, monitoring, investigations and reporting, and client, counterparty and regulatory engagement
- The function holder will take a lead role in managing the software that is used as part of the control program, including vendor management and liaison
- This is an excellent opportunity for those wanting to contribute within a fast-paced financial technology environment
- The right candidate will have the opportunity to make a big impact through building and shaping this capability across the business
- Provide regulatory advice across a broad range of regulations and products, including CASS, EMIR and SFTR
- Contribute to the ongoing strengthening of the compliance control framework including establishing new controls and writing new policies and procedures
- Oversee core regulatory processes such as personal account dealing, conflicts clearance and employee onboarding / offboarding
- Conduct and / or oversee compliance risk assessments
- Help prepare and deliver the annual compliance plan
- Help prepare and deliver the annual compliance training program, deliver specialized content face to face as necessary
- Undertake compliance monitoring reviews and ensure that corrective action is taken where necessary
- Keep up to date with regulatory legislation, regulation and industry best practice and initiatives, and keep others abreast of relevant changes
- Contribute to the development and management of the suite of compliance policies and procedures in line with relevant legislative and regulatory requirements
- Conduct and / or oversee investigations into regulatory breaches and incidents. Ensure appropriate remedial action is taken where necessary
- Assist with regulatory examinations and audits
- Coordinate with regulators and auditors on regulatory matters
- Prepare and provide documentation to support the effectiveness of the regulatory risk management program
- Provide guidance on the regulatory implications of new business initiatives
- Promote a strong culture of compliance
- Ensure that regulatory returns are completed on a timely and accurate basis
Salary benchmarks
Our take
Clear Street is building up-to-date, cloud native infrastructure for capital markets, bringing clients faster and easier access to things like reporting, clearing, custody, and execution.
It’s been quite a rise to prominence for the New York based startup, which surpassed a billion dollar valuation in 2022 despite only launching in 2018. However, given the previous industry experience of its founders, Clear Street's success should come as no surprise. The trio built the platform as a remedy to their own pain points, missed opportunities, and lack of access to key data in the prime brokerage space.
With its Unicorn status secured and its list of clients growing, Clear Street is now gearing up for a period of rapid expansion, both geographically and across the financial services industry. Securing funding in 2023 from Prysm Capital, the company has money to play with as it continues to pursue better infrastructure for capital markets.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
11% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Apr 2023
$270m
SERIES B
May 2022
$165m
SERIES B
Total funding: $470m
Company benefits
- 401k matching
- Full medical, dental and vision insurance
- Generous vacation time
- Opportunities for professional development
- In-office benefits include lunch stipends, fully stocked kitchens, happy hours, and amazing office views
Company HQ
World Trade Center, New York, NY
Leadership
Chris Pento
(CEO)Financial services & investment veteran with over 30 years in the sector. Worked in Senior Management & Executive roles at Merrill Lynch, Knight Capital, Arxis Capital, Exos Financial, and Engineers Gate LP, before co-founding Clear Street in 2018.
Sachin Kumar
(CTO)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Executive Chairman)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
Share this job
View 17 more jobs at Clear Street