Swap Dealer Compliance (VP Level)

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What You’ll Be Doing

The Global Swap Dealer Compliance Officer is responsible for performing important advisory, training, trade and position reporting reviews, and analytical functions to support CIBC’s Global Swap Dealer Compliance program.  The Global Swap Dealer Compliance Officer is primarily responsible for 1) advising CIBC’s global OTC Derivatives business on SEC, CFTC, and NFA rule requirements, as well as CIBC’s Global Markets employees on the technical aspects of swap rules under the Dodd-Frank Act; 2) advising internal stakeholders on global swap trade reporting requirements and representing Swap Dealer Compliance on swap reporting meetings with internal parties and external associations; 3) collaborating with Front Office, Regulatory Operations and Technology personnel on developing and implementing solutions to address regulatory requirements including swap trade reporting and global trade reporting rewrites; 4) collaborating with Enterprise Wide Compliance and Regulatory Change Management addressing the new regulations, changes to existing regulations, risk assessments and control mappings, and internal reporting of regulatory matters such as status of rule proposals, exams, audits and enforcement cases; 5) assisting with regulatory exams by NFA, SEC and SEFs; 6) leading remediation of deficiencies identified internally or externally; 7) monitoring sales and trading activities to ensure compliance with CIBC policies and regulatory requirements; 8) ensuring controls adequately address applicable regulatory requirements.   

How You’ll Succeed

• 4-year undergraduate degree;

• Minimum 5-7 years of capital markets experience;

• Experience in providing regulatory or compliance advice in connection with derivatives markets (e.g. commodity, equity, and interest rate swaps) preferred but knowledge of derivatives markets required;

• Understanding of U.S. and Canadian regulatory landscape, with a familiarity with CFTC/SEC Swaps rules,  CSA swap reporting rules, or Europe/Asia region swap reporting rules a plus;

• Ability to understand complex regulatory matters and provide clear and insightful guidance to senior management and trading personnel as directed by Senior Swap Dealer Compliance ;

• Ability to work independently with other staff across functional lines within the Bank;

• Ability to assist with Compliance technology projects;

• Strong proficiency in Powerpoint, Excel, Power BI, Visio a plus;

• Strong interpersonal skills in order to maintain working relationships with senior management;

• Excellent verbal and writing skills;

• NFA Swaps Proficiency Exam completed a plus;