Executive Director, Swap Dealer Compliance Officer

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What You’ll Be Doing:

The Swap Dealer Compliance Officer is responsible for performing important advisory, training, surveillance and analytical functions to support CIBC’s Swap Dealer Compliance program.  The Swap Dealer Compliance Officer is primarily responsible for 1) advising CIBC’s global Swaps OTC Derivatives businesses on CFTC, SEC, and NFA rule requirements, as well as CIBC’s Global Markets employees on the technical aspects of rules for the SEC Security Based Swaps Dealer and the CFTC Swap Dealer; 2) collaborating with Front Office and Technology personnel on developing and implementing solutions to address regulatory requirements; 3) identifying and addressing the regulatory aspects of new U.S. and cross-border business initiatives; 4) assisting with regulatory exams by regulators such as NFA and SEC; 5) developing and conducting training on specific rules and regulations which affect the Swap Dealer sales and trading desk’s daily business activities; and 6) monitoring sales and trading activities to ensure compliance with CIBC policies and regulatory requirements.   

How You’ll Succeed:

• Providing ongoing Compliance advisory services on regulatory matters to personnel in swaps sales and trading businesses and key support functions;
• Analyzing proposed/new rules as well as market and internal business developments to assess the overall impact on the global Swaps OTC Derivatives businesses;
• Assisting with the design and implementation of CIBC’s Swap Dealer and Security Based Swap Dealer compliance program;
• Drafting and maintaining key policies and procedures relating to new CFTC and SEC swaps rules implemented under Dodd-Frank which affect CIBC’s global swaps activities;
• Assisting with the drafting of CIBC’s Annual Swap Dealer and Security Based Swap Dealer Chief Compliance Officer Reports;
• Drafting and maintaining key policies and procedures relating to the swaps and OTC derivatives business to address new or changed regulations, identified deficiencies, or to enhance the overall effectiveness of the Compliance program;
• Collaborating with Technology, Regulatory Operations and front office personnel on the development and implementation of solutions to address existing and new regulatory requirements;
• Coordinating U.S. regulatory exams, compliance exams and audits by Internal Audit;
• Assisting in the preparation of written responses to regulatory exams and inquiries;
• Performing risk assessments of U.S. regulatory requirement group topics  to determine risk ratings under CIBC’s Regulatory Compliance Management framework;
• Assist in the monitoring of daily sales and trading activities of CIBC’s derivatives businesses to assess overall compliance with CFTC and SEC rules pertaining to swaps implemented under the Dodd-Frank Act (e.g. real-time/SDR reporting, large trade