Compliance Officer

About Clear Street:

Clear Street is modernising the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm, replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimising risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we are building the essentials to compete in today’s fast-paced markets.

The Role:

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. 

Responsibilities:

• 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.

Skills required:

• 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.

We Offer:

At Clear Street, we offer competitive compensation packages, company equity, pension, gender neutral parental leave, and full medical and dental insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office a minimum of three days per week.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.

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