Swap Dealer Compliance Officer - Rabobank - New York, NY

Our Organization

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, real estate, and renewable energy project financing. Founded over a century ago, Rabobank is one of the largest and safest banks in the world, with nearly $1 trillion in assets and operations in more than 40 countries, and ranks among the highest rated private banks by Standard & Poor’s and Moody’s. Rabobank is a premier bank to the international food and agriculture industry, as well as a leading financier of solar, wind, bioenergy, and energy infrastructure projects.

In the Americas, Rabobank is present in the United States, Argentina, Brazil, Canada, Chile, Mexico, and Paraguay, providing both retail and wholesale banking services as well as real estate and leasing services. The bank’s wholesale banking products focus on these banking areas:

Lending and Credit

Trade and Commodity Finance

Acquisition Finance

Renewable Energy and Infrastructure Finance

Global Client Solutions

Mergers & Acquisitions Advisory

Food & Agribusiness Research and Advisory

Capital Markets

Your Function:
The person performing this advisory position will be responsible for supporting the implementation and management of the overall compliance program for the CFTC-regulated swap trading activities of the Bank globally, and for the foreign-regulated swap activities conducted by the Bank in the US. This person will be part of the team supporting the designated Chief Compliance Officer (or equivalent officer, subject to substituted compliance) as a subject matter expert. The Bank’s swap dealer entities collectively conduct US-facing swap dealing activities in products including Commodities, Rates and FX. The person in this role will be responsible to develop and maintain a robust global Compliance Program for the Bank to ensure compliance with all applicable regulatory requirements including those implemented under various international regulatory regimes including the Dodd-Frank Act, MiFID, and EMIR.

Responsibilities will include:
Assist with the ongoing development and implementation of the 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 the Bank’s regulated swap activities

Assist with annual gap analyses to identify and update all impacted bank policies globally

Provide ongoing support to the designated CCO of the Bank for CFTC-registered swap dealing activity, 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 registered Swap Dealer.

Work with business management and Compliance surveillance staff on the development of first and second-level controls/surveillance needed for each Swap Dealer.

Work with Compliance inspection teams and/or Audit staff on the development and ongoing testing/monitoring of the effectiveness of the policies and procedures for the registered Swap Dealer.

Work with Business Line Compliance staff covering product lines and other relevant areas on annual risk assessments needed for the registered entity.

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 CCO Report for the registered Swap Dealer, and any other required periodic reports that the CCO will be required to make to the governing body or relevant regulatory authorities.

Comply with all US laws, rules and regulations, including without limitation, AML and OFAC/Sanctions requirements and the reporting of suspicious activity (and all related policies, procedures and guidelines), as well as the:

Anti-Bribery and Corruption Policy

Anti-Money Laundering Policy

Clean Desk Policy

Code of Conduct

Complaint and Whistleblower Protection Policy

Conflicts of Interest Policy

Gift and Entertainment Policy

Information Barrier and Confidentiality Policy

Media Policy

Outside Interest Policy (Including Outside Business Activities and Private Investments)

Personal Investment Policy

Required Absence from Sensitive Position Policy

Sanctions Policy

World Wide Compliance Standards

Employee Policy Manual

Your Profile:
Qualifications:
Essential:
10 years of 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

Desirable:
JD or other advanced degree

Securities and/or futures licenses

Job Skills and Knowledge:
Essential:
Understanding of the swap market for one or more product classes

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

Desirable:
Familiarity with trading deal capture systems

Experience in an investment banking environment

We Offer:
Rabobank New York Branch offers a comprehensive benefits program that is among the finest in the industry featuring:

Medical/Dental/Vision Plans

Defined Contribution (401k) Plan with Employer Match

Paid Vacation based on position and length of service

Life and Disability Insurance

Health and Dependent Care Flexible Spending Plans

Transportation Reimbursement Incentive Plan

Educational Assistance Program

Also offering:
Portable Voluntary Benefits including Pet Insurance

Automobile and Homeowner’s Insurance

Cancer Protection Plan

Legal Insurance Plan

Optional Life and Disability Insurance

Interested?

Qualified candidates who are interested in this role are encouraged to apply directly online including their resume and related documents. If you have any questions, you can email Rachel.Marshalsea@Rabobank.com .