Principal Swap Dealer Advisor

Principal Swap Dealer Advisor

Locations: NY - New York, United States of America, New York, New York

Capital One, National Association is a CFTC registered Swap Dealer. The Swap Dealer Advisor will advise our Commercial Banking's Sales & Trading and related Operations teams on applicable CFTC swap regulations and futures exchange rules.

This person will regularly interact with various levels of management and will be looked upon to promote prudent, well-controlled compliance with the applicable laws and regulations. The Swap Dealer Advisor will support Commercial Banking through providing expert regulatory advice and thoughtful recommendations that advance the growth business strategy. The Swap Dealer Advisor will also support internal and external risk reporting related to compliance risk as part of the broader Swap Dealer Compliance Team.

Responsibilities:

• Assisting the SD CCO in administering a Swap Dealer Compliance program
• Advising Sales and Trading and related Operations teams on CFTC swap regulations and Designated Contract Market (DCM) rules involving Commodities (energy & metals), Foreign Exchange and Interest Rate derivatives
• Performing root cause analysis, applicability and control reviews and risk assessments
• Helping maintain written policies and procedures of swaps and exchange-traded futures
• Contributing to internal reports (e.g., management committees and the Board)
• Working closely with the Legal Department and outside counsel regarding potential and actual changes in CFTC and NFA rules, regulations and interpretive guidance
• Leading the implementation of new / amended rules and regulations
• Working with Compliance Assurance to ensure compliance testing is appropriate based on the level of risk
• Liaising with the Surveillance Team on disposition of alerts related to communications and trading
• Assisting with the development and delivery of compliance training
• Representing Capital One in industry working groups dedicated to advocacy, interpretation and implementation of new/proposed rules
• Assisting with audits and regulatory/DCM inquiries, coordinating collection and review of responses
• Conduct ongoing compliance risk assessments and coordinate with business leads to identify and mitigate risks and control gaps

Basic Qualifications:

• Bachelor's degree or Military Experience
• At least 2 years of Compliance or Audit experience with a Swap Dealer or experience in Compliance or Risk Management at a commodity trading institution

Preferred Qualifications:

• Juris doctor
• At least 6 years of Compliance or Audit experience
• Strong communication skills with the ability to communicate clearly and succinctly on complex topics
• Strong work ethic and ability to work with limited supervision in a hybrid environment
• Working knowledge of swap dealer requirements within Title VII
• Working knowledge of energy and/or metals futures markets and/or related DCM rules (ICE, CME, LME)
• Strong organizational skills

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Location is New York City: $118,700 - $135,400 for Compliance Advisory Specialist III

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate's offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at View phone number on click.appcast.io or via email at View email address on click.appcast.io. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.