Compliance Project Manager - Broker Dealer Services

The Compliance Project Manager for Broker Dealer Services at this Hedge Fund is responsible for leading the development of the compliance framework, ensuring adherence to SEC, FINRA, CFTC regulations, and global standards. You'll define policies, build scalable infrastructure, and collaborate with teams across compliance, operations, legal, and technology to enhance regulatory efficiencies and risk mitigation. Your role also includes interpreting regulatory requirements and managing audits, all while delivering actionable insights to senior stakeholders.

To qualify for the Compliance Project Manager position within Broker Dealer Services, candidates should have at least a Bachelor's degree in Finance, Business, Law, or a related field, paired with over 10 years of experience in financial services. Expertise in broker-dealer operations and extensive knowledge of SEC, FINRA, and CFTC regulations is essential. Strong project management skills and the ability to influence key stakeholders are also critical for success in this role.

Candidates for the Compliance Project Manager role at this Hedge Fund should possess a robust history within the financial services industry, particularly in hedge fund management or as a compliance officer within broker-dealer or prime brokerage environments. Extensive knowledge of regulatory frameworks, proven experience in policy creation, and hands-on involvement in compliance infrastructure development is necessary to excel in this contract position.

This Compliance Project Manager role at the Hedge Fund is not remote; it is fully onsite, requiring your presence in the office five days a week. This setup enables closer collaboration with teams and a more hands-on approach to overseeing compliance initiatives, ensuring operational excellence in a fast-paced environment.

The expected compensation for a Compliance Project Manager in Broker Dealer Services at this Hedge Fund is between $900 and $1000 per day on a Corp to Corp basis. This competitive rate reflects the level of expertise and experience required to fulfill the responsibilities of this crucial 12-month contract position.

In your answer, you should detail specific instances where you've had to navigate SEC and FINRA regulations, such as implementing compliance policies or leading audits. Be prepared to demonstrate your deep understanding of these regulations and how you applied that knowledge to mitigate risks or enhance compliance frameworks within your previous roles.

When answering this question, outline a step-by-step approach you follow, including assessing regulatory requirements, involving various stakeholders, and ensuring policies align with organizational objectives. Mention any frameworks or methodologies you have successfully used in your past roles while describing measurable outcomes.

Describe how you prioritize communication and relationship-building with teams across compliance, operations, and legal. Share specific strategies you use to facilitate collaboration, such as regular check-ins, cross-functional meetings, and inclusive project updates that keep everyone on the same page.

Provide a situation where you faced challenges during an audit, detailing the issues identified and your approach to addressing them. Highlight your ability to stay organized, communicate effectively with the audit team, and implement corrective actions, emphasizing the positive outcomes that followed.

Explain your systematic approach to breaking down regulatory texts and assessing their implications for the organization's operations. Include how you consult legal experts if necessary and how you ensure ongoing monitoring of regulations to adapt processes and maintain compliance.

Mention specific resources you use to stay informed, such as industry publications, webinars, and professional networks. Highlight any memberships in compliance organizations or participation in continuing education that demonstrates your commitment to staying current and ensuring compliance integrity.

Discuss tools you have experience with, such as project management software, compliance tracking systems, or risk assessment tools. Provide examples of how these tools helped you manage timelines, ensure compliance, and facilitate effective communication across teams.

Relate a specific project you've successfully managed, detailing your planning, execution, and the collaboration involved. Emphasize your leadership skills, the challenges you overcame, and how the project positively impacted compliance and operational efficiency.

Share insights on current trends or changes in regulations that could affect broker-dealer services. Your response should reflect your understanding of the industry landscape and your ability to anticipate challenges and propose proactive strategies to address them.

Discuss performance indicators you consider crucial for measuring the success of a compliance framework, such as audit findings, regulatory reporting accuracy, and improvements in operational efficiency. Provide examples of how you’ve used these metrics in previous roles to adapt and enhance compliance practices.