Trade Surveillance & Compliance Officer

Trade Surveillance and Compliance Officer

$125,000-$175,000

Location: New York, NY (Hybrid)

Company Overview

RQD is a modern correspondent clearing firm that offers clearing, custody, and execution solutions designed to meet the needs of today’s dynamic market participants. Built entirely on cloud-native, real-time technology, RQD can quickly and seamlessly enhance its platform, adapt to regulatory changes, and offer a more efficient implementation that scales as clients grow. In addition to portfolio margin, RQD supports U.S. equities, options, ETFs, and other securities, catering to broker-dealers and FinTechs, including RIAs, that service retail, institutional, and active traders, foreign financial institutions, and proprietary trading firms.

This is an opportunity to work for a fintech start-up and to be an integral part of growing a broker-dealer from the ground up. As a small, hardworking team, we pride ourselves on our entrepreneurial culture and cross team collaboration. We recently raised our Series A funding and are in a very exciting stage of growth.

Position Overview

As we continue to expand our reach, we are seeking a highly skilled Trade Surveillance Compliance Officer to join our Compliance Team to assist in the expansion and enhancement of our Trade Surveillance and Market Abuse Compliance Program. In this position, you will be responsible for reviewing, investigating and dispositioning alerts generated through RQD’s automated system as well as designing and building out reports to ensure adherence to regulatory requirements and guidelines. This is a prime opportunity for someone with expertise in surveillance to also broaden their skillset. This role requires previous trade surveillance experience.

Duties/Responsibilities

Assist in directing the firm’s Trade Surveillance Compliance Program

Review and evaluate the firm’s Trade Surveillance Policies, Procedures and Parameters and update as needed

Draft and update the Firm’s WSP’s, AML program or other Firm documents relating to Trade Surveillance as needed

Conduct comprehensive internal compliance reviews of trade surveillance alerts on a daily basis

Present cases to Management for further review, investigation, analysis and determination if a regulatory filing is warranted

Draft Suspicious Activity reports if required

Communicate results and issues with Management

Actively monitor regulatory developments

Research and analyze Trade Surveillance exchange rules and interpretations

Assist in responding to regulatory inquiries and audits as well as external communications with SRO’s, regulatory bodies and auditors

Qualifications

3-5 years experience working in trade surveillance compliance at a broker dealer, clearing firm, regulator or firm subject to the rules of the SEC and FINRA

Experience with trade surveillance typologies as well as with automated trade surveillance tools (Equity + Options)

Experience with Trillium Surveyor is a plus

Experience with AML and SAR filings is a plus

Proactive, able to work well under pressure

Effective communicator -- able to interact well with different teams and personalities

Exceptional writing skills

Series 7 and 63 (within the first 6 months of joining)

Salary Range

$125,000 $175,000 USD

RQD* Clearing is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.