What are the responsibilities and job description for the Compliance Director – Equity Sales & Trading position at Piper Sandler?
Job Description
At Piper Sandler, we connect capital with opportunity to build a better future.
We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.
We are currently looking for an experienced Director of Compliance to lead the regulatory oversight for our Equity Sales & Trading division. This role will report to the Chief Compliance Officer and can be based out of Minneapolis, New York, or Greenwich offices.
Key Responsibilities
Regulatory Oversight & Advisory
Our human capital, technology, marketing and other corporate support teams work with our business partners to maximize each employee. We understand the dynamic nature of the industry and work alongside our company strategies. Learn more about our firm here.
Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee’s health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here.
The anticipated starting salary range for individuals expressing interest in this position is $150,000 - $200,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.
All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.
At Piper Sandler, we connect capital with opportunity to build a better future.
We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.
We are currently looking for an experienced Director of Compliance to lead the regulatory oversight for our Equity Sales & Trading division. This role will report to the Chief Compliance Officer and can be based out of Minneapolis, New York, or Greenwich offices.
Key Responsibilities
Regulatory Oversight & Advisory
- Provide real-time compliance guidance to Equity Sales & Trading desks regarding regulatory requirements and firm policies.
- Stay abreast of the local and global regulatory environment and work closely with other Legal and Compliance leads to ensure the firm’s adherence to pertinent securities laws and regulations.
- Monitor and advise on rules related to Regulation SHO, Regulation NMS, Rule 15c3-5 (Market Access Rule), and FINRA Rule 2111 (Suitability).
- Partner with Equity Supervision to maintain robust surveillance programs to detect potential market abuse, including insider trading, wash sales, marking the close, and other manipulative trading practices.
- Oversee the review of electronic communications (e-comms) and trade exception reports to ensure adherence to firm and regulatory standards.
- Perform supervisory control testing of order handling, execution, and trade reporting requirements (i.e. Reg SHO, NMS, CAT, OATS, Rule 606, etc.).
- Coordinate and update policies, procedures, processes, and relevant reviews to align with business needs and applicable rules and regulations.
- Draft, update, and maintain the firm’s Written Supervisory Procedures (WSPs) and Compliance Manuals relevant to Equity Sales & Trading.
- Develop and deliver targeted compliance training programs to front-office personnel regarding regulatory updates, conflicts of interest, and ethical trading practices.
- Act as a primary point of contact for regulatory inquiries, examinations, and investigations (SEC, FINRA, etc.).
- Lead risk assessments, identifying control gaps and driving the remediation of issues identified in partnership with internal audit, exam staff, supervision team members, business partners, and through compliance supervisor control testing activities.
- Bachelor’s degree.
- 10 years of relevant experience.
- Series 4, 7, 24, 57, 63 securities licenses or ability to obtain within 12 months.
- Strong understanding of SEC and FINRA rules, specifically those governing institutional equity sales & trading.
- Experience with trade surveillance systems and data analytics tools.
- Exceptional communication skills, with the ability to translate complex regulatory requirements into actionable business advice in oral and written form.
- You must be willing to be in the office for a minimum of 3 days per week.
- You must be work authorized in the United States on a full-time basis without the need for employer sponsorship now or in the future. For this role, we cannot offer employment to F-1 (student) visa holders who require employer sponsorship in the future or cannot work now on a full-time basis.
Our human capital, technology, marketing and other corporate support teams work with our business partners to maximize each employee. We understand the dynamic nature of the industry and work alongside our company strategies. Learn more about our firm here.
Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee’s health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here.
The anticipated starting salary range for individuals expressing interest in this position is $150,000 - $200,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.
All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.
Salary : $150,000 - $200,000