What are the responsibilities and job description for the Compliance Manager position at Velox Clearing?
Regulatory Compliance Manager
About the Role: We are Velox Clearing, a clearing broker/dealer located in Miami, Florida, in search of an experienced Regulatory Compliance Manager. The ideal candidate has a strong background in securities regulation and 5-7 years of recent experience within broker-dealer and securities clearing financial services.
This is a critical leadership role requiring a candidate who can take full ownership of our internal compliance, trade surveillance, and regulatory affairs programs. You will serve as a primary liaison with regulators, shape internal policies, and ensure our firm meets the complex compliance needs of a modern clearing environment. Preference will be given to applicants with direct clearing firm experience who meet all required licensing and certifications.
DUTIES AND RESPONSIBILITIES
Regulatory Affairs & Internal Compliance:
- Regulatory Liaison: Act as a primary point of contact for regulatory bodies, leading communications and interactions with the SEC, FINRA, OCC, DTCC, and various Exchanges.
- Regulatory Inquiries & Exams: Take ownership of gathering data, drafting responses, and managing regulatory, internal, and external inquiries, audits, and routine examinations.
- Policy Development: Lead the development, drafting, and continuous review of internal compliance policies and Written Supervisory Procedures (WSPs) to ensure strict alignment with evolving SEC and FINRA regulations.
- Internal Adherence & Testing: Ensure firm-wide compliance by conducting routine reviews, testing policies, and identifying areas for regulatory improvement or remediation.
- Client Due Diligence (AML/KYC): Assist with the onboarding process by conducting rigorous compliance due diligence on correspondent broker-dealers, including reviewing their internal compliance frameworks.
- Trade Surveillance: Lead and continuously improve the firm’s trade surveillance program to detect and prevent market abuse, insider trading, and regulatory violations. This includes developing internal tools, integrating with third-party vendors, and tracking escalated matters to resolution.
- Oversee onboarding supervision of registered representatives, including review of U4/U5 filings and disclosure events
- Continually evaluate systems used to meet the requirements of applicable rules and regulations and propose enhancements to increase efficiency and effectiveness
- Regulatory Reporting: Ensure the accuracy and timeliness of regulatory filings, utilizing a strong working knowledge of CAT (Consolidated Audit Trail) Reporting to support the broader compliance department.
QUALIFICATIONS
- Experience: 5 to 7 years of relevant regulatory and compliance experience within the financial services industry, specifically within a clearing firm and / or broker-dealer environment.
- Clearing Expertise: Prior exposure to clearing firm operations, compliance requirements, and foreign correspondent relationships is highly preferred.
- Regulatory Knowledge: Deep, demonstrable knowledge of FINRA 3110, 3120, 3130 and SEC rules and regulations, and a clear understanding of the unique compliance obligations of a clearing firm, and associated broker dealers.
- Technical Proficiency: Experience with data and trend analysis related to trade surveillance and compliance monitoring programs. Working knowledge of MS Office is required.
- Soft Skills: An independent self-starter with a proactive, can-do attitude. Must be highly organized with exceptional interpersonal skills and the ability to communicate complex regulatory concepts clearly and effectively, both verbally and in writing.
- Background: A clean FINRA U4 and background check is strictly required for this position.
LICENSE / CERTIFICATION REQUIREMENTS
- FINRA Series 7: Required.
- FINRA Series 24: Strongly recommended.
- Clearing Firm / Broker-Dealer Experience: Required.
COMPENSATION & BENEFITS
This position is a full-time, hybrid role located at our Headquarters in Miami, FL. Salary is highly competitive and commensurate with experience. We offer a comprehensive benefits package including health, dental, and vision insurance. Life insurance, long-term disability, and 401(k) options are also available.