Trading Supervisory Risk Control Manager

Overview

Job Title: Trading Supervisory Risk Control Manager — to join our Equity Sales and Trading team in New York, NY and Greenwich, CT.

At Piper Sandler, we connect capital with opportunity to build a better future. Piper Sandler is a leading institutional middle market investment bank firm serving clients in the U.S. and internationally. The firm focuses on financial advisory and capital markets that win through deep sector expertise, candid advice, and a differentiated, highly productive culture — enabling growth and success for our clients as well as rewarding careers for our employees.

Reporting to the Head of Sales and Trading Supervision and Administration, this role is responsible for executing compliance risk control analysis, data management and solutions for supervision within the equities sales and trading business line. The position is primarily responsible for performing supervisory and regulatory oversight functions, compliance control reviews, and related tech-enabled solutions and data analysis, as well as assisting with process logistics and coordination between the business and the compliance department.

• Perform supervisory control testing over Equity Sales and Trading and other relevant written supervisory procedures to ensure adherence to SEC, FINRA, and other relevant regulations.
• Collaborate with other departments to address compliance-related issues identified during testing, draft reports, and ensure effective controls are in place.
• Assist with updating and review of trading written supervisory procedures, in collaboration with compliance, as rules change, business processes change, or supervisory control testing results indicate updates are necessary.
• Review new business initiatives, and changes to existing activities to identify and formulate business-line risk and supervisory process solutions.
• Assist in responding to any regulatory inquiries, examinations or investigations.
• Assist with compliance training, attestations aimed at enhancing understanding and adherence to the firm's policies.
• Seek improvement opportunities and efficiencies in supporting technologies, compliance oversight, reporting, as well as control structure within business systems and processes.
• Act as a liaison and point of contact between the Compliance and Equity Supervision, Operations, and other business partners.
• Assist in the creation and management of key metrics including escalation of issues identified during regular monitoring and testing activities to Compliance Director and business line management.
• Stay abreast of the local and global regulatory environment and work closely with Piper Legal and Compliance Depts.
• Participate in internal and external industry committees for benchmarking of regulatory expectations and relevant best practices.
• Assist the Compliance Technology team in performing data integrity testing over Surveillance reports utilized by Compliance team members in their Regulatory capacity.

• 7-10 years of relevant experience; prior experience with an institutional broker-dealer desired.
• Bachelors' degree required — Business, Finance, Economics, or related field.
• FINRA Series 7, 24, and 4 required or willingness to obtain within 6 months.
• Experience with Equity Sales, Trading, and Capital Markets relevant regulations including order handling, execution, and trade reporting requirements (i.e., Reg SHO, NMS, CAT, Rule 606, etc.) and capital markets requirements (i.e., Reg M, FINRA rules 5130/5131, etc.).
• Proficient with trade surveillance systems, Microsoft Office Suite, and data analytics tools.
• Applied practical experience working with large equities trading data sets, data management systems and equities trading infrastructure.
• Strong communication and interpersonal skills with the ability to interact and collaborate effectively across departments in a professional manner in a variety of situations.
• Attention to detail and ability to handle multiple priorities simultaneously while maintaining a positive and productive attitude.
• Ability to handle confidential and sensitive information and the ability to handle matters with discretion when required.