Explore thousands of opportunities across Tech:NYC’s member network.


SEF Compliance Surveillance Lead and Advisory Compliance Officer - Legal & Compliance



New York, NY, USA
Posted on Friday, April 26, 2024

The energy of a newsroom, the pace of a trading floor, the buzz of a recent tech breakthrough; we work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We bring out the best in each other through collaboration. Through our countless volunteer projects, we also help network with the communities around us, too. You can do amazing work here. Work you couldn't do anywhere else. It's up to you to make it happen.

What's the role?

Bloomberg’s Legal & Compliance Department plays a critical role in supporting our businesses and operations around the world. We move quickly and thoughtfully to help address a variety of complex legal issues that arise across the Company’s various businesses. Our team is made up of talented and hardworking professionals who think creatively and work collaboratively in an open environment to deliver results, drive innovation, and solve difficult problems. Diversity and inclusion are essential to our success, and we strive to maintain an environment where our employees are empowered to make an impact. We also recognize the value of diversity and inclusion in cultivating a supportive workplace and the importance of giving back to our communities as evidenced by our award-winning pro bono program.

The Global Compliance team within Bloomberg’s Legal Department provides coverage of Bloomberg's regulated entities and products including support for Bloomberg's non-regulated products and services. We work to address regulatory issues, ensure compliance with current/developing rules and regulations, and correspond with regulators. Bloomberg has regulated activities that include regulated trading venues (e.g., UK Multilateral Trading Facility, US Swap Execution Facility), MIFID II benchmark activities, a US Broker-Dealer, and other regulated offerings globally.

We are looking for a Swap Execution Facility (SEF) Compliance Officer to join our SEF Compliance team.

In this role, you will be responsible for assisting the SEF CCO in ensuring compliance with the CEA and CFTC SEF related regulations, as well with relevant foreign regulations. We will expect you to provide interpretive guidance to participants and the business as needed, including real time advisory services globally.

This is a unique team which utilizes the diverse skills and experience of all members to succeed in covering many different products and regulatory requirements. It offers an environment to share knowledge and experiences, and to develop individually in a company that positively encourages collaboration and teamwork.

We'll trust you to:

  • Conduct trade surveillance monitoring, real-time market monitoring and investigations
  • Assess and interpret the relevance of applicable rules and regulations
  • Liaise with regulators, as well as BSEF’s regulatory service provider
  • Respond to regulatory inquiries
  • Assist with investigations and disciplinary actions
  • Provide advisory compliance services to the business
  • Review, update and draft Compliance policies
  • Develop and streamline new and existing Compliance processes
  • Review and approve as necessary system initiatives and enhancements related to SEF functionality
  • Identify potential enhancements in processes and play a role to implement system changes
  • Prepare reports for regulatory bodies and internal management
  • Keep abreast of regulatory changes and their potential impact
  • Act as the second line of defense in a dynamic, forward-thinking business
  • Plan, prepare and conduct continuing education for business stakeholders
  • As part of the broader Compliance team, provide Compliance support to the broad range of businesses operated by Bloomberg LP

You'll need to have:

  • A minimum of 7 years' derivatives, swaps and/or commodities products compliance
  • Experience conducting trade surveillance, real-time market monitoring and investigating potential rule violations
  • Experience in providing compliance advice to business and operations professionals to support the resolution of real-time trading issues
  • A strong understanding of market structure, including swap dealing, reporting and clearing
  • Experience in the financial markets, specifically electronic trading
  • Experience responding to regulatory inquiries
  • Strong communication and interpersonal skills
  • A track record of working with and advising senior business people on compliance matters
  • The ability to advise on regulatory changes and developments
  • Experience in drafting policies, procedures, and manuals, along with preparing reports for regulatory bodies and internal management
  • An analytical mind, the ability to solve complex problems and streamline processes
  • Applicants with experience as sales and trading professionals in swaps, derivatives and/or commodities products will also be considered

We'd love to see:

  • Fluency with financial trading technology
  • Familiarity with Scila software or similar trade surveillance tools
  • A desire to be part of a team in a dynamic and fast-paced organization
  • JD degree

Does this sound like you?

Apply if you think we're a good match. We'll get in touch to let you know that the next steps are, but in the meantime feel free to have a look at: https://www.bloomberg.com/company/what-we-do/

Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy or maternity/parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.

Bloomberg provides reasonable adjustment/accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable adjustment/accommodation to apply for a job or to perform your job. Examples of reasonable adjustment/accommodation include but are not limited to making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment. If you would prefer to discuss this confidentially, please email AMER_recruit@bloomberg.net (Americas), EMEA_recruit@bloomberg.net (Europe, the Middle East and Africa), or APAC_recruit@bloomberg.net (Asia-Pacific), based on the region you are submitting an application for.