Chief Compliance Officer

Chief Compliance Officer

Website Nearwater Capital

Nearwater Capital is a specialty finance company.  With principal offices in New York City, it is focused on providing asset-based financing solutions for its global client base across the US, Europe, and Australia.  It is expanding its business and is seeking an organized and experienced Chief Compliance Officer to oversee the registration and ongoing compliance program for Nearwater’s securities-based swap dealer.

Responsibilities of the Chief Compliance Officer will include:

  • Construct, implement, and execute the securities-based swap dealer compliance program for Nearwater Capital Markets
  • Contribute leadership to the project of registering with the SEC and assist managing relationships and deliverables with regulatory and accounting consultants
  • Serve as one of the primary points of contact with the SEC and manage all periodic exams
  • Evaluate and assist with implementation of any information technology solutions related to regulatory compliance
  • Implement and maintain a compliance manual reflective of current law, rules, and regulations applicable to the contemplated business
  • Support processes required under rule 18a-1, including the calculation and reporting of Excess Net Capital
  • Administer up-to-date training sessions and memos
  • Provide surveillance and oversight to business including email review and supervisor escalations
  • Perform annual compliance testing and verification processes
  • Deliver annual report to CEO including 15c3-5 verification
  • Ensure that all KYC and AML requirements are met
  • Complete any SEC mandated annual compliance meeting and firm element training
  • Establish, maintain, and perform periodic tests of a Business Continuity Plan
  • Retain records and ensure document owners receive training to retain required business records
  • Develop new policies and procedures for regulatory demands placed upon the dealer
  • Draft and maintain Written Supervisory Procedures

Skills of the Chief Compliance Officer will include:

  • Demonstrated experience with the construction, implementation, and execution of a compliance program for a registered swap dealer, securities- based swap dealer, or broker-dealer
  • Demonstrated understanding of the requirements of the Dodd-Frank Act and associated regulations relating to securities-based swap dealers, including applicable SEC rules and regulations
  • Experience interacting with regulators, including the SEC
  • Experience evaluating and implementing vendor-sourced IT solutions related to regulatory compliance
  • Familiarity with sales and trading of total return swaps
  • Highly organized and capable of dealing with multiple, complex projects simultaneously
  • Experience and ability to contribute in other areas such as legal and / or operations preferred, but not required
  • Demonstrating a commitment to best practices and promoting a culture of compliant behavior as a leader of Nearwater

To apply for this job email your details to