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Compliance jobs in New York

Compliance jobs in New York

​The financial services industry has seen many changes over the years with traditional firms being constantly challenged by the evolution of new trends and technologies.

The emergence of digital assets, fintechs and start ups has varied the scope of the once traditional compliance role, making it an increasingly interesting and competitive space to work in.

Every year, new regulations and rules are introduced, meaning compliance professionals must always be on top of the ever-changing sector to properly assess how any regulatory update can affect a business and its activities.

The person leading a compliance regulatory function will have to manage and support c-suite staff, internalise conflicts and exercise supreme judgement in balancing the need to allow its business to flourish in an increasingly complex regulatory environment, whilst avoiding the potentially devastating consequences of non-compliance.

Comliance Teams

Compliance teams can vary depending on the firm, and level of experience needed but can be comprised with the following:

  • Chief Operating Officer

  • Head of Legal and Compliance

  • ​General Counsel

  • Head of Compliance

  • Chief Compliance Officer

  • Legal Counsel

  • Compliance Manager

  • Compliance Officer

  • Compliance Analyst

  • Advisory Compliance

  • Compliance Policy

  • Monitoring, Testing & Surveillance

  • Policy/Regulatory Affairs

Main Key Duties

The key duties within a compliance role might change from one type of firm to another, however its core responsibilities will usually include, but not be limited to, the following:

  • Fostering an ethical culture at the firm

  • Avoiding fines and other penalties from the regulating body (FCA in the UK, SEC in the US)

  • Creating, monitoring and reporting on internal policies and processes: IT, Strategy, OH&S (Occupational, Health & Safety), KYC (Know Your Customer), PEP (Politically Exposed Person) and Sanctions

  • Legal research and anticipating future changes

  • Leveraging future changes in regulation

  • Reviewing marketing material and disclaimers

  • Training sessions to staff

  • Answering “can we do X?” questions from the C-Suite and front office

  • Conducting internal audits

  • Assisting with disciplinary proceedings

  • Reporting to the regulator

  • Making sure that advice considers business objectives

  • Prepare and file regulatory reports with the FCA

Main Skills

As the regulatory function continues to grow the compliance needs in firms have become more robust, meaning compliance professionals may require a niche set of skills.

  • To flourish within a compliance role these skills are required:

  • Broader Business Acumen (Product & Technology knowledge)

  • Interpersonal skills and communication

  • Problem solving

  • Attention to detail

  • Niche candidates and subject matter experts

Need Help Finding a Compliance Role in London?

Contact our specialists regulatory compliance recruitersor see Rutherford's regulatorycompliance jobs.

New York City

New York is known as the cultural, financial, and media capital of the world. Home to the headquarters of the United Nations, its residents speak over 800 languages and over 60 million people visit the city every year to take it all in.

New York is home to Wall Street and the two largest stock exchanges in the world and it’s known as the most financially powerful city in the world with more billionaires in residence than any other city. For over 200 years, the "Big Apple" has been the centre of opportunities where dreams and accomplishments can be big, and is known for it fast pace, which is unrivalled.

Getting around

Put a New York City map in front of you, and you will see how easy it is to get around town. Most of Manhattan's neighbourhoods are after all quite self-descriptive: Upper East Side, Upper West Side, and so on.

Commuting to word can be as easy as putting on a pair of walking shoes: many New Yorkers walk to their destination. If walking isn't your forte, public transit is another great option - or hailing one of its famous yellow cabs. New York is known for its inexpensive and environmentally-friendly rail system, or "subway".

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