Description
We are seeking a Principal Swap Dealer Compliance Advisor to join our team. As a key member of our Swap Dealer Compliance team, you will advise our Commercial Banking's Sales & Trading, Corporate Treasury Derivatives Desk, and related Operations teams on applicable CFTC and National Futures Association (NFA) swap regulations and futures exchange rules. You will also manage operational processes owned by the Swap Dealer Compliance team.
Responsibilities:
- Assist the SD CCO in administering a Swap Dealer Compliance program
- Advise Sales and Trading and related Operations teams on CFTC swap regulations and Designated Contract Market (DCM) rules involving Commodities (energy & metals), Foreign Exchange, and Interest Rate derivatives
- Perform root cause analysis, applicability, and control reviews and risk assessments
- Help maintain written policies and procedures of swaps and exchange-traded futures
- Contribute to internal reports (e.g., management committees and the Board)
- Work closely with the Legal Department and outside counsel regarding potential and actual changes in CFTC and NFA rules, regulations, and interpretive guidance
- Work with Compliance Assurance to ensure compliance testing is appropriate based on the level of risk
- Liaise with the Surveillance Team on disposition of alerts related to communications and trading
- Assist with the development and delivery of compliance training
- Represent Capital One in industry working groups dedicated to advocacy, interpretation, and implementation of new/proposed rules
- Assist with audits and regulatory/DCM inquiries, coordinating collection and review of responses
- Conduct ongoing compliance risk assessments and coordinate with business leads to identify and mitigate risks and control gaps
Basic Qualifications:
- Bachelor's degree or Military experience
- At least 3 years of experience in swap dealer, compliance, legal, risk management, or audit within the financial service industries
- At least 3 years of experience translating regulatory requirements into operational processes and business solutions
Preferred Qualifications:
- Juris doctor
- 4+ years of Compliance, Audit, regulatory or line of business risk
- Strong communication and stakeholder management skills, with the ability to effectively challenge, influence outcomes, and drive execution
- Strong work ethic and ability to work with limited supervision in a hybrid environment
- Working knowledge of swap dealer requirements within Title VII of the Dodd-Frank Act
- Product Depth: Familiarity with OTC swaps (IRS, FX, Commodities) and/or futures contracts
- Skills: Excellent problem-solving and organizational skills, leveraging AI and emerging technologies to optimize compliance workflows and the ability to manage multiple priorities in a fast-paced environment
This role is eligible to earn performance-based incentive compensation, which may include cash bonus(es) and/or long-term incentives (LTI). The minimum and maximum full-time annual salaries for this role are $120,800 - $137,900 for McLean, VA and $131,800 - $150,500 for New York, NY.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being.