Principal Swap Dealer Compliance Advisor

Discover Financial
New York
Full timeUSD 131,800 - 150,500 annuallyFunction: Legal, Risk & ComplianceExperience: 3+ yearsEducation: bachelorsSkills: ["Communication","Stakeholder management","Problem-solving","Organizational skills","Ability to work independently"]

Advise the Swap Dealer Compliance program by partnering with Commercial Banking Sales & Trading, Corporate Treasury Derivatives, and related operations on CFTC, NFA, and designated contract market (DCM) requirements. Support the SD Chief Compliance Officer, perform applicability/control reviews and risk assessments, coordinate compliance testing, and help manage reporting, audits, and rule changes while assisting with training and surveillance alert disposition.

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Discover Financial
Discover Financial
11 hours ago

Principal Swap Dealer Compliance Advisor

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Last checked: 11 hours agoStatus: Live

Job Summary

Advise the Swap Dealer Compliance program by partnering with Commercial Banking Sales & Trading, Corporate Treasury Derivatives, and related operations on CFTC, NFA, and designated contract market (DCM) requirements. Support the SD Chief Compliance Officer, perform applicability/control reviews and risk assessments, coordinate compliance testing, and help manage reporting, audits, and rule changes while assisting with training and surveillance alert disposition.
Location: New York
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Mid level

Key Responsibilities

  • •Assist the SD Chief Compliance Officer (CCO) in administering a Swap Dealer Compliance program.
  • •Advise Sales & Trading and related operations on CFTC swap regulations and DCM rules for commodities, foreign exchange, and interest rate derivatives.
  • •Perform root cause analysis, applicability and control reviews, and risk assessments to identify and mitigate compliance risks and control gaps.
  • •Maintain written policies and procedures for swaps and exchange-traded futures, and support internal and external compliance risk reporting.
  • •Coordinate with Legal, Compliance Assurance, Surveillance, and audit/regulatory inquiries, including drafting the SD CCO Annual Report and supporting compliance training and industry working groups.

Pay and Benefits

Salary: USD 131,800 - 150,500 annually

Key Requirements

  • •Bachelor’s degree or Military experience.
  • •At least 3 years of experience in swap dealer, compliance, legal, risk management, or audit within financial services.
  • •At least 3 years of experience translating regulatory requirements into operational processes and business solutions.
  • •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.
Experience:3+ yearsFinancial servicesDerivativesSwap dealer complianceRegulatory compliance
Education:Bachelor's
Skills:CommunicationStakeholder managementProblem-solvingOrganizational skillsAbility to work independently

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn