Commercial Bank Customer Derivatives Compliance Advisor

NYC 299 Park Avenue (22957), United States of America, New York, New York

At Capital One, we're building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Commercial Bank Customer Derivatives Compliance Advisor

Job Description: The Compliance Advisor is responsible for ensuring compliance with laws, regulations, policies and procedures of the Commercial Bank's Capital Markets - Customer Derivatives line of business (Front Office and Operations).

Summary: The Customer Derivatives trading desks (Commodities, Foreign Exchange & Interest Rate) offer a broad spectrum of hedging tools in the form of derivatives to assist its customers with managing commodity, interest rate and FX market risk and hedging thereof.

As part of the Derivatives Compliance Team, the Compliance Advisor performs a key risk management role (second line of defense), to help ensure business initiatives and the derivatives trading desks' business processes comply with applicable laws including, but not limited to Title VII of the Dodd-Frank Act, OCC regulations and the Volcker Rule (Proprietary Trading). While working within the Compliance Management Program (CMP) framework, the Compliance Advisor is responsible for executing tasks outlined in the CMP, providing real-time compliance advice to the three trading desks and participating in various business and Compliance initiatives.

Responsibilities: The Compliance Advisor supports the three customer derivatives desks line of business by:

  • Advising the trading desks sales and trading staff and supporting operations functions with advice related to applicable regulatory requirements
  • Assisting on new business initiatives (e.g., expansion into new products or client base)
  • Providing guidance on business policies, standards, and procedures;
  • Providing effective challenge and guidance on compliance risks and support line of business through various interactions (e.g. sitting on the trading desk) and forum engagements
  • Providing recommendations for implementing controls and other risk mitigation measures to addresses existing and emerging risks as well as related regulatory requirements
  • Evaluating the business unit processes and controls to identify vulnerabilities and provide recommendations for developing controls
  • Managing regulatory applicability and managing applicable regulations in centralized system of record
  • Providing periodic Compliance reporting to various internal forums
  • Assisting other members of Derivatives Compliance team with ad-hoc projects
  • Managing inquiries from internal audit and compliance testing team


Basic Qualifications:
  • Bachelor's degree or Military Experience
  • At least 5 years within Financial Services with at least 1 year of experience in a compliance or risk function


Preferred Qualifications:
  • Experience with swaps (FX, Commodity or Rates) or exchanged traded futures (oil & gas)
  • Have familiarity with and the ability to develop a thorough working knowledge of CFTC regulations and exchange rules related to futures
  • Experience working within Financial Services including customer or client engagement
  • Basic knowledge of product lines including Foreign Exchange (FX), Interest Rate and Commodity derivatives
  • Excellent written and verbal communication skills.
  • Self-starter that's willing to operate with limited supervision
  • Strong organization skills
  • Good time management and attention to detail are critical to this position
  • Flexibility in learning new topics, handling change and deadlines
  • Comfortable representing Derivatives Compliance with Front Office partners and other internal stakeholders


At this time, Capital One will not sponsor a new applicant for employment authorization for this position.


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