Director, Regulatory, Compliance, & NFR - Financial Markets

Financial Markets | Regulatory & Control Lead | NYC

About ING: 

Ranked #8 on LinkedIn Top Companies in Financial Services

Crain’s 100 Best Places to Work

Ragan’s Top Places to Work in 2023

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

 
When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.
Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

We are seeking a highly skilled and experienced Director to join the Financial Markets (FM)  Regulatory CoE team. In this role you will be responsible for all Regulatory and Non-Financial Risk topics  as an integral part of the FM Front Office working in close cooperation with the CoE team based in Amsterdam and London.

We are seeking a senior regulatory change and NFR lead to ensure all US FM regulatory changes are scoped, analyzed, implemented, and delivered. The role requires a hands-on approach to NFR management to lead the overall FM control environment within the US. This will involve working proactively with the global non-financial risk team and with dedicated support from the US based local experts.

The ideal candidate will have extensive expertise in Financial Markets, Broker Dealer and Swap Dealer/Security-based Swap Dealer regulations (including the global impact of relevant U.S. regulations), compliance, and a deep understanding of front office sales and trading products and processes. 

Responsibilities :

• You act as a partner to the Financial Markets business by providing support, and insights as related to broker dealer and/or swap dealer/security-based swap dealer regulations.
• Communicate new regulatory requirements to business and relevant stakeholders to ensure compliance.
• You serve as the subject matter expert for all relevant regulatory topics, staying abreast of changes and industry best practices.
• Evaluate new products and activities to ensure regulatory issues are identified, remediated, and implemented.
• Drive the implementation of Front Office control & conduct requirements within FM US.
• Maintain policies and procedures to ensure compliance with applicable regulatory requirements (i.e., FED, FINRA, SEC, NFA, and CFTC requirements).
• Liaise with regulatory authorities and relevant industry bodies to represent the organization's interests and address regulatory inquiries and examinations.

Qualifications and Competencies

• Master’s or bachelor’s degree in finance, business administration, or a related field. Advanced degree (e.g., MBA, JD) preferred.
• 8+ years of experience in Front-Office Financial Markets and Regulatory Affairs/Advice and/or Compliance
• Series 7 and 24
• In-depth knowledge of the U.S. regulatory system in general and specifically knowledge of CFTC, NFA, FINRA, and SEC rules and regulations applicable to swap dealer and broker dealer and FED rules applicable to banks.
• In-depth knowledge of relevant regulations and regulatory frameworks, such as Dodd-Frank, MiFID II, MiFIR and Basel III/IV.
• Knowledge of Capital Markets products and offerings, policies and procedures and business culture to reconcile regulatory needs with specific product and operational needs.
• Knowledge and experience in non-financial risk management is a plus.
• Proven track record of developing and implementing regulatory strategies and frameworks.
• Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.
• Capability to drive consensus and, where appropriate, to take a firm position even in the absence of broad-based support.
• You are pro-active, self-motivated, and driven. You work independently and take accountability.

Salary Range $210,000-$235,000

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with working from home, commuting, and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.