Options Compliance Principal

The role involves supporting branch offices and collaborating with various departments to ensure compliance with SRO regulations and company policies. Responsibilities include:

• Addressing inquiries related to SRO regulations and company policies.
• Collaborating with departments such as P&S, Margin, New Accounts, and other administrative teams to resolve compliance issues.
• Analyzing and assessing Option Account Information and Agreement Forms to ensure alignment with the firm's client suitability standards and investment goals.
• Making decisions to approve, deny, or adjust options strategy levels as needed.
• Developing and contributing to the implementation of new company policies and procedures concerning options trading.
• Examining exception reports that highlight option trades not aligned with clients' suitability and investment goals.
• Working in partnership with IT to develop new exception reports targeting potentially problematic options activity, such as excessive trading, concentrated positions, and significant option losses.
• Alerting branch offices to potential issues and escalating them when necessary.
• Collaborating with IT and the Margin Department to integrate hard options trading blocks into the Order Management System (OMS) to prevent trades exceeding clients' compliance-approved suitability levels.
• Evaluating and authorizing advertising materials related to options trading.
• Reviewing daily LOPR Exception Reports to identify any reporting deficiencies and working with Purchase and Sales and IT to resolve issues.
• Participating in various projects on a daily, weekly, or monthly basis.

Skills Required

• Strong understanding of SRO regulations and firm policies.
• Excellent analytical skills for evaluating client suitability and investment objectives.
• Ability to create and implement policies and procedures effectively.
• Proficient in working with IT systems and developing exception reports.
• Strong collaboration skills, particularly with IT and Margin departments.
• Experience in reviewing and approving marketing and advertising materials.
• Attention to detail in monitoring and resolving reporting discrepancies.
• Ability to manage and prioritize multiple projects simultaneously.

Licenses Required: Series 4