Chief Legal and Compliance Officer, Alpha US

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Reporting to the President of TSX Alpha US, the Chief Legal and Compliance Officer (CLO and CCO) is primarily responsible for overseeing and ensuring compliance with laws, regulatory requirements, policies, and procedures for the Firm. The CLO is a trusted provider of expert and strategic legal and regulatory advice.

As the compliance leader and subject matter expert, the CCO is responsible for establishing standards and implementing procedures to ensure that the compliance programs throughout the broker dealer are effective and efficient in identifying, preventing, detecting, and correcting noncompliance with applicable laws and regulations.

As the legal leader, the CLO is responsible for contract review and negotiation, legal opinion on all matters related to the Firm, and representation with regulators, partners, and any other parties necessary through the course of business.

The position is based in New York City.

Responsibilities

• Lead the provision of the full suite of legal services to the Firm, including evaluating the impact of regulatory changes, drafting, reviewing, negotiating and advising senior management on all contractual agreements

• Work closely with the team on all new product ideas and strategies to ensure alignment with legal and compliance requirements

• Lead the Firm's compliance function designing and implementing internal controls, policies, and procedures to ensure compliance with applicable local, state, and federal laws and regulations, as well as third-party guidelines

• Maintain, update/amend and file all applicable regulatory registrations, licenses and filings to the SEC, FINRA and other applicable regulators; interface with regulatory bodies and staff, manage external and internal regulatory audits / examinations and coordinate requests and responses in a timely and organized manner

• Cultivate strong relationships with key stakeholders, including regulators, industry groups and peers

• Manage the Firm's compliance monitoring and reporting according to the policies and procedures, and run the day-to-day management of the Compliance Program

• Promote a culture of compliance and ethical behavior within the organization

• Advise executive management on critical legal and/or compliance issues, regulatory developments, and changes that may impact the Firm's compliance posture; prepare monthly and quarterly management / board reporting; proactively participate on, or lead (as required) select compliance and other governance committees

• Coordinate, maintain and update annual risk assessment of compliance policies and procedures that drive monitoring and testing plans, and implement program adjustments as necessary

• Deliver high quality results for high priority and time sensitive projects that require independent thinking and take initiative to fully define the problem and recommend solutions

• Work with global team of legal and compliance professionals, sharing U.S. perspective on evolving regulatory requirements, to help develop best practices and advance positive regulatory reforms to benefit the broader capital markets

Qualifications

• Must hold or be willing and able to obtain the relevant regulatory licenses (Series 14 or Series 24 along with prerequisites SIE and Series 7)

• Candidates should offer a minimum of 7 years direct experience in support of investment management operations, legal or compliance program in the financial services industry, preferably within an Equity trading business or venue

• Experience drafting, reviewing and negotiating a variety of commercial agreements

• Admission to the New York State Bar;

• Significant experience working directly with regulators, such as SEC and FINRA, and ability to navigate a complex regulatory environment

• Strong analytical and problem-solving skills to identify and mitigate problems, and the ability to discern the practical application of regulatory and legal requirements

• Strong organization, communication, and time management skills

• Strong relationship-building skills with internal and external stakeholders

• Contributes to a culture of performance, accountability and inclusivity

• Ability to travel as required

Salary: 400,000 USD per year

Please note that the Salary included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world's most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we". Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.