Senior Regulatory Specialist
Jane Street Group, LLC has multiple openings for a Senior Regulatory Specialist in New York, New York.
The position duties are as follows: Provide regulatory reporting and capital management for Jane Street's broker-dealer entities, ensuring compliance with SEC Net Capital Rules (15c3-1). This includes producing daily net capital reports, monitoring real-time trading positions to prevent capital breaches, researching regulatory changes, and maintaining and monitoring automated capital monitoring systems.
Day-to-day duties include:
- Calculate daily net capital positions by aggregating instrument types, applying regulatory haircuts, and comparing prime broker margin requirements against regulatory capital requirements;
- Monitor real-time desk positions and capital allocation via capital-monitor to prevent intraday breaches;
- Investigate alert triggers for potential misbookings or limit breaches and coordinate with trading desks to resolve issues;
- Track SEC and FINRA regulatory updates and analyze how rule changes will impact broker-dealer operations;
- Analyze how new trading flows and instruments impact net capital requirements under SEC Rule 15c3-1;
- Create technical specifications for software development teams to automate net capital calculations and reporting;
- Develop Python and VBA scripts to automate reports on net capital, haircuts, and deductions;
- Prepare and file monthly FOCUS reports with the SEC, including reconciliation of internal trading data; and
- Collaborate with auditors and regulators during exams to justify net capital calculations and compliance methodologies.
The position requires a 3 or 4 year Bachelors degree in Finance, Economics, or a related field or foreign equivalent plus 4 years of progressively responsible experience as a regulatory specialist or similar occupation at a registered broker dealer firm or foreign equivalent. Experience must include:
- 2 years of experience producing and reconciling daily net capital reports and monthly FOCUS filings for a broker-dealer;
- 2 years of experience working in a multi-jurisdictional regulatory environment, including tracking, analyzing, and incorporating regulatory updates across different regulatory bodies such as IFPR, MAS, SFC, and SEC;
- 2 years of experience collaborating with and writing functional and data-architecture specifications for internal technology teams to build custom regulatory capital infrastructure;
- 2 years of experience using Python for regulatory capital calculations and portfolio monitoring;
- 2 years of experience using VBA to automate Excel reporting of daily net capital reports and monthly capital files;
- 2 years of experience monitoring intraday capital requirements and working directly with trading desks to manage capital allocation, including analyzing capital impact of large and/or new trading flows, realtime monitoring of capital usage relative to limits, and communication of costs and charges to traders;
- All technical requirements for this role may be subject to employer conducted testing to assess minimum proficiency.
Part time telecommuting may be permitted with manager approval.
Ref. SRS26
