Chief Compliance Officer, LSI

Lloyds Overview: 

Lloyds Bank Corporate Markets, plc (“LBCM”) forms an integral part of Lloyds Banking Group, a UK-focused retail and commercial bank with more than 30 million customers globally. We have been operating in North America for over 100 years, providing a client-focused approach for global businesses with strong links to the UK. Our New York operations provides a gateway between the UK and North America for financial institutions and large corporate clients, offering core banking products such as lending, trade finance and a range of debt capital and financial markets services through our US broker dealer, Lloyds Securities Inc. (“LSI”)

Lloyds Bank is committed to attracting, retaining and developing the best talent in the industry and embracing the diversity of our people. We offer our colleagues ongoing training, development, mentoring and networking opportunities, as well as competitive benefits and vacation leave. We are dedicated to working with our community and offer a range of volunteering and fundraising activities throughout the year.

Diversity and inclusion are a part of who we are at Lloyds Bank. Lloyds North America strives to create a culture where every individual feels included, and empowered to be their best. Providing equal employment opportunities to all applicants and employees without regard to race, color, religion, creed, gender, gender identity or expression, age, national origin or ancestry, citizenship, disability, sexual orientation, marital status, pregnancy, veteran status, membership in the uniformed services, genetic information, or any other basis protected by applicable law.

Lloyds values diversity in all backgrounds and experiences and wants their employees to bring their “whole self” to work!

Reasonable Accommodations for Qualified Individuals with Disabilities During the Application Process
Lloyds North America is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Human Resources Dept at: NRHR@lbusa.com

Role Overview:

Join Lloyds as a Chief Compliance Officer (CCO) and contribute significantly to a dynamic and bold finance and insurance landscape! As a CCO, ensuring Broker Dealer compliance with all applicable laws and regulations affecting the local broker-dealer businesses is key. Providing mentorship to North American management teams on compliance and regulatory matters, while formulating, directing, and implementing effective strategies and policies, will be a primary focus. Your role will be critical in maintaining a sound supervisory structure and control framework to ensure continued compliance with government regulations.

Chief Compliance Officer Responsiblities:

• Lead LSI’s implementation, maintenance, and enforcement of all relevant Policies and Written Supervisory Procedures in line with regulatory requirements.
• Direct and empower the LSI Compliance team, ensuring timely conformity to all North American processes for performance management and personal development.
• Review new products, activities, businesses, governance, and services to ensure consistency with law, regulatory requirements, and LSI’s procedures.
• Ensure a robust Series 24 supervisory structure. Author LSI’s annual 3120/3130 Supervisory and Controls Report.
• Handle all FINRA licensing requirements, including colleague U4 / U5 and fingerprinting requirements as well as CRD pre-authorizations and background verification.
• Conduct LSI’s training needs analysis and document LSI’s Firm Element training plan. Develop and deliver the Annual Compliance Questionnaire and Annual Compliance Meeting. Coordinate FINRA’s continuing education requirements for registered colleagues and ensure timely completion.
• Run all North America Control Room functions, including watch list, restricted list, MNPI control.
• Lead all aspects of LSI’s communications monitoring program, including email and voice review, marketing materials review, conferences, and speaking engagements.
• Handle all SEC 17a-3 / a-4 record retention requirements.
• Ensure compliance with trade reporting of fixed income securities to TRACE and SEC 17H regulatory reporting requirements.
• Supervise LSI’s conflict management requirements, including LSI’s Personal Account Dealing Program, Gifts and Entertainment Program, Outside Business Activities, and Private Securities Transactions.
• Run LSI’s market surveillance program, including monitoring and disposition of automated surveillance alerts.
• Act as a point of contact for all European regulations applicable to the business – MiFID, MAR, and SMCR.
• Be responsible for all 15a-6 chaperoning requirements to ensure Lloyds’ ability to service US customers from London.
• Handle external regulatory examinations, information requests, and targeted reviews. Provide updates to the Broker Dealer's FINRA coordinator for any changes to the LSI business strategy or control framework. Ensure LSI’s FINRA Form BD is kept current.
• Maintain close relationships with the Bank’s internal control framework (Internal Audit and Operational Risk).
• Stay ahead of new rules and rule changes. Provide LSI’s Management Committee with advice on legal or regulatory changes, which will cause alterations to LSI’s policies, procedures, or supervisory structure.
• Report to the Head of Compliance and Lloyds’ UK counterparts of any identified non-compliance with Lloyds or governmental rules or regulations.

 Experience Required:

• 10 years of proven experience in broker/dealer compliance roles.
• Experience in running and leading a team of professionals.
• Strong leadership skills with the ability to demonstrate effective judgment, drive, influence, and execution.
• Strong oral and written communication skills.
• Strong project and organizational change skills.
• Verified understanding of the U.S. securities regulatory environment.

Education/Licenses  required:

• College degree. Graduate degree or equivalent experience a plus.
• Series 7 and 24 or Series 14.

Salary Range: $250,000 - $300,000