I am a Compliance Advisor to the Global Finance & Foreign Exchange and Flow Credit Trading business areas. These business areas transact in various fixed income products and also offer structuring solutions to clients.
I spend a good portion of my day on the trading floor interacting with front and middle office staff. When I am not advising on the day-to-day compliance, regulatory and ethics issues that come up in sales and trading, I may be working on policies and procedures, providing training on regulatory requirements, or dealing with regulatory enquiries.
The skills needed include the ability to respond to live issues with well thought through responses. You have to be able to interpret complex rules, come up with firm and unambiguous answers and communicate them effectively.
You also have to be flexible. There are often sudden changes of gear in this job. I can be called to a query and spend the rest of the day dealing with that issue.
One of the biggest challenges of this role is the large number of rules and regulations and internal policies and procedures that I have to be familiar with. With the changing regulatory landscape, this is a challenge that is growing all the time.