Senior Regulatory Specialist

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 Bachelor’s 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