Regulatory Analyst - Broker Dealer

Nasdaq Technology is looking for a Regulatory Analyst to join our Broker Dealer team in New York. If Innovation and effectiveness drive you forward this is the place for you!
Nasdaq is continuously revolutionizing markets and undergoing transformations while we adopt new technologies to develop innovative solutions, constantly aiming to rewrite tomorrow. As a Regulatory Analyst, you will play a key role in the delivery and monitoring of complex regulatory rules and translating the regulatory requirements across multiple jurisdictions for new and existing customers.

We are now looking for a Regulatory Analyst to strengthen the Product Management team in New York. You will be responsible for driving the analysis of various Broker-Dealer regulatory requirements and supporting members as part of the Nasdaq Regulatory Reporting FinTech team.

Join the Product Management organization for Nasdaq. You will further develop your skills in analyzing and understanding legal text, along with the ability to translate this text into a tangible outcome. You will have the opportunity to expand your prowess in the Broker-Dealer space in a more practical setting as you become more involved in various client data and reporting scenarios. The role will lend itself to continued learning in the regulatory space by default, but will also provide a much wider view of the operational workings of investment banking. The role will be primarily internal facing, with some client interaction, and may involve occasional travel.

The main objective for the Product Management team in US is to build state of the art calculation and reporting systems relating mainly to the Financial Responsibility Rules for US Registered Broker Dealers.  As our new member, you will work with a group of enthusiastic and experienced team members. Together with your team, you will be responsible for delivery of enhancements and supporting re-architecture of the enterprise product to new software paradigms.  You will be a key liaison between the Development and Product teams.

Your role and responsibilities: 

• Engage in research on various regulatory change logic, leading the analysis and implementation of them into the solution

• Writing solution specifications including Business Requirements and Functional Specifications for the solution development team

• Reverse engineering current solutions so as to develop better approaches to solutions and ensure accuracy of current solutions

• Perform detailed analyses of changes enacted by regulators

• Regularly monitoring regulatory rule updates, ensuring solution remains fit-for-purpose with all regulatory requirements

• Navigate our Controller View platform to better understand the implementation of the regulatory requirements across various jurisdictions

• Liaising with the solution development team, providing business knowledge to ensure business requirements are clearly understood

• Guide the Quality Assurance team on scenarios to be tested, reviewing test cases and results

• Support the Pre-sales team in conducting Proof of Concepts and demos to potential clients

• Engage with existing clients to understand their business scenarios where required and act as a representative of the Broker Dealer team in these conversations

We expect you to have

• At least 8-10 years combined of regulatory reporting experience and business or regulatory change analyst

• Experience in reviewing regulations and translating the requirements into functional specifications/business requirement documents

• Good understanding of key financial products, particularly equity based, fixed income and derivative  instruments 

• Strong communication skills and ability to work with a team in a dynamic environment - especially key is working and communicating with more technically-inclined colleagues

• Highly organized and methodical approach to analysis

• Goal driven and self-motivated attitude

• Ability to work under pressure and meet deadlines

It would be great if you have

• Previous experience working in Financial responsibility rules of Broker-Dealers, Swap Dealers and FCMs. Financial Reporting is a plus

• Working knowledge of regulations such as Rules 15c3-3 and 15c3-1

• Experience as a Business Analyst 

• Experience with guiding Project Managers

Does it sound like you? What happens now?

• As the selection process is ongoing, please submit your application in English as soon as possible. We will get back to you in 2-3 weeks.

What will it be like working here?   

Nasdaq is a vibrant and entrepreneurial company where everyone is encouraged to take initiative, challenge status quo, and take intelligent risks. We want everyone to feel welcome and bring their authentic self to work. Every day, we are building a culture where we all feel connected, supported and empowered. We are a Hybrid-first environment that embraces work-life balance and fosters well-being.  

What do we offer you?   

• Annual monetary bonus.

• An opportunity to become a Nasdaq shareholder  

• Employee Stock Purchase Program Nasdaq stocks with a discount  

• Health Insurance Program

• Flexible working schedule and hybrid way of work  

• Flex day program (up to 6 paid days off a year)  

• Internal mentorship program - get a mentor or become one  

• Wide selection of online learning resources, e.g., Udemy  

Come as You Are

Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.

What We Offer

We’re proud to offer a competitive rewards package that is meaningful, recognizes the unique needs of our employees and their families and incentivizes employees for their contribution to Nasdaq’s overall success.

The base pay range for this role is $105,300 - $175,400. In addition to base salary, Nasdaq provides a generous annual bonus/commission (short-term incentive), and equity (long-term incentive), comprehensive benefits, and opportunity for growth. Exact compensation may vary based on several job-related factors that are unique to each candidate, including but not limited to: skill set, experience, education/training, business needs and market demands.

Nasdaq’s programs and rewards are intended to allow our employees to:

• Secure Wealth: 401(k) program with 6% employer match, Employee Stock Purchase Program with 15% discount, Student loan repayment program up to $10k, Company paid life and disability plans, Generous paid time off
• Prioritize Health: Comprehensive medical, dental and vision coverage, Health spending account with employer contribution, Paid flex days to support mental wellbeing, Gym membership discounts
• Care for Family: Hybrid home/office schedule (for most positions), Paid parental leave, Fertility benefits, Paid bereavement leave
• Connect with Community: Company gift matching program, Employee resource groups, Paid volunteer days
• Grow Career: Education Assistance Program, Robust job skills training and Professional development opportunities

For more information, visit Nasdaq Benefits & Rewards Career page.