Role in brief
Gemini is seeking a Head of Compliance to lead and manage compliance programs for its broker-dealer and future commission merchant operations. This role involves ensuring adherence to federal regulations, overseeing daily compliance activities, and acting as the primary regulatory contact. This position is suitable for experienced compliance professionals with a strong background in securities and commodities regulations and relevant FINRA and NFA licenses.
About the role
This Head of Compliance role involves leading Gemini's compliance efforts for its broker-dealer and future commission merchant programs. The individual will be responsible for developing and overseeing these programs, ensuring they meet federal regulatory standards. Key tasks include managing daily customer segregation computations, supervising trade and market surveillance for various products, and maintaining the firm's anti-money laundering program across both broker-dealer and FCM activities.
A significant part of this position involves serving as the main point of contact for regulatory bodies such as FINRA, NFA, SEC, and CFTC, handling examinations and inquiries. The role also requires drafting and implementing internal policies, including Written Supervisory Procedures. Success in this position means effectively navigating complex regulatory landscapes and ensuring all operations align with compliance requirements.
The role demands close collaboration with technology, product, and legal teams to ensure trading systems operate within regulatory guidelines. Additionally, the Head of Compliance will advise on core compliance matters like registrations, employee trading, and marketing materials. This position is critical for maintaining Gemini's commitment to regulatory adherence as it expands its offerings in the crypto and Web3 space.
The annual salary for this role ranges from $150,500 to $215,000, with additional benefits including a discretionary annual bonus and a new hire equity grant.
Skills that matter here
- FINRA Series 7, 63, and 24 licenses: These licenses are required to perform broker-dealer compliance functions and serve as a registered principal.
- NFA Series 3: This license is necessary for overseeing the firm's future commission merchant (FCM) compliance program.
- broker-dealer and/or FCM operations: Expertise in these areas is crucial for developing and managing the compliance programs for both securities and commodities activities.
- FINRA, SEC, CFTC, and NFA compliance requirements: A strong understanding of these regulatory frameworks is essential for ensuring the firm's adherence to federal regulations and acting as the primary regulatory contact.
- Superior writing skills: This skill is needed for drafting policies, preparing regulatory responses, and analyzing large amounts of information concisely.
Who this role suits
- A person with a decade or more of experience in securities and/or commodities regulatory compliance.
- Someone who holds active FINRA Series 7, 63, and 24 licenses, and either possesses or can quickly obtain the NFA Series 3.
- An individual comfortable working in a technology-driven environment, capable of collaborating with various internal teams.
- A professional adept at analyzing complex information and communicating it clearly, especially in written form.
From the employer
- Provide compliance advisory and support to the broker-dealer business and oversee the development of the broker-dealer compliance program
- Oversee the FCM compliance program, including the firm's risk management program and annual CCO report
- Oversee daily customer segregation computations and related financial and regulatory filings across both the broker-dealer and FCM
- Supervise trade and market surveillance across the firm's securities and derivatives products
- Serve as the primary point of contact for FINRA, NFA, SEC, and CFTC exams and inquiries
- Maintain the firm's AML program covering both broker-dealer and FCM activities
- Draft, maintain, and implement Written Supervisory Procedures and other internal policies and procedures
- Collaborate cross-functionally with technology, product, and legal teams on trading system operations to ensure compliance with regulation and regulatory expectations
- Advise on core compliance matters including registrations, employee trading, outside business activities, and continuing education requirements
- Review and approve advertising, marketing, and sales materials
- BA/BS degree
- Active FINRA Series 7, 63, and 24 licenses; NFA Series 3 (or ability to obtain within 120 days of hire)
- 10+ years of securities and/or commodities regulatory compliance experience
- Deep expertise in broker-dealer and/or FCM operations and the associated regulatory frameworks
- Strong understanding of FINRA, SEC, CFTC, and NFA compliance requirements
- Comfort working in a technology-forward environment
- Superior writing skills, including the ability to analyze and assess large amounts of information into succinct responses
- Authorization to work in the United States and fluency in English
- Competitive starting pay
- A discretionary annual bonus
- Long-term incentive in the form of a new hire equity grant
- Comprehensive health plans
- 401K with company matching
- Paid Parental Leave
- Flexible time off
Questions about this role
What is the remote work policy for this role?
This position is fully remote.
What is the seniority level for this position?
This is a head-level position.
What licenses are required for this role?
Candidates must have active FINRA Series 7, 63, and 24 licenses, and either possess or be able to obtain an NFA Series 3 license within 120 days of hire.