Vice President and Control Room Manager, Compliance
nasdaq private marketNew York, NY
Vice President and Control Room Manager, Compliance
nasdaq private marketNew York, NY
today
Industries
Investment Banking and Securities IntermediationMiscellaneous IntermediationPortfolio Management and Investment AdviceAbout the role
Nasdaq Private Market ("NPM"), an independent, private company, is the premier provider of secondary liquidity solutions for private companies and offers a marketplace to provide liquidity to individual private company shareholders. NPM provides innovative, end-to-end solutions to enable seamless transactions for private companies, private equity, and other private assets. The company operates in a fast-paced fintech environment that is constantly evolving. About Nasdaq Private Market Nasdaq Private Market provides liquidity, wealth and data solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. Since inception over a decade ago, NPM has executed more than $80 billion in transactional volume for 200,000+ individual eligible employee shareholders and investors across 1,000+ company-sponsored liquidity programs. Founded within Nasdaq, Inc. in 2013, today NPM is an independent private company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Cerity, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, Optiver, UBS, and Wells Fargo. NPM’s primary products include Liquidity Solutions, Investment Platform, Capital Solutions, Settlement, Data and Analytics as well as Wealth Connect. Its Liquidity Solutions business supports private companies using proprietary technology to facilitate tenders, auctions, and pre-direct listing programs. NPM’s next-generation investment platform and electronic trading marketplace is bringing transparency and efficiency to the block trading of private shares for employees and investors with a model fully aligned with the interests of private companies. The company’s Capital Solutions team originates and executes investments through block trades, tender offers, single-asset funds, primary capital raises, and bespoke institutional transactions, for both the companies bringing them to market and the investors backing them. Its Settlement technology streamlines the complex, burdensome process of post-match workflows for companies and trading counterparties. NPM’s data product aims to deliver on the market’s need for actionable insights into trading activity and private company data for investors. Wealth Connect helps identify wealth management resources for shareholders who transact on the NPM platform. Learn more at www.nasdaqprivatemarket.com.
The Role:
Nasdaq Private Market is hiring a Vice President level Manager to lead the firm's Control Room function within the Compliance department. This role owns the day-to-day operation of information barriers between the firm's investment banking, research, ATS, capital markets, and advisory functions, manages the restricted and watch lists, oversees wall-crossing procedures for material nonpublic information (MNPI), and coordinates with trading and deal teams to prevent the misuse of confidential information. The role will have one direct report and reports directly to the Chief Compliance and Regulatory Officer (CCRO).
Key Responsibilities:
Own and operate the firm's Control Room, serving as the central point of contact for information barrier questions across NPM Securities (BD), Second Market Financial (RIA), and NPM (parent company).Maintain and update the restricted list and watch list; process add/remove requests and document the rationale for each decision. Administer wall-crossing procedures: log requests, obtain approvals, track who has been brought over the wall, and ensure timely removal when a project concludes or MNPI is no longer applicable. Monitor for potential information barrier breaches; investigate exceptions and escalate confirmed issues to the CCRO with recommended remediation. Coordinate with Legal, Deal Teams, Sales & Trading, and any activity that could generate MNPI.Review and clear employee personal trading requests and outside business activity disclosures that intersect with restricted/watch list holdings. Draft, maintain, and periodically test the firm's Information Barriers Policy and Control Room procedures; recommend updates to reflect regulatory change or business growth. Develop and implement Star Compliance surveillance alerts tied to restricted securities and employee trading. Prepare Control Room metrics and reporting for internal compliance committees, and support FINRA/SEC examination requests related to information barriers. Manage, train, and develop the Control Room Analyst/Associate direct report; review their work product for accuracy and completeness. Deliver Control Room and MNPI training to employees, including onboarding sessions and periodic refreshers. Perform other Compliance duties as may be assigned.
Required Qualifications:
5+ years of broker-dealer or investment adviser compliance experience, with direct Control Room, information barrier, or MNPI/watch-restricted list responsibility. Working knowledge of FINRA and SEC rules governing information barriers, insider trading prevention, and Regulation ATS.FINRA Series 7 and Series 63 (Series 24 preferred; will consider candidates willing to obtain it post-hire).Demonstrated experience managing wall crossings and restricted/watch list administration in a live transaction environment. Strong written communication skills; comfortable drafting policy language and escalation memos that could be reviewed by a regulator. Prior people management experience or demonstrated readiness to manage a direct report.
Preferred Qualifications:
Experience in private markets, investment banking, secondary trading, or alternative trading systems (ATS).Familiarity with Star Compliance or a comparable surveillance/monitoring platform. Experience supporting FINRA examinations. Prior exposure to a dual-registrant environment (broker-dealer and investment adviser under common ownership).Education Bachelor's degree required; JD or compliance-related certification (e.g., CSCP) a plus but not required.
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JOB OVERVIEW
Experience level
Manager
Location
New York, NY
Occupation
Compliance Managers
Industry
Investment Banking and Securities Intermediation
Posted
today
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