US Compliance Manager

US Compliance Manager

Location: Chicago, IL

The Compliance Manager works directly with the Chief Compliance Officer to support the development, review, and production of processes, standards, policies, and guidelines which are required to facilitate compliance with regulatory standards of a Futures Commission Merchant (FCM).

Responsibilities:

• Create, implement, and monitor policies, procedures and internal controls that align with market conduct standards for futures trading.
• Stay informed of the current legal and regulatory landscape, especially regarding applicable new or amended laws and regulations and assist in the development and implementation of firm procedures in response to new or changed rules and regulations.
• Act as a point of contact with futures designated contract markets and regulatory agencies.
• Assist in the development and implementation of periodic reviews and monitoring of trading activity, order placement, marketing materials, and sales practices of the Firm’s employees and guaranteed introducing brokers (GIB), and other parties to ensure conformity to applicable NFA, CFTC, and Exchange rules. Identify and escalate any concerns resulting from such reviews and monitoring.
• Administer and review responses to regulatory filings and responses to regulatory requests.

Review and approve promotional material.

• Manger the review of customers’ transaction using the monitoring system Validus.
• Assist CCO with annual CCO report.
• Lead internal projects and initiatives such as bulk transfers, implementation of new rules, implementation of new lines of business, and review of exchange memberships.
• Responsible for evaluating Compliance Staff’s performance and issuing recommendations in relation to the hiring, termination, and promotion of Staff.

Candidate Skills/Requirements:

• Minimum 5 years’ experience in futures compliance at a Futures Commission Merchant, other futures registrant, or regulatory agency.
• Advanced understanding of compliance processes and regulatory requirements, including NFA, CFTC, Exchange, and other SRO rules.
• Ability to review and understand account statements, marketing materials, orders, disclosure documents, business operations, etc. in conjunction with rules and regulations and identify regulatory risks or confirm compliance with rules and regulations.
• Self-motivated, high level of dependability, organization, attention to detail, and strong writing skills required. Candidate must be able to efficiently multi-task in a fast-paced and challenging environment.
• Ability to develop, implement, and manage compliance policies and procedures.
• Prior experience training, supervising staff, and/or leading projects preferable.
• Ability to leverage technology for compliance monitoring and oversight.
• Must have strong organizational and presentation skills.
• Must have excellent written and verbal communication skills.
• Bachelor’s Degree required.

Job Type: Full-time

Pay: $86,750.06 - $104,473.19 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Work Location: In person