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Opportunities

(As of October 22, 2014)

Senior Compliance Examiner, OTC Derivatives
Compliance Examiner, OTC Derivatives
Senior Risk Analyst
Risk Analyst
Executive Assistant, OTC Derivatives
Manager, Examinations
Compliance Examiner
Operations Lead — 2nd Shift
Applications Developer
Regulatory Reporting and Systems Management Intern

Application Process

Senior Compliance Examiner, OTC Derivatives

A Senior Compliance Examiner's main responsibility is to support NFA's regulatory programs through examinations, investigations, surveillance, and monitoring of NFA Swap Dealers (SD) and Major Swaps Participants (MSP) members. This position may likely involve travel to domestic and foreign SDs and MSPs.

Duties/Responsibilities include:

  • Develop a thorough understanding of the examination, monitoring, and investigative techniques utilized by NFA and relevant rules and regulations with which member firms are required to comply.
  • Work with team to plan examinations of member firms by understanding their business objectives, structure, policies, processes, internal controls, and identifying risk areas for focus.
  • Lead, execute and document test work in accordance with OTC Derivatives examination methodology.
  • Assist Manager with reviewing examination work papers, confirming validity of findings, and preparing final examination reports.
  • Review communications with member firm personnel regarding deficiencies and/or apparent violations as well as corrective action.
  • Communicate examination progress and findings by providing information in status meetings.
  • Analyze documents submitted by SDs and MSPs pursuant to implementing regulations under Section 4s of the Commodity Exchange Act and engage with member firms to ensure that policies and procedures demonstrate an ability to comply with the regulations.
  • Participate in financial analysis, ongoing monitoring, and the investigation of complaints and inquiries received from the public.
  • Effectively complete special projects as requested by management.
  • Actively participate in internal meetings by bringing issues or ideas to the department's attention.
  • Increase industry, market, regulatory and technical expertise by participating in training/educational opportunities, keeping abreast of industry developments, reading regulatory publications, and participating in industry organizations.
  • Participate in performance management process by providing constructive feedback to junior staff regarding work product.
  • Promote NFA's brand through day to day communications with SD and MSP registrants and industry professionals.
  • Contribute to NFA's goal of building a first-class OTC Derivatives team by seeking opportunities to enhance member experience with the NFA, working with Managers to identify and recommend methods for improving existing practices of the regulatory program, and creating new, innovative ways for enhancing productivity within the department.

Requirements: Bachelor's degree in business oriented major. 3-5 years' financial services experience, preferably in regulatory compliance, risk management, auditing, or operations. Outstanding written and verbal communication and interpersonal skills. Strong analytical and problem resolution skills. Strong organizational skills and attention to details. Strong relationship building skills. Ability to confidently interact with different areas of a financial firm. Ability to work in a team setting, both as a leader and a participant. Ability to apply a balanced regulatory approach in a rule driven environment. Ability to manage multiple assignments and priorities. Proficient computer skills in Microsoft Office products. Familiarity with Listed and/or OTC derivatives market. Familiarity of the Dodd-Frank Wall Street Reform Act as it pertains to swap transactions and swap intermediaries is considered a plus.

Location: Chicago or New York

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Compliance Examiner, OTC Derivatives

Description: A Compliance Examiner's main responsibility is to support NFA's regulatory programs through examinations, investigations, surveillance, and monitoring of NFA Swap Dealers (SD) and Major Swaps Participants (MSP) members. This position may likely involve travel to domestic and foreign SDs and MSPs. 

Duties/Responsibilities include:

  • Develop a thorough understanding of the examination, monitoring, and investigative techniques utilized by NFA and relevant rules and regulations with which member firms are required to comply.
  • Work with team to plan examinations of member firms by understanding their business objectives, structure, policies, processes, internal controls, and identifying risk areas for focus.
  • Participate in field examinations member firms' OTC derivatives businesses in order to identify key issues, including possible compliance deficiencies or violations. Review issues with the senior examination staff and assist in preparing post-examination reports.
  • Analyze documents submitted by SDs and MSPs pursuant to implementing regulations under Section 4s of the Commodity Exchange Act and engage with member firms to ensure that policies and procedures demonstrate an ability to comply with the regulations.
  • Engage in day-to-day communications with swap dealers, major swap participants and other industry professionals as required to assist firms in complying with Dodd Frank and NFA requirements.
  • Participate in financial analysis, ongoing monitoring, and the investigation of complaints and inquiries received from the public.

Requirements: Bachelor's degree in business oriented major. 0-3 years' financial services experience, preferably in regulatory compliance, risk management, auditing, or operations. Excellent written and verbal communication and interpersonal skills. Strong analytical and problem resolution skills. Strong organizational skills and attention to detail. Ability to work effectively in a team environment. Ability to manage multiple assignments and priorities. Proficient computer skills in Microsoft Office products

Location: Chicago or New York

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Senior Risk Analyst

The Senior Risk Analyst will be a senior member of the Risk Analysis Team, which is part of the Risk Management Group of the OTC Derivatives Department. The team will support the Swap Dealer and Major Swap Participant (SD/MSP) examination function by collecting, analyzing, and reporting data on SD/MSP activities and risks. A specific objective for this position will be developing and supervising a program of analyzing required risk exposure reports submitted by SDs and MSPs.

Duties/Responsibilities include:

  • Develop and supervise a program for the analysis and reporting of the results of Quarterly Risk Exposure Reports submitted by SD and MSP.
  • Supervise the collection of analysis of data on SD/MSP derivatives activities and risks.
  • Assist Risk Analysis Team colleagues in developing and maintaining a risk-based system for scheduling and scoping SD/MSP audits and allocating OTC Derivatives Department resources.
  • Make periodic presentations to examination teams and OTC Derivatives Senior Management on SD/MSP business and risk issues and trends.
  • Other analysis as requested by OTC Derivatives or NFA Senior Management.
  • Assist in training OTC Derivatives staff in risk management subjects.
  • Coach risk analysts to assist in team development.

Requirements:

  • Three to seven years experience in a research or regulatory role.
  • MA, MS, or higher degree — or BA/BS plus CFA — in economics, finance, statistics, or related field.
  • Detailed knowledge of OTC derivative products and underlying markets.
  • Coursework in applied statistics and/or econometrics.
  • Ability to turn ideas into implementable plans and to carry out the plans.
  • Intellectual curiosity and desire to help colleagues become subject matter experts on OTC derivatives and their regulation.
  • Advanced knowledge of Excel [and VBA]; working knowledge of Tableau, Matlab, and similar tools a plus.
  • Familiarity with Dodd-Frank regulations and regulatory capital standards.
  • Strong interpersonal skills and willingness to build relationships within NFA, with NFA Member firms, and with other regulatory organizations.
  • Strong oral and written communication skills.
  • Willingness to travel, possibly 20 percent of time.
  • Ability to explain and present technical concepts and issues to non-technical audiences.
  • Strong team player; willingness to listen to and act on feedback and to provide constructive feedback to subordinates.

Location: New York

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Risk Analyst

The Risk Analyst will be part of a Risk Analysis Team, which is part of the Risk Management Group of the OTC Derivatives Department. The team will support the Swap Dealer and Major Swap Participant (SD/MSP) examination function by collecting, analyzing, and reporting data on SD/MSP activities and risks, with the particular objective of prioritizing the use of examination resources.

Duties/Responsibilities include:

  • Analyze Quarterly Risk Exposure Reports submitted by SD and MSP, and report results to OTC Derivatives senior management and examination teams.
  • Collect, analyze, and maintain data on SD/MSP derivatives activities and risks.
  • Assist in developing a risk-based system for scheduling and scoping SD/MSP audits and allocating OTC Derivatives Department resources.
  • Other analysis as requested by OTC Derivatives or NFA senior management.

Requirements:

  • One to three years experience in a research, data management, or regulatory role.
  • BA, BS, or higher degree in economics, finance, statistics, or related field.
  • Working knowledge of OTC derivative products and underlying markets.
  • Coursework in statistics and/or econometrics.
  • Strong knowledge of Excel [and VBA]; working knowledge of Tableau, Matlab, and similar tools a plus.
  • Intellectual curiosity and desire to become a subject matter expert on OTC derivatives and their regulation.
  • Strong interpersonal skills and willingness to build relationships within NFA, with NFA Member firms, and with other regulatory organizations.
  • Strong oral and written communication skills.
  • Strong team player; willingness to listen to and act on feedback.

Location: New York

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Executive Assistant, OTC Derivatives

Description: The Executive Assistant will provide administrative and support services to the Vice President and Managing Director(s). Coordinate all scheduling for the department's Vice President and Managing Director(s) to ensure that they are prepared for meetings and kept on schedule. Maintain calendars and coordinate all aspects of travel to and from appointments, including making travel arrangements, obtaining directions and creating itineraries. Complete expense reports, plan and schedule meetings, and take meeting notes when requested. Create draft correspondence and reports, which will require familiarity with industry terminology and experience with creating and formatting documents, including in Power Point and Excel. Answer and screen telephone calls, resolve routine and some complex inquiries independently. Monitor emails, promptly respond to routine matters and ensure that urgent matters are handled appropriately. Organize and maintain an up-to-date paper and electronic filing system. Photocopying and faxing documents for a range business purposes will also be required. May be required to participate in special projects as needed.

Requirements: Requirements: High school diploma and at least 5 years of administrative experience supporting an executive or equivalent work experience. Typing skills of 50-55 wpm preferred. Knowledge of Microsoft Office Word, Excel and PowerPoint required. Willingness to gain basic knowledge of other programs valued. Strong analytical and conceptual problem solving skills. Excellent verbal, written and interpersonal communication skills. Excellent planning and organizational skills with the ability to work independently and effectively under pressure. Must be flexible and able to work cooperatively in a team setting. High degree of confidentiality with excellent judgment and diplomacy. Strict ethical standards and professionalism are required.

Location: New York

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Manager, Examinations

Description: The Manager will work with the Directors in the Compliance Department to carry out the core functions of NFA's regulatory programs in all of the major functional areas. Oversee staff and supervisors that complete the examinations, financial analysis, investigations and surveillance of NFA Members. Supervise communications with firm personnel regarding deficiencies and/or apparent violations as well as corrective action. Supervise other staff in their reviews and investigations of complaints and inquiries received from the public. Effectively utilizes available resources to increase industry, market and regulatory knowledge as well as technical expertise. Ensure key issues are identified and addressed and all necessary evidence is gathered for possible disciplinary cases. Allocate resources to ensure an efficient workflow and shares responsibility in training staff and assessing their performance. Review department's functions and seeks opportunities to create new, innovative ways for enhancing productivity within the department. Represent NFA through educational initiatives at industry conferences and in day to day communications with Members and industry professionals.

Requirements:

  • Bachelor's degree
  • Minimum of 4 years of work experience in compliance, auditing or operational risk
  • Strong analytical and problem solving skills
  • Strong knowledge of GAAP and GAAS
  • Strategic, innovative and creative thinking
  • An understanding of the futures market issues
  • Ability to apply a common sense approach in a rule driven environment
  • Strong oral and written communication skills
  • Strong networking and relationship building skills
  • Ability to work effectively in a team environment
  • A high level of initiative
  • Previous managerial experience
  • 20% - 30% travel

Location: Chicago

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Compliance Examiner

Description: A Compliance Examiner's main responsibility is to support NFA's regulatory programs through exams, investigations and financial surveillance of NFA Members. Common duties include on-site examinations of a Member's books and records and analyzing its business and financial operations to ensure compliance with NFA's requirements. A Compliance Examiner also reviews and investigates customer complaints to determine whether a Member has violated any rules and gather evidence for possible disciplinary cases. A Compliance Examiner interacts with the investing public, as well as, senior staff and officers at NFA Member firms.

Requirements:

  • A bachelor's degree, which includes at least nine hours of Accounting and an Intermediate Accounting class or equivalent work experience in compliance and/or financial auditing
  • An overall GPA of 3.0 on a 4.0 scale
  • Strong analytical and problem solving skills
  • Strong oral and written communication skills
  • Ability to travel 20%-40% as part of a team

Location: Chicago or New York

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Operations Lead — 2nd Shift

Description: Provide guidance and technical assistance to enhance the professional development of the Operations team. Assist with the Operation of network servers and equipment in an efficient manner to insure that maximum system availability and throughput is obtained. Assist with scheduling projects, assigning tasks, and conducting status meetings.

Duties/Responsibilities include:

  • Monitor on-line applications and database systems, submit jobs for execution, and distribute output.
  • Resolve, or refer to appropriate personnel, problems that occur with operating system, jobs, or hardware.
  • Strong oral and written communication skills. Communicating with member firms and clients to resolve issues with data file transfers.
  • Assist with education and training for staff.
  • Assist with staff vacation and time-off schedules.
  • Review employee performance and write performance reviews.
  • Interview candidates for employment.
  • Supervise the development and implementation of new procedures to improve computer operations.
  • Maintain current documentation and schedules.
  • Maintenance of the manuals and tape libraries.
  • Assist in the planning for and installation of new computer equipment in the computer room.
  • Schedule computer room maintenance with outside vendors.
  • Assist with the installation and maintenance of PC software, hardware, and other related equipment.
  • Maintain up-to-date inventories of hardware, cable identification, and floor plans.
  • Maintain computer supplies inventories, ordering supplies as needed and budgeted.
  • Setup and takedown presentation equipment (E.G.. Audio/visual and multi-media systems).
  • Troubleshooting of problems with computer cables.
  • Provide alternate shift coverage for computer operations
  • Perform routine operational tasks, such as printer cartridge changing, cleaning of computer equipment, and assisting in testing of new or changed jobs.
  • May perform other duties as assigned.

Requirements: Five or more years of experience in computer operations working in an on-line, client/server, database oriented environment. Must have good working knowledge of APC, Dell, Hewlett-Packard, Lenovo, and Liebert hardware; Microsoft Server OS, Windows, and Office suite of products, Oracle database and backup software; tape management and other backup media, computer room facilities support and telecommunication skills. A punctual attendance record is a must. The ability to work as a team with co-workers and be able to assist them in the performance of their jobs is required. Willingness to work overtime and provide alternative shift coverage when needed, sometimes on short notice. Must be detail oriented and able to work productively during off hour shifts. Strong oral and written communication skills needed. Good analytical skills with attention to detail and customer focus required. Must possess project management and team leadership skills.

Must be available for second shift, 3:00-11:00 PM, Monday-Friday.

Location: Chicago

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Applications Developer

Description: Participate in design and implementation of new systems or in the maintenance and enhancement of existing systems. Determine user requirements and provide optimal systems solutions.

Duties: Participate in or lead design meetings for development projects. Analyze business requirements and design appropriate solutions. Assist in logical database analysis and design. Code applications programs for new or existing systems. Test applications programs for new or existing systems. Answer help desk questions from staff and outside users. Other duties as assigned.

Requirements: At least 2 years of Oracle or comparable data base experience. At least one year of Microsoft Access and Active Server Pages development a must. ASP.NET / Visual Basic.NET development highly desirable. Experience with JavaScript, XML, SQL, IIS, Microsoft Office Suite, Visual Studio, Visual SourceSafe, Active Directory and WebFocus would be a plus. Microsoft MCAD and MCSD certifications also a plus. Degree preferred and a graduate business degree is also helpful.

Location: Chicago

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Regulatory Reporting and Systems Management Intern

Description: Assure the quality of new and changes to existing market regulation software systems by writing and executing individual system test plans.

Duties:

  • Participate in the development of test plans for Market Regulation systems and enhancements to existing ones, leveraging business requirements documents, technical specifications, and subject matter expert input
  • Capture both functional and technical test cases
  • Execute and document test plans, comparing actual with expected results
  • Log detailed and accurate issue logs and follow through to resolution and closure of issues
  • Write, execute and document regression test plans
  • Succinctly report to management on status of each phase of testing for all projects — test cases developed, executed, passed, and be able to provide supporting details
  • Assist in review of business requirement documents
  • Generate ad-hoc queries in SQL, MS Access or Excel when requested and develop reports for communication to staff and management

Requirements:

  • Detail-oriented and independently motivated
  • Excellent writing and communication skills
  • Excel, SQL and/or MS Access Skills (VBA or Matlab a plus)
  • Ability to quickly learn new concepts and rapidly adapt to changing priorities and requirements
  • Knowledge of and/or interest in finance, futures and swaps trading, compliance, and testing a plus

Location: Chicago

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