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Opportunities

(As of September 10, 2014)

Senior Compliance Examiner, OTC Derivatives
Compliance Examiner, OTC Derivatives
Swaps Systems Business Analyst
Manager, Examinations
Compliance Examiner I
Intern, Compliance
Professional Development Specialist II
Operations Lead — 2nd Shift

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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Swaps Systems Business Analyst

Description: The Swaps Systems Business Analyst will support the Swaps team's technology initiatives by gathering and documenting requirements for new and existing compliance systems, and translating requirements into detailed test plans.

Duties/Responsibilities include:

  • Conduct requirements-gathering sessions with project stakeholders, key users and technical staff
  • Evaluate information gathered and determine the underlying needs from user requests
  • Apply CFTC and NFA rules to application requirements; capturing impact on all swaps systems, both internal and external
  • Write concise but thorough business requirements documentation to be used by development team to create system specifications and implement software solutions
  • Translate system requirements documentation into detailed test plans for user acceptance testing
  • Ensure requirements are understood by key stakeholders, end users and development staff
  • Address needs for training staff on system initiatives
  • Generate ad-hoc queries in MS Access as requested
  • Participate in User Acceptance testing; verify that systems delivered meet requirements specified
  • Balance and prioritize work based on shifting department priorities; work on several initiatives in parallel

Requirements: College graduate, BA/BS in a related field preferred, 3+ years experience in a business analyst role or commensurate experience with NFA's swaps and compliance systems, Detail-oriented and independently motivated, Excellent writing and communication skills, SQL and/or MS Access Skills, Ability to quickly learn new concepts and rapidly adapt to changing requirements, Knowledge of swaps, Dodd-Frank, finance, futures trading, compliance, accounting and/or auditing a plus.

Location: Chicago

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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 I

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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Intern, Compliance

Description: The Compliance Intern's main responsibility is to assist the Compliance Department with its core functions of examinations, investigations and financial surveillance of NFA Members. The Compliance Intern will attend various internal training classes, and assist with other special projects as necessary. The Intern will also interact with the investing public, as well as, senior staff and NFA Member firms.

Requirements:

  • Bachelor's Degree or expects to graduate within one year of completing the internship
  • Working toward NFA's Compliance Examiner requirements of 9 hours of Accounting, including an Intermediate Accounting class
  • Cumulative GPA of 3.0 or higher
  • Excellent oral and written communication skills; detail-oriented
  • Strong analytical and problem solving skills
  • Must be professional, mature and reliable
  • Travel may be required
  • Ability to work full time

Location: New York

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Professional Development Specialist II

Description: The Professional Development Specialist will assist in conducting ongoing analysis of NFA's training, development and learning needs. Work with subject matter experts to develop content and design courses/training tools/job aids/ embedded learning using instructional design principles. Use variety of learning platforms and formats to deliver training. Rapidly deploy training vehicles to keep NFA staff abreast of changes in markets, products, rules, and examination or investigations procedures. Provide staff with training and other learning opportunities that will enable NFA staff to operate effectively in the changing financial services industry.

Duties/Responsibilities include:

  • Assist in developing a curriculum focusing on:
  • Futures, options on futures and foreign exchange/ OTC Derivatives
  • Brokerage/exchange operations;
  • Managed funds;
  • Regulatory compliance;
  • Fraud detection/prevention;
  • Accounting/auditing; and
  • Investigation/due diligence.
  • Management/leadership skills
  • Competency development
  • Participate in the deployment of and on-going maintenance of a learning management system. Present training classes as needed.

Requirements:

  • Bachelor's Degree. Excellent presentation skills. Strong written communication skills. Strong analytical and problem solving skills. Must have the ability to work individually and as part of a team, so excellent interpersonal skills are required.
  • Strong capabilities in:
  • Instructional design techniques;
  • Learning assessment methods;
  • Instructor-led and computer-based training methodologies.
  • Expertise in one or more of the following area a plus:
  • Futures, options on futures and foreign exchange/ OTC Derivatives
  • Brokerage/exchange operations
  • Managed funds;
  • Regulatory compliance;
  • Over the counter derivatives;
  • Fraud detection/prevention;
  • Accounting/auditing; or
  • Investigation/due diligence.
  • CPA and/or fraud auditing background would be beneficial.
  • One to two years previous training experience required.
  • Ability to travel 10% to 20%

Location: Chicago

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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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