National Futures Association Careers

Work for a
Winner.

Chicago's 101 Best and Brightest Companies to Work For

Top 100 Workplaces

Crain's Best Places to Work in NYC

Best Places to Work in Illinois

100 Best Adoption-Friendly Workplaces

National Best and Brightest Companies to Work For

Opportunities

(As of December 18, 2014)

Associate Director, OTC Derivatives Monitoring
Manager, OTC Derivatives
Senior Compliance Examiner, OTC Derivatives
Compliance Examiner, OTC Derivatives
Compliance Examiner—Documentation Compliance, OTC Derivatives
Risk Analyst
Investigator, Market Regulation
Manager, Examinations
Compliance Examiner
Compliance Intern
Senior Systems Analyst I, Market Regulation
Applications Developer

Application Process

Associate Director, OTC Derivatives Monitoring

Description: The Dodd-Frank Wall Street Reform and Consumer Protection Act ('Dodd-Frank Act') imposes a new regulatory regime on over-the-counter ('OTC') derivatives and the market for such derivatives. NFA is at the forefront of this new regime and the OTC Derivatives Department has been charged with taking on the exciting and challenging new responsibility of executing NFA’s regulatory programs as they relate to providing oversight of Swap Dealers (SD) and Major Swap Participants (MSP).

The OTC Derivatives Department's Continuous Monitoring Program (CMP) supports NFA's examinations of SDs and MSPs by monitoring and analyzing industry and firm events on an ongoing basis. The goal of monitoring is to enable NFA to keep abreast of significant developments occurring at Member firms and in the industry and assisting the OTC Department in its prioritization of areas for review.

This position reports to a Director, OTC Derivatives and has a key role in assisting the Director in the development and execution of the overall program. In addition, the Associate Director will supervise the entire team of individuals involved in carrying out monitoring activities. This position will require domestic and foreign travel.

Duties/Responsibilities include:

  • Manage a staff of nine or more individuals responsible for carrying out NFA's continuous monitoring activities
  • Take a leading role managing special projects to ensure timely completion and proper resourcing
  • Assist the Director in developing an efficient operating structure that enables NFA to carry out its regulatory program for SD/MSP Members
  • Participate in staff hiring and training and complete all performance management functions including coaching, career development, providing performance feedback and annual performance reviews
  • Participate in onsite meetings with the Chief Compliance Officer, Internal Audit Directors and other key personnel at swap Member firms to ensure meeting objectives are being effectively carried out
  • Develop and implement strategies for keeping apprised of new products, changes in industry practices, regulatory announcements and determining any impact on SD/MSP Member firms
  • Conduct periodic meetings to update OTC Derivatives senior management on the status of monitoring initiatives, notable developments and emerging trends at swaps Member firms
  • Collaborate with Directors and the OTC Derivatives Risk Group to ensure material changes in SD/MSP OTC product offerings, business lines, market practices and financial performance are continually assessed
  • Serve as an escalation point for Member firms seeking direction on regulatory issues
  • Represent NFA to external audiences including Members and other stakeholders, and promote the NFA brand by participating in industry working groups and conferences

Requirements:

  • Bachelor's degree with a business-oriented major
  • Minimum of 8 years work experience in the financial services industry preferably in a compliance, auditing or risk capacity
  • Strong analytical and problem solving skills
  • Strategic, innovative and creative thinking with ability to assist the department in developing best practices
  • Solid project planning and initiation skills
  • Strong verbal and written communication skills with the ability to effectively articulate ideas and positions to senior individuals and in group meetings
  • Strong networking and relationship building skills
  • Experience managing a front, middle office or back office function or complex processes at a financial institution
  • Previous managerial experience
  • An understanding of complex and sophisticated market issues
  • Strategic, innovative and creative thinking with a high level of initiative
  • Familiarity with the listed and OTC derivatives market
  • Risk management and other experience in OTC derivatives a plus
  • Ability to confidently interact with different areas of a financial firm
  • Ability to apply a balanced regulatory approach in a rule driven environment
  • Ability to manage multiple assignments and priorities
  • Strong understanding of the Dodd-Frank Wall Street Reform Act as it pertains to swap transactions and swap market participants is considered a plus

Location: New York

Apply Now | Back to the Top

Manager, OTC Derivatives

Description: The Manager, OTC Derivatives will assist the Director(s) of the OTC Derivatives Department in building a structure to enable NFA to implement its regulatory program for OTC derivatives. The Manager analyzes materials submitted by swap dealers and major swap participants pursuant to Section 4s Implementing Regulations of the Commodity Exchange Act.

Duties/Responsibilities:

  • Oversee staff and supervisors that complete the audits, financial analysis, investigations and surveillance of swap dealers and major swap participant registrants.
  • 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.
  • Utilize 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 share responsibility in training junior staff and assessing their performance.
  • Review department's functions and seek 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 swap dealer and major swap participant registrants and industry professional.
  • This position will likely involve extensive travel to domestic and foreign swap dealers and major swap participants.

Requirements:

  • Bachelor's degree in Business
  • 4-7 years' work experience in compliance, auditing, operational risk or swaps operations
  • Knowledge of entities that engage in swaps and ability to use this understanding to help develop the necessary processes and procedures to effectively regulate swap dealer and major swap participant. This includes strong knowledge and understanding of one or more of the following areas:
    • OTC derivatives products;
    • Standard swap agreements;
    • Market dynamics;
    • Trading mechanics;
    • Transaction processing;
    • Reporting requirements; or
    • Valuation methods.
  • Knowledge of the Dodd-Frank Wall Street Reform and Consumer Protection Act as it pertains to swap transactions and swaps intermediaries is considered a plus
  • Strong analytical and problem solving skills
  • An understanding of OTC market issues
  • Strategic, innovative and creative thinking
  • 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

Location: New York

Apply Now | Back to the Top

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: New York

Apply Now | Back to the Top

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: New York

Apply Now | Back to the Top

Compliance Examiner—Documentation Compliance, OTC Derivatives

Description: OTC Derivatives Documentation Compliance supports NFA's regulatory programs through the review of Swap Dealers' (SD) and Major Swaps Participants' (MSP) policies and procedures submitted to demonstrate an ability to comply with the regulations under Section 4s of the Commodity Exchange Act. In addition, Documentation Compliance assists with the coordination of internal and external communications for the OTC Derivatives group and handling of special projects. This position may involve limited travel.

Duties/Responsibilities include:

  • Analyze documents submitted by SDs and MSPs pursuant to implementing regulations under Section 4s of the Commodity Exchange Act
  • Engage with member firms to ensure that policies and procedures demonstrate an ability to comply with CFTC regulations
  • Provide feedback to member firms, senior management, and the CFTC on written policies and procedures
  • 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
  • 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
  • Participate in financial analysis, ongoing monitoring, and the investigation of complaints and inquiries received from the public

Requirements:

  • 1 to 3 years financial services experience, preferably in regulatory compliance, risk management, auditing, or operations
  • Experience in OTC swaps, cleared swaps, listed derivatives, CFTC regulations, and/or Dodd-Frank Act helpful
  • Excellent written and verbal communication and interpersonal 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
  • Bachelor's degree required; Business major preferred

Location: New York

Apply Now | Back to the Top

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

Apply Now | Back to the Top

Investigator, Market Regulation

Description: The Investigator will help research and analyze trading activity to ensure compliance with exchange and industry regulations; review markets for unusual price movements or volume changes; assist in conducting and preparing investigations; field questions from market participants; maintain daily market surveillance and trade practice activity log; utilize outside information and quote vendor systems.

Requirements:

  • Previous compliance experience, exceptional presentation skills
  • B.S. in Business or Economics, or equivalent
  • Strong decision-making, analysis and negotiation skills
  • Excellent written and oral communication skills
  • Ability to solve problems independently and work in a team environment
  • Strong organizational, administrative and documentation skills
  • Experience with Excel, Access and other computer software preferred

Swaps, options or futures market knowledge is helpful in conducting responsibilities related to the position. Specifically, interest rate derivative product experience is a plus (interest rate swaps and swaptions; Eurodollar futures and options; Treasury cash, futures and option; STIR futures and options).

Location: Chicago

Apply Now | Back to the Top

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. The Compliance Department is responsible for monitoring the activities of FCM, IB, CPO and CTA Members through examinations, financial analysis, investigations and surveillance. The goal of monitoring is to enable NFA to keep abreast of significant developments occurring at Member firms and in the industry. The manager has a key role in assisting the Directors in the development and execution of the department's responsibilities. The manager will also oversee staff involved in performing monitoring activities and will allocate resources to ensure an efficient workflow.  

Responsibilities/Duties:

  • 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.
  • Review reports received from Member firms to identify significant items, events or trends and summarize results that may require further action by other teams within the organization.
  • Identify and evaluate appropriate news articles and industry information in order to determine impact to Member firms.
  • Participate in examination planning meetings and provide input to the scope development.
  • Actively participate in internal meetings by bringing issues or ideas to the department's attention.
  • Review the department's functions and seek opportunities to create new and innovative ways for enhancing productivity.
  • 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 staff regarding work product.
  • Promote NFA's brand through day-to-day communications with Members and industry professionals.

Requirements:

  • Bachelor's degree with a business-oriented major
  • Minimum of 5 years work experience in compliance, auditing or risk capacity
  • Strong knowledge of GAAP and GASS
  • Strong analytical and problem solving skills
  • Strategic, innovative and creative thinking with ability to assist the department in developing best practices
  • Strong verbal and written communication skills with the ability to effectively articulate ideas and positions to senior individuals and in group meetings
  • Strong networking and relationship building skills
  • Ability to work in a team setting, both as a leader and a participant
  • A high level of initiative
  • Previous managerial experience
  • Ability to travel 20% - 30%

Location: Chicago

Apply Now | Back to the Top

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

Apply Now | Back to the Top

Compliance Intern

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 also will interact with the investing public, 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: Chicago or New York

Apply Now | Back to the Top

Senior Systems Analyst I, Market Regulation

Description: As Senior Systems Analyst I, the position will be responsible for the development, implementation and execution of QA programs in order to ensure that all software programs and integrated applications meet or exceed minimum organizational standards and end-user requirements. This includes, but is not limited to policy, procedures, and standards development as well as the development of quality metrics that measure the effectiveness and performance of the QA and application development programs.

Duties/Responsibilities:

  • Enhance overall strategy for QA testing effort of new and existing systems
  • Write test plans, leveraging business requirements documents, technical specifications and subject matter expert input
  • Capture both functional and technical test cases, as well as regression tests
  • Coordinate, document and participate in the execution of testing by RRSM staff
  • Write, execute and document regression test plans
  • Log detailed and accurate issue logs and follow through to resolution and closure of issues
  • Prepare presentations clearly explaining appropriate regulation, expectations, problems and proposed solutions for audiences both internal and external to the organization
  • Succinctly report to management on status of all phases of testing for each project: Test cases developed, executed, passed, and be able to provide supporting details
  • Develop testing automation strategy and ensure program alignment with NFA Information System Software Development Lifecycle (SDLC)
  • Implement metrics that measure performance of QA program
  • Assist in review of business requirement documents
  • Generate ad-hoc queries in MS Access or other tools available when requested

Requirements:

  • Knowledge of information systems project and operational/quality life cycles
  • Excellent organizational, communication, follow-up and time management skills
  • Strong analytical and problem solving skills
  • College graduate; BA/BS in a related field preferred
  • Three to five years experience in software Quality Assurance
  • Experience leading the testing effort of one or more software initiatives
  • Expertise in QA best practices
  • Automated testing experience
  • 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 priorities and requirements
  • Knowledge of finance, derivatives (mainly swaps) trading, compliance and/or auditing a plus

Location: Chicago

Apply Now | Back to the Top

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/Responsibilities:

  • 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 two years of Oracle or comparable database 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

Apply Now | Back to the Top

© National Futures Association
All Rights Reserved.
Site Index | Disclaimer and Privacy Policy | NFA's Website

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.