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Opportunities

(As of November 20, 2014)

Manager, OTC Derivatives
Manager, OTC Derivatives Monitoring
Senior Compliance Examiner, OTC Derivatives
Compliance Examiner, OTC Derivatives
Compliance Examiner—Documentation Compliance, OTC Derivatives
Risk Analyst
Manager, Examinations
Compliance Examiner
Compliance Administrative Supervisor
Compliance Intern
Senior Systems Analyst I, Market Regulation
Operations Lead—2nd Shift

Application Process

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

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Manager, 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 Derivatives Department in its prioritization of areas for review.

The position reports to the Director of OTC Derivatives Monitoring and has a key role in assisting the Director in the development and execution of the overall program. In addition, the manager will oversee staff involved in performing monitoring activities and is expected to assist in scheduled and unscheduled continuous monitoring exercises. This position will involve domestic and foreign travel.

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.
  • 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 in the organization.
  • Identify and evaluate appropriate news articles and industry information in order to determine impact to Member firms.
  • Conduct periodic discussions with the Chief Compliance Officer and other firm personnel on changes taking place at the firm and the status of the remediation of major non-compliance issues.
  • Partner with the OTC Derivatives Risk Advisory and Examination teams to share pertinent information uncovered during the course of CMP activities.
  • Participate in examination planning meetings and provide input to the scope development.
  • Prepare periodic reporting to management on the status of CMP initiatives and activities.
  • 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 NFA, working with other 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 with a business-oriented major
  • Minimum of 6 years work experience in the financial services industry preferably in a compliance, auditing or risk capacity
  • Strong analytical 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 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 knowledge Listed and/or OTC derivatives market
  • Strong knowledge 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

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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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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

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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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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

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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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Compliance Administrative Supervisor

Description: Provide administrative and support services to the Senior Vice President, Compliance.

Duties/Responsibilities include:

  • Coordinate daily schedule to ensure that the department's Senior Vice President is prepared for meetings and kept on schedule.
  • Maintain calendar 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 requires familiarity with industry terminology, and experience with creating and formatting documents, including in PowerPoint 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.
  • Photocopy and fax documents for a range of business purposes.
  • Supervise the daily activities of the department's administrative assistants and provide them with periodic feedback.
  • Participate in special projects as needed.

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
  • High degree of confidentiality with excellent judgment and diplomacy
  • Excellent planning and organizational skills, with the ability to work independently and effectively under pressure
  • Ability to quickly learn new concepts and rapidly adapt to changing priorities and requirements
  • Strong analytical and conceptual problem solving skills
  • Detailed-oriented and independently motivated
  • Excellent verbal, written and interpersonal skills
  • Must be flexible and able to work cooperatively in a team setting
  • Strict ethical standards and professionalism are required

Location: Chicago

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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

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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

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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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