This position is responsible for protecting the integrity of the North American Derivatives Exchange (“Nadex”) and enforcing the rules and regulations of the Commodity Futures Trading Commission (“CFTC”) and Nadex. The role will include daily market surveillance of Nadex and overall monitoring to detect market activity that could adversely affect Exchange contracts or violate rules or regulations of the CFTC or Nadex. Additionally, this position will be responsible for analyzing various market surveillance reports, compliance inquiries and requests, and other compliance related functions.
Conduct daily market surveillance of all trading on the Exchange, reviewing for signs of potential market abuse and other trade practice violations.
Conduct and document investigations into manipulative trading activity for FX and commodity-based transactions, and other relevant trade practice violations.
Exhibit strong written and verbal communication skills and routinely communicate with market participants in conducting surveillance activities and investigative responsibilities.
Exhibit strong knowledge of the underlying FX and futures markets, with a background in market regulation/compliance.
Communicate surveillance analysis and findings to department management and to other members of the department.
Prepare written reports that are reviewed by management staff and, in situations involving material rule violations, presented to Exchange disciplinary committees.
Conduct compliance ad-hoc monitoring for potential rule violations or concerning activities related to trading activity, money-laundering and fraud, and other Nadex rule violations.
Assist the Chief Regulatory Officer and Senior Manager of Market Regulation in audit and regulatory requests from the CFTC and Internal Audit.
Assist in monitoring and responding to customer and internal questions for Compliance.
Engage in positive working relationships with Market Makers on the Exchange in an effort to foster open communication.
Education/ Experience Requirements:
Bachelor's degree in Finance, Economics, or Business or equivalent work experience.
Minimum 2-3 years in market regulation or surveillance for a Regulatory Agency, an Exchange, or equivalent experience at a proprietary trading firm in market regulation/compliance.
Should have working knowledge of CFTC Regulations for Designated Contract Markets (DCMs), including in-depth knowledge of prohibited forms of market abuse.
Excellent written and oral communication skills.
Proven ability to manage projects and work independently to bring projects to completion in a fast-paced environment.
Demonstrated ability to successfully multitask and prioritize job responsibilities.
MS Word, MS Excel, and various third-party Market Regulation software systems.
Medical, Dental and Vision Coverage
401K Retirement Saving Plan
Stock Purchase Plan
Gym Reimbursement Annually
Competitive Vacation & Sick Time (Annually)
Job Type: Full-time
Number of openings