About this Compliance Officer – Trade Surveillance role at CTC Lateral - Website & LinkedIn
Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making. Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology. For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.
We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.
As a Compliance Officer, you will report to the Chief Compliance Officer and handle various tasks supporting the firm’s global compliance operations, focusing on securities and futures trade surveillances for all CTC trading affiliates globally. The ideal candidate will be self-motivated and use their experience, analytical skills, and intellectual curiosity to primarily accomplish the following:
What You’ll Do
- Develop, refine, and apply proprietary and external surveillance rules related to market maker quote compliance and market abuse.
- Define business requirements for proprietary and third-party (e.g., Eventus, Nasdaq SMARTS) surveillance system enhancements and work closely with technology teams to confirm technical requirements and drive enhancement efforts to completion.
- Investigate surveillance alerts and escalate findings to the Chief Compliance Officer and the Director of European Compliance.
- Supervise Compliance staff responsible for completing first level surveillance reviews.
- Draft and update compliance written supervisory procedures related to trading compliance, including desktop procedures for Compliance staff.
- Review and summarize proposed regulatory rules and guidance related to trading compliance for applicability.
- Assist in the preparation of responses to formal investigations and other regulatory inquiries from various U.S. and European regulators, such as the SEC, FINRA, CME, FCA, EUREX, ICE, and other U.S. and European exchanges.
- Liaise and communicate with various teams including trading, technology, and operations.
What We’re Looking For
- Bachelor’s degree required.
- Candidates should have at least 8 years of experience in a compliance function that directly supports a professional trading business, or at least 3 years in a compliance function that supports a professional trading business and 5 additional years in non-compliance roles in financial services.
- Ability to manage and prioritize multiple ongoing projects in a fast-paced, high-performing trading environment.
- Ability to regularly assess the efficiency of control systems and recommend effective improvements.
- Demonstrate a high level of integrity.
- Proactive approach to help identify regulatory risk for the firm.
- Ability to operate effectively in a team environment.
- Solid knowledge of electronic trading, emphasizing listed options and futures.
- Extensive knowledge of SEC, FINRA, CFTC and U.S. exchange rules and regulations. Experience with European trading rules a plus.
- Establish strong working relationships with exchanges, regulators and vendors.
- Exceptional verbal and written communication skills.
- Strong time management skills with an emphasis on follow-through and completion of projects.
- Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment authorization for this job opening.
Nice to Have
- Series 3, 7, or 57.
- Prior securities or commodities trading experience.
Compensation
The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance.
Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.
Our Benefits
We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience.
(Disclaimer: interns and contractors are not eligible for benefits at CTC)
Our Commitment to Diversity, Equity and Inclusion
At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.
If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.
Use of Artificial Intelligence (AI)
Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.
