Futures and Forex Compliance Manager
You will work closely with a senior management team that recognizes the critical importance of compliance as you implement policies and procedures that provide a stable foundation for the firm. The ideal candidate will be able to combine exemplary knowledge of SRO and exchange rules with a keen understanding of the trading and clearing business in their approach to implementing compliance solutions.
This position will likely become a management role within the upcoming 6-24 months as the firm grows in customer business and scope and the candidate proves themselves as an individual contributor first. This position may become the firm’s Chief Compliance Officer depending on experience.
Responsibilities
- Overall responsibility for identification and management of the firm’s compliance activities.
- Keep all staff informed about developments in regulatory requirements.
- Maintain and monitor the Firm’s internal compliance manuals, policies, and procedures such as AML.
- Identify and maintain an inventory of applicable laws and regulations with the support of external legal counsel where appropriate.
- New account due diligence checks (part of account opening process).
- Monitor the business by performing internal audits of process and transactions.
- Act as the anti-money laundering officer.
- Manage and respond to internal/external audits and regulatory inquiries/examinations.
- Liaise with relevant external bodies including regulators and standards setters pro-actively to communicate the firm’s point of view.
- Present compliance related status and US market information to company owners and affiliate firm managers as needed.
Minimum Qualifications
- Associate degree in Accounting, Finance or related field or equivalent professional experience.
- Three or more years working in the futures industry with at least two years in a compliance capacity.
- Basic understanding of futures products, trading, clearing, settlement client services, and financial processes.
- Solid knowledge of the CME, NFA, CFTC rules and regulations.
- Necessary traits: Absolute integrity, strong sense of ownership, detailed oriented solid communication skills, ability to reflect and learn from mistakes, and willingness to learn and grow with the company.
- Comfortable with Microsoft Excel, Word, Outlook, and Powerpoint.
- Resourceful and able to network to collaborate with industry peers.
- Monitor the trading activities of customers including IBs where applicable.
Preferred Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Five or more years working in the futures industry with at least three years in a compliance capacity.
- Forex compliance experience.
- Equities (Broker Dealer) experience a plus.
- Working knowledge of the NFA, CFTC , and CME clearing rules and regulations
- Series 3 exam passed
- Inquisitive, assertive, and energetic. Someone who goes above the black and white rules to find potential issues in the gray areas outside the strict rules and finds creative ways to monitor customer electronic trading activity utilizing in-house programmers.
- Trading experience a plus but not a replacement for the minimum qualifications.
- Conversational skills in foreign languages beyond Mandarin, Cantonese, Norwegian, Greek, or German a plus.
Next Steps
Please send a resume and salary expectations to careers@phillipusa.com to be considered for the position with compliance in the subject line. No phone calls and do not contact Phillip businesses in other countries about this position. Phillip Futures Inc. will not consider candidates sent by recruiters for this position.
About Phillip Futures Inc.
Phillip Futures Inc. is Futures Commission Merchant (FCM) based in Chicago, specializing in Global Derivatives and Commodities broking. Located in the historical Chicago Board of Trade Building in downtown Chicago, Phillip Futures Inc. is a newly formed Futures Commission Merchant, with a clearing membership with the CME/CBOT/COMEX/NYMEX exchanges, and plans to expand business relationships into other major global exchanges. While the name is new to the US financial landscape, Phillip Futures Inc. has common ownership and works closely with other firms within the Phillip Capital group, which is headquartered in Singapore, with an established name in the Asia financial scene. The group has network companies operating in the financial hubs of more than 10 countries, has more than $1B in customer funds on deposit and it is a leading provider of a full range of investment services including global equities, futures, commodities, currencies, mutual funds, insurance etc. in Asia. In addition, our affiliated companies hold direct membership to a number of major exchanges around the world. PhillipCapital Group companies are clearing members of SGX (Singapore), SMX (Singapore), BMD (Malaysia), ICDX (Indonesia), HKEx (Hong Kong), OSE (Japan), and TFEX (Thailand) in addition to the CME group exchanges.
Find out more at www.phillipusa.com
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