Sr. Director of Compliance, Futures Commission Merchant (FCM)

Responsibilities

• Partner with the CCO in overseeing the Firm’s compliance program for futures, options on futures, and cleared swaps activities conducted as an FCM
• Maintain and enhance written supervisory procedures, compliance policies, and supporting control documentation governing customer protection, supervision, complaint handling, and other applicable regulatory requirements
• Translate regulatory obligations into practical supervisory controls, clear ownership, and evidence standards
• Design and evolve a data-driven compliance monitoring and testing program, leveraging automation, workflow tools, analytics, and regtech solutions to increase coverage and reduce manual lift
• Identify opportunities to eliminate manual dependencies and systematize, automate, and embed compliance controls within trading, clearing, finance, and customer workflows
• Lead regulatory change management efforts, including assessment of CFTC, NFA, and exchange rule developments, impact analysis, and implementation across business units
• Lead day-to-day regulatory engagement activities, including coordination of NFA examinations, CFTC inquiries, and exchange reviews, and preparation of materials for CCO review and approval
• Provide second-line oversight support with respect to financial responsibility requirements, including customer funds segregation, secured amount calculations, and net capital compliance, in coordination with Finance and Operations
• Advise senior management and business stakeholders on regulatory obligations affecting trading conduct, clearing operations, promotional standards, margin and collateral processes, reporting, supervision, and operational change
• Support new product launches, operational enhancements, automation initiatives, and technology deployments through structured compliance-by-design assessments
• Manage and mentor members of the compliance staff while fostering a culture of continuous improvement
• Prepare compliance reporting and governance materials for senior management and assist in drafting the Annual CCO Report and other key program deliverables
• Identify emerging regulatory risks, control gaps, or scalability constraints and escalate material matters to the CCO in a timely and well-supported manner
• Serve as the CCO’s designated alternate consistent with delegated authority, including providing coverage in key meetings, regulatory interactions, and internal governance forums as needed

Requirements

• 8–12 years of futures compliance experience, including substantial experience within or directly supporting an FCM
• Strong working knowledge of CFTC regulations applicable to FCMs
• Strong working knowledge of NFA Compliance Rules and Interpretive Notices
• Strong working knowledge of exchange rulebooks (e.g., CME Group)
• Strong working knowledge of customer protection and financial responsibility frameworks (segregation, secured amount, net capital)
• Demonstrated experience leading or materially supporting regulatory examinations, inquiries, and remediation programs
• Ability to design, implement, and scale supervisory controls, governance processes, and compliance infrastructure
• Strong judgment, clear communication, and the ability to influence cross-functional stakeholders

Nice-to-Haves

• Series 3 preferred
• Experience in a growth environment where compliance infrastructure is being scaled

Compensation

• Salary range: $180,000 - $230,000 USD
• Annual target bonus: 15% (50% individual performance, 50% company/team performance)
• 401k with 3.5% company match
• 23 days PTO + 7 paid holidays