Apply on Employer Site

Paul Murphy Associates · 3 weeks ago

Chief Compliance and Regulatory Officer

Chicago, IL

Full-time

Hybrid

Director/Executive

10+ years exp

Paul Murphy Associates is seeking a Chief Compliance & Regulatory Officer (CCRO) to lead the organization’s compliance and regulatory functions. The CCRO will ensure adherence to the Commodity Exchange Act and act as a primary liaison with regulatory bodies while fostering a strong culture of compliance across the organization.

ConsultingFinanceRecruiting

Responsibilities

Serve as the primary point of contact for the CFTC, NFA, and other regulatory bodies. Manage all regulatory inquiries, examinations, and Rule Enforcement Reviews (RERs)

Oversee the drafting and submission of all rule filings (self-certifications and approval requests) under Part 40 of CFTC regulations, ensuring that new products and rules meet statutory standards

Advise Executive Leadership and the Board on the regulatory implications of new business lines, products, and technologies

Oversee a robust trade practice surveillance program to detect and prevent manipulation, wash trading, spoofing, and other disruptive trading practices

Lead the market regulation function, conducting investigations into rule violations and managing the disciplinary process (disciplinary panels, fines, and settlements)

Ensure the integrity, retention, and production capability of the electronic audit trail

Work closely with the Chief Risk Officer to ensure the risk management framework complies with Core Principles, including fully funded margin methodologies, financial resources, and default management

Oversee the due diligence and onboarding process for Clearing Members, including Market Makers and Futures Commission Merchants (FCMs)

Monitor strict adherence to customer fund segregation and protection rules (LSOC)

Prepare materials for and report quarterly to the ROC. Ensure the committee has sufficient information to fulfill its oversight responsibilities

Draft and certify the Annual Compliance Reports for both the DCM and DCO as required by the CEA, detailing the firm’s compliance with Core Principles

Develop, maintain, and enforce the Compliance Manual, Code of Ethics, Whistleblower Policy, and AML/KYC program in accordance with Bank Secrecy Act requirements

Identify and manage potential conflicts of interest between the firm’s commercial interests and its self-regulatory obligations

Qualification

Compliance expertiseRegulatory knowledgeLeadership experienceDerivatives industry experienceC-suite engagementLegal knowledgeBachelor's degreeJ.D.Master's degree

Required

Minimum of 10+ years of progressive experience in compliance, legal, or regulatory roles within the derivatives industry (exchange, clearinghouse, FCM, or regulatory body)

Demonstrated leadership experience managing high-performing compliance teams and engaging with C-suite executives and Board Directors

Expert-level knowledge of the Commodity Exchange Act (CEA), including Part 37/38 (DCMs), Part 39 (DCOs), and Part 40 (Provisions Common to Registered Entities)

Bachelor's degree required