Compliance Officer – FCM and Clearing Member Compliance

Compliance Officer – FCM and Clearing Member Compliance

The Compliance Department at Millennium serves to adopt, implement, and carry out a compliance program, including policies and procedures, processes, systems, controls, surveillance, testing and reporting, which is designed to prevent or detect violations of applicable laws, rules and regulatory requirements and Firm policies.

Day-to-day, the Compliance Officer will be instrumental in navigating regulatory requirements applicable to Millennium’s registered FCM and Clearing Member.  Your primary focus will be delivering real-time compliance advisory services for Millennium’s self-clearing futures business.  You will oversee transactions, conduct self-examination reviews, educate employees on regulatory requirements, and implement policies and procedures to minimize non-compliance risks.  You will also address inquiries and assist with regulatory examinations and investigations.

Ideal candidates should have experience working in compliance and/or regulatory reporting at a registered FCM and CME Clearing Member. The role requires an investigative mentality with an analytical approach to problem solving and keen attention to detail.  Additionally, possessing excellent verbal and written communication skills and having prior experience working in a highly regulated environment is required.

Responsibilities

• Assist the FCM’s Chief Compliance Officer by delivering Compliance Advisory services to FCM and Clearing Member business.
• Complete or assist in completing FCM regulatory inquiries and examinations
• Collaborate to ensure compliance calendar deadlines are met
• Develop or assist in development of FCM policies and procedures
• Address FCM business questions
• Support FCM related compliance matters
• Ensure adherence to the FCM’s regulatory requirements under NFA, CFTC, CME, FICC and other applicable organizations
• Reviews of electronic communications
• Undertake special compliance related projects as assigned
• Maintain accurate and organized compliance books and records

Qualifications/Skills Required

• Bachelor’s degree in Finance, Economics or a related field is preferred, with a strong academic record
• 5+ years of experience; prior compliance and/or regulatory reporting experience at a registered FCM and CME Clearing Member
• Experience in the securities and trading industry preferred 
• Knowledge of US financial markets, clearing, trading, and regulatory reporting
• Experience working with FCM bookkeeping systems (e.g., GMI)
• Exceptional written, analytical, and research skills and the ability to apply both quantitative and qualitative analysis 
• Strong attention to detail, organization, and effective communication skills, both verbal and written
• Ability to work effectively and independently with all levels of management and staff 
• Ability to handle several tasks simultaneously
• Attention to detail and the ability to identify complex problems, review related information to develop and evaluate options
• Proficient to advanced computer skills including Bloomberg, MS Outlook, Word, Excel and PowerPoint

The estimated base salary range for this position is $70,000 to $160,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.