Regulatory and Exchange Compliance Specialist

Maven is an established and successful proprietary trading firm that focuses on options market-making alongside various other proprietary trading activities.  

We are looking for a Regulatory and Exchange Compliance Specialist to join our Chicago based Compliance team to contribute to the general workstreams and projects managed by the team, with a particular focus on the rules, regulations, guidance and best practices applicable to the support and development of our US based business activities.

As a specialist within the Compliance team, you will be focused on ensuring Maven understands its regulatory and exchange obligations; working with Compliance, and broader teams within the Firm, to ensure successful implementations and long-term compliance. 

You’ll need to adapt to a fast-paced proprietary trading environment, offering timely, high quality advice to support commercial objectives, whilst supporting the Firm in meeting its requirements under the US regulatory framework. As Maven expands its US trading activities across new products and a broader range of exchanges, the complexity of the regulatory and exchange rule requirements on the Firm increases.  Our aim is to ensure Compliance continues to provide market leading advice to the Firm and, in doing so, supports its safe, effective and sustainable growth and development.  

ROLE DESCRIPTION: 

• Assist the Head of Compliance (US) in ensuring that the Firm’s US business activities remain compliant at all times.
• Review, clarify and define the applicability of US regulatory and exchange rules.
• Provide regulatory advice and guidance to all relevant members of staff and senior management in the context of existing and new business and projects. 
• Facilitate the interpretation of US rules to support the business in ensuring its on-going compliance.  Carry-out risk assessments and implement monitoring / reporting as considered necessary.
• Review pending or proposed changes to US rules to assess impact on the Firm and coordinate the implementation of changes where required.
• Ensure that written supervisory policies and procedures remain fit for purpose and are implemented in practice.  Take a proactive approach in drafting and maintaining policies and procedures as needed.
• Assist with the management of regulatory exams and audits, including communications with exchanges.
• Contribute to the preparation of responses to regulatory and exchange enquiries and investigations.
• Collaborate with the different Trading and non-Trading teams across the Maven Group as required. 
• Assess the Firm’s compliance with applicable US rule-sets and report on findings.  Provide recommendations and coordinate the implementation of changes where appropriate.

WHAT YOU NEED TO HAVE: 

• At least 5 years of previous financial markets compliance experience in a similar role required, ideally supporting a proprietary trading firm, exchange or a relevant regulator.
• Bachelor’s level (or higher) degree, or equivalent
• Strong understanding of US regulatory and exchange rules, particularly as relevant to a proprietary trading firm market making US listed options.
• Knowledge and experience of relevant regulatory frameworks (such as FINRA, SEC, CFTC) alongside relevant exchange rule / SRO frameworks (including CME Group and CBOE Global Markets).  Knowledge related to other venues, such as NASDAQ, is considered beneficial.  
• Experience working directly with (and establishing excellent working relationships with) compliance advisors, regulators and exchanges.
• Articulate communicator, communicating effectively across all levels of the organisation.
• Ability to work independently, with judgement to involve management when required.
• Good organisational skills with the ability to manage multiple projects with competing deadlines.
• Relevant professional qualifications, such as Series 24 or Series 14 exams, are considered beneficial.

What we offer:

• A great environment whereby technology is key to our success
• The upside of a start-up without the associated risks
• Friendly, informal and highly rewarding culture
• A fast-growing global firm with plenty of opportunities where you will have a significant impact
• Company benefits including Medical, Dental, Vision Insurance coverage for employees and their dependents. 401k with employer match. Short Term Disability, Long Term Disability, and Life Insurance. Annual learning and development stipend.
• Annual compensation range from $170,000 - $200,000 USD plus eligibility for annual discretionary bonuses