Paul Murphy Associates
Chief Compliance and Regulatory Officer
Paul Murphy Associates, Chicago, Illinois, United States, 60290
Title:
Chief Compliance and Regulatory Officer
Location:
Chicago, IL or New York, NY (Hybrid)
The Chief Compliance & Regulatory Officer (CCRO) will lead the organization’s compliance and regulatory functions. As a dual‑registered entity (DCM and DCO), the organization operates at the intersection of technology and regulated derivatives markets, pairing market innovation with strict regulatory adherence.
The CCRO will serve as the statutory Chief Compliance Officer for both the exchange and the clearinghouse. This role is responsible for ensuring the firm’s adherence to the Commodity Exchange Act (CEA), CFTC Core Principles, and all applicable laws. The CCRO will act as a primary liaison with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), as applicable, serving as the guardian of market integrity and ensuring a strong culture of compliance across the organization.
Regulatory Strategy & Liaison
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.
DCM (Exchange) Compliance
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.
DCN (Clearing) Compliance
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).
Corporate Compliance & Governance
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.
Qualifications Required Experience
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).
Education
J.D. or Master’s degree in Finance or Business strongly preferred.
Seniority level
Executive
Employment type
Full‑time
Job function
Other
Industries
Financial Services & Securities and Commodity Exchanges
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Chief Compliance and Regulatory Officer
Location:
Chicago, IL or New York, NY (Hybrid)
The Chief Compliance & Regulatory Officer (CCRO) will lead the organization’s compliance and regulatory functions. As a dual‑registered entity (DCM and DCO), the organization operates at the intersection of technology and regulated derivatives markets, pairing market innovation with strict regulatory adherence.
The CCRO will serve as the statutory Chief Compliance Officer for both the exchange and the clearinghouse. This role is responsible for ensuring the firm’s adherence to the Commodity Exchange Act (CEA), CFTC Core Principles, and all applicable laws. The CCRO will act as a primary liaison with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), as applicable, serving as the guardian of market integrity and ensuring a strong culture of compliance across the organization.
Regulatory Strategy & Liaison
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.
DCM (Exchange) Compliance
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.
DCN (Clearing) Compliance
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).
Corporate Compliance & Governance
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.
Qualifications Required Experience
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).
Education
J.D. or Master’s degree in Finance or Business strongly preferred.
Seniority level
Executive
Employment type
Full‑time
Job function
Other
Industries
Financial Services & Securities and Commodity Exchanges
#J-18808-Ljbffr