Head of Central Surveillance

StoneX Group Inc.-posted 2 months ago
Full-time • Mid Level
Onsite • Chicago, IL
1,001-5,000 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
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Connecting clients to markets - and talent to opportunity With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we're a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors. Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth. Business Segment Overview: Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you'll have the opportunity to optimize processes and implement game-changing policies. Position Purpose: Oversee the trade surveillance team for StoneX's North American Futures, Swaps and Retail FX businesses, covering various exchanges and regulators. Working with vendors, the business and other internal stakeholders, ensure the program meets required service level standards, is regularly stress-tested, appropriate documentation exists including policies and procedures, training is undertaken of junior staff and the business, and regular reporting to senior management and business stakeholders. The role involves monitoring regulatory and exchange developments, enforcement actions and other industry developments to ensure the program remains fit for purpose.

  • Take lead role in reviewing daily trade and market surveillance alerts generated by customers and internal traders. Use investigative skills to review trading patterns, potential issues, and other disruptive trading practices that could constitute violations of regulations or exchange rules. Collaborate within Compliance to resolve issues.
  • Manage a small team of compliance professionals.
  • Work both internally as well as with outside vendors to appropriately calibrate the program.
  • Ensure regular risk assessments are undertaken reflecting the nature of the business and regulatory/exchange environment.
  • Manage and participate in the pre-trade and post-trade review process for both entities including Exchange for Related Position (EFRP) and OTC Life of a Trade (LOAT) reviews.
  • Ensure policies and procedures and other documentation is up to date and fit for purpose.
  • Provide training and advice to junior staff and front office employees around market conduct and disruptive practices.
  • Constantly review the program for improved efficiencies, including the use of AI.
  • Regularly attend industry conferences and calls, staying up to date on continuing developments.
  • Participate in the completion of the annual compliance audit by the firm's designated self-regulatory organization.
  • Ensure appropriate and regular management information is produced.
  • Act as a liaison between the Firm and Exchange Market Regulation personnel.
  • Identify potential areas of compliance vulnerability and risk; develops and/or implements corrective action plans for resolution of problematic issues and provides general guidance on how to avoid or deal with similar situations in the future.
  • This list of responsibilities may not be all-inclusive and may be reasonably expanded to include other duties or responsibilities as needed.
  • 10+ years' compliance experience preferably with exposure to commodities and FX.
  • Must be familiar with futures, options, and commodity swaps under the jurisdiction of the CFTC, and FX.
  • Familiarity with securities-based swaps under the jurisdiction of the SEC preferred
  • Strong organization skills along with attention to detail.
  • Demonstrated proficiency using Microsoft Office.
  • Ability to manage multiple tasks and adapt to changing priorities in a fast-paced environment.
  • Experience in researching, interpreting and disseminating information on compliance regulations and laws.
  • Effective written and oral communication skills.
  • Previous people management skills preferred.
  • This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.
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