Trade Practice Investigator

CME Group•Chicago, IL

10d•$63,500 - $105,800

About The Position

The Market Regulation Department of CME Group helps satisfy statutory and regulatory provisions associated with operating designated contract markets. Trade Practice Investigators protect the welfare and integrity of CME Group exchanges by safeguarding markets from abusive, disruptive, or illegal activity. Using proprietary trade practice surveillance tools and other resources, investigators monitor markets for potential rule violations, detect and prevent manipulative behavior, and conduct investigations. Entry-level investigators receive extensive training and work closely with experienced colleagues as they develop the skills to conduct high-quality investigations with minimal supervision. Investigators perform timely program reviews, assess complaints, conduct independent research, and investigate potential trade practice violations. They take recorded statements from subjects and witnesses, communicate analytical findings and recommended dispositions to Investigations management, and prepare concise, well-supported reports for management and Enforcement counsel as appropriate. The role requires developing a sound understanding of market fundamentals, trade practices, investigation and surveillance techniques, and CME Group exchange rules and regulations. Investigators manage multiple assignments and work independently in a fast-paced environment. CME Group describes its culture as collaborative and supportive of professional development and career advancement. The company offers a competitive total rewards package, including an annual target bonus opportunity and broad-based equity program. Its benefits package includes health coverage, a retirement package with a 401(k) and active pension plan, education reimbursement, paid time off, and a mental health benefit. The stated pay range is $63,500–$105,800; actual salary depends on factors including relevant experience, skills, education, and internal comparisons.

Requirements

Bachelor’s degree from a four-year accredited institution.
Experience working with large datasets.
Strong to exceptional analytical, quantitative, and critical-thinking skills.
Strong oral and written communication skills.
Strong organizational, time-management, and problem-solving skills.
Ability to work independently in a fast-paced work environment.
Intermediate to advanced proficiency with Microsoft Word and Microsoft Excel.
Ability to manage multiple program, complaint, research, and case assignments and complete them on time.
One to three years of direct work experience at an exchange, regulatory organization, or Futures Commission Merchant is preferred; recent high-performing college graduates with relevant or transferable skills and experience are also considered.

Nice To Haves

Advanced or professional degree.
One to three years of direct work experience at an exchange, regulatory organization, or Futures Commission Merchant.
Experience with Python, R, and/or data visualization.

Responsibilities

Perform timely program reviews to identify potential trade practice rule violations, including spoofing, disruptive trading, prohibited prearranged trading, use of non-public order information, customer-order priority violations, and reporting or recordkeeping failures.
Evaluate complaints from market participants and conduct independent ad hoc and structured research for evidence of potential rule violations.
Conduct comprehensive investigations into potential trade practice rule violations identified through program, complaint, and research reviews.
Take recorded statements from investigation subjects and witnesses.
Communicate analytical results and recommend appropriate dispositions to Investigations management.
Produce concise, thoroughly grounded argumentative reports for Investigations management and Enforcement counsel, as appropriate.