Trade Practice Investigator

Chicago Mercantile Exchange•Chicago, IL

11d

About The Position

The Market Regulation Department of CME Group helps satisfy statutory and regulatory requirements associated with operating designated contract markets. Trade Practice Investigators safeguard CME Group markets from abuse and support their welfare and integrity. They use proprietary trade practice surveillance tools and other resources to monitor markets for abusive, disruptive, or illegal activity; detect and prevent manipulative behavior; and conduct investigations to ensure compliance with CME Group exchange rules. Entry-level investigators receive extensive training and work with experienced colleagues to develop the skills needed to conduct high-quality investigations with minimal supervision. Investigators review trading activity, participant complaints, and research findings to identify potential rule violations. They conduct comprehensive investigations, take recorded statements from subjects and witnesses, communicate analytical findings and recommended dispositions to management, and prepare concise, well-supported reports and discovery materials. The role requires a sound understanding of market fundamentals, trade practices, investigative and surveillance techniques, and exchange rules and regulations. It also involves working with large datasets and analytical tools, producing written materials, conducting interviews, and managing multiple assignments. The position offers exposure to CME Group products and its regulatory department, opportunities for professional development and career advancement, and collaborative work intended to help keep markets open, fair, and transparent. The stated pay range is $63,500–$105,800, with an annual target bonus opportunity and broad-based equity program. CME Group also describes a comprehensive benefits package that includes health coverage, retirement benefits, education reimbursement, paid time off, and a mental health benefit.

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 in Microsoft Word and Microsoft Excel.
Ability to develop or apply knowledge of market fundamentals, trade practices, investigation and surveillance techniques, and CME Group exchange rules and regulations.

Nice To Haves

Advanced or professional degree.
One to three years of direct work experience at an exchange, regulatory organization, or Futures Commission Merchant; this experience is preferred.
Recent high-performing college graduates with relevant or transferable skills and experience are also considered.
Experience with Python, R, and/or data visualization.

Responsibilities

Perform timely program reviews to detect potential trade practice rule violations, including spoofing, disruptive trading, prohibited prearranged trading, misuse of non-public order information, violations of customer order priority, and failures to meet reporting or recordkeeping requirements.
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 violations identified through program reviews, complaints, and research.
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, as appropriate, Enforcement counsel.
Prepare written materials and discovery, such as interrogatories and information requests.
Manage multiple program, complaint, research, and case assignments and complete them in a timely manner.