Senior Compliance Officer at Belvedere Trading

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Proprietary TradingIndustries

Requirements

10+ years regulatory compliance experience working for an exchange, a regulatory organization, a Broker Dealer (BD), a Futures Commission Merchant (FCM) or similar organization
Deep expertise in broker-dealer and commodities trading laws and regulations and their applicability to large proprietary trading firms
Experience with FINRA CAT daily reporting
Experience with designing, implementing, and reviewing regulatory surveillance
Experience identifying compliance process inefficiencies and implementing technical-based solutions
Demonstrate initiative and an ability to identify, prevent, and mitigate regulatory risks
Be an independent leader on projects that improve trading operations management
FINRA Series 57 and 24 preferred
Bachelor’s Degree required and Masters Degree preferred
Intermediate data query skills, such as SQL
Proficiency in Excel and data analysis

Responsibilities

Provide strategic regulatory compliance guidance to the firm’s business lines and leadership team
Suggest pragmatic, scalable, and automated compliance solutions for new or existing business initiatives
Conduct comprehensive internal compliance reviews to identify potential operational gaps or inefficiencies and develop strategic and scalable solutions
Periodically review the firm’s supervisory procedures for relevance, adequacy, and effectiveness
Keep abreast of regulatory developments, including rulemaking by the firm’s regulators and self-regulatory organizations
Promote a culture of compliance throughout the firm and accountability by the firm’s registered principals with respect to their supervisory responsibilities
Administer compliance training to the firm’s employees
Oversee the firm’s engagement and response to regulatory examinations, audits, and inquiries
Oversee the firm’s FINRA CAT compliance and work with the teams responsible for daily reporting
Draft and update policies and procedures to conform to new regulations
Draft desktop procedures for a variety of Compliance functions

Skills

Key technologies and capabilities for this role

Regulatory ComplianceCompliance Program ManagementInternal ReviewsSupervisory ProceduresRisk AssessmentRegulatory MonitoringFINRASECCFTC

Questions & Answers

Common questions about this position

What experience is required for the Senior Compliance Officer role?

Candidates need 10+ years of regulatory compliance experience working for an exchange, regulatory organization, broker-dealer, futures commission merchant, or similar, with deep expertise in broker-dealer and commodities trading laws and regulations applicable to large proprietary trading firms, plus experience with FINRA CAT daily reporting and designing compliance programs.

What are the main responsibilities of the Senior Compliance Officer?

The role involves providing strategic regulatory compliance guidance, suggesting scalable compliance solutions, conducting internal reviews, reviewing supervisory procedures, staying updated on regulations, promoting a compliance culture, administering training, overseeing regulatory exams and FINRA CAT compliance, and drafting policies and procedures.

Where is the job located and is it remote?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What does Belvedere Trading look for in team members?

The company seeks passionate team members who excel and whose contributions are critical to continued success, as part of the Business department that builds processes to improve productivity and enhance the team experience.

Belvedere Trading

Proprietary trading firm specializing in options

About Belvedere Trading

Belvedere Trading is a proprietary trading firm located in Chicago that focuses on options trading in the financial markets. The firm uses its own technology and risk management strategies to identify and take advantage of market inefficiencies quickly. Belvedere continuously updates and improves its trading models and software to maintain a competitive edge. Unlike many of its competitors, Belvedere emphasizes a strong company culture that fosters entrepreneurship and empowerment among its team of over 200 members, which helps to keep employee turnover low. The firm's goal is to grow and adapt to the changing financial landscape while maximizing efficiency and leveraging its talented workforce.

Chicago, IllinoisHeadquarters

2002Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

201-500Employees

Benefits

Medical coverage

Life Insurance

Complimentary access to a full gym in the building

Time off

Parental leave

401(k)

Continuing education

Transit benefit program

Relocation reimbursement

Risks

Increased competition from Databento may impact Belvedere's market share.

Investment in volatile sectors like cryptocurrency exposes Belvedere to financial risks.

Small-cap stock investments pose risks due to inherent volatility and price fluctuations.

Differentiation

Belvedere Trading leverages proprietary technology to capitalize on market inefficiencies.

The firm specializes in options trading with a focus on equity index and commodity derivatives.

Belvedere Trading maintains a distinctive company culture with high entrepreneurship and empowerment.

Upsides

AI-driven trading algorithms enhance Belvedere's proprietary technology for efficient trading strategies.

Quantum computing opens new avenues for risk management and trading model optimization.

Cloud-based trading platforms enable faster, scalable operations aligning with Belvedere's tech focus.

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