Job DescriptionThe Head of Compliance for Energy and Commodities Business and Chief Compliance Officer FCM role is a critical leadership position within Cantor Fitzgerald Securities. You will be responsible for overseeing compliance across the firm's Energy and Commodities Brokerage business and its Introducing Brokers, as well as serving as the Chief Compliance Officer for the FCM. This role demands a deep understanding of the Energy and Commodities sector and FCM compliance requirements, and you will collaborate closely with various functions to maintain a robust compliance management system.
Responsibilities- Design, implement, and enhance compliance programs for the FCM and IBs, ensuring alignment with Commodity Exchange Act and CFTC requirements.
- Prepare and submit the CFTC Annual Report for the FCM, including testing results and remediation tracking.
- Partner with Risk to maintain the FCM's risk management program, including independent testing and model/limit governance.
- Enhance trade and communications surveillance, and fair dealing controls for the FCM and IBs.
- Conduct risk-based compliance testing and ongoing monitoring for FCM and IB requirements, tracking findings and corrective actions.
- Serve as the point of contact for FCM and IB regulatory examinations and inquiries, coordinating responses and data production.
- Monitor regulatory developments and industry guidance, driving impact assessments and gap analyses.
- Oversee compliance with books-and-records requirements, including daily trading records and voice/electronic communications retention.
- Provide proactive advisory support to Front Office, Operations, and Technology on FCM/IB rules and regulations.
- Develop and deliver targeted training on regulatory changes and control enhancements to relevant stakeholders.
Qualifications- Bachelor's degree is required; advanced degree or recognized compliance credential is preferred.
- Minimum of 10 years of experience in compliance, legal, risk, or audit, focused on derivatives or securities at an SD, SBSD, broker-dealer, FCM, or bank.
- Demonstrated expertise in governance, CCO reporting, compliance testing, and management of regulatory exams.
- Strong understanding of business conduct standards, disclosures, suitability, and trading recordkeeping.
- Experience with risk management program requirements, trade surveillance, and escalation frameworks.
- Proficiency in data analysis and control documentation, with experience in reporting/surveillance tools preferred.
- Excellent communication skills, with the ability to explain complex regulations clearly.
- High integrity, sound judgment, and a strong ownership mindset, able to thrive in a fast-paced, control-focused environment.
- Regulatory acumen and practical judgment in applying CFTC and NFA rules.
- Structured problem-solving skills and a collaborative approach to challenging and influencing stakeholders.
