The Trade Compliance Specialist will support the Compliance team to ensure the company’s compliance with laws and regulations in its crude and products trading business. In this role, you will assist with monitoring both physical and derivative transactions in compliance with CFTC and Exchange Rules. You will assist in developing and monitoring the company’s compliance plans, policies, and procedures.
Responsibilities:
- Lead the implementation of an automated trade surveillance function from its early stages and ensure integration into existing surveillance systems.
- Perform both trade and communications surveillance using monitoring tools on a daily basis in addition to ad hoc information gathering in response to exchange and regulator requests for information.
- Review trading activities and identify and mitigate regulatory compliance risk, implementing systems of work, processes, and procedures to deliver effective compliance. Undertaking compliance investigations and other compliance projects, providing expert advice and technical assistance as may be required.
- Be responsible for the ongoing improvements and undertaking of communications and trade monitoring
- Coordinate online training for new joiners and refresher training.
- Assist with onboarding new counterparties and intermediaries. Respond to queries from counterparties in the Know-Your-Customer process.
- Participate in the review of new transactions and analyze the impact on legal compliance.
- Develop and maintain compliance plans, policies, and procedures and monitor adherence to these policies.
- Assist with monitoring derivatives and physical trading activity for compliance with federal regulations and exchange rules.
- Propose and implement new monitoring and surveillance techniques based on changes to the business activity and any changes or amendments to trade regulations.
- Ensure current activities are adequately reported and document and test the company’s reporting process.
- Keep abreast of upcoming, new and revised rules, regulations, and directives applicable to the business and facilitate changes as required.
- Bachelor's degree required.
- 4+ years of experience in risk and compliance in energy commodities.
- Compliance experience in futures and physical commodities trading
- Working knowledge of commodity regulations and reporting.
- Knowledge of terms and conditions used in crude oil purchase and sale agreements.
- Existing knowledge of and use of trading analytical tools and trade surveillance software.
- Highly organized, self-starter with the ability to deliver a high level of quality in a fast-paced environment.
- Ability to meet deadlines and work under pressure.
Please note we will not sponsor, obtain, and/or petition for temporary visa status (for example, E, F-1, H-1, H-2, L, B, J, or TN) for candidates for this position and/or personnel hired for this position.
We are not accepting unsolicited resumes from third-party recruitment agencies; therefore we will not pay a fee for resumes submitted.