Senior Compliance Manager

Job Title: Senior Compliance Manager

Location: Remote eligibility (Eligible states: IL, NY, CA, CT, DC, FL, MA, NC, TX, WI)

Preferred onsite location: Chicago, IL

Company Overview:
ForecastEx (a Subsidiary of IBKR) is an innovative and fast-growing derivatives exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC). As a pioneer in the derivatives market, we offer unique and dynamic products, including forecast contracts, that are tailored to a broad range of retail traders and institutional participants. Forecast Contracts are a unique type of event derivative that allows participants to invest in a wide range of macroeconomic, climate, and political topics.

Job Summary:
We seek a highly experienced Risk Officer to lead our compliance and regulatory initiatives. This leadership role involves ensuring adherence to CFTC regulations, managing compliance risks, spearheading interactions with CFTC regulators and fostering a culture of regulatory excellence. The ideal candidate will combine deep regulatory expertise with a proactive approach to navigating the evolving derivatives market landscape.

Key Responsibilities:

1. Regulatory Oversight and Compliance Management:
• Serve as the primary point of contact for regulatory matters, including interactions with the CFTC and other regulatory bodies.
• Develop, implement, and maintain a comprehensive compliance program to ensure adherence to all applicable laws and regulations.
• Oversee regulatory filings, audits, and examinations, ensuring timely and accurate submissions.
2. Policy Development and Implementation:
• Establish and enforce internal policies and procedures to mitigate compliance risks.
• Stay updated on regulatory changes and industry best practices, advising leadership on necessary adjustments.
3. Risk Assessment and Monitoring:
• Identify, assess, and manage regulatory risks associated with existing and new products.
• Ensure the company fully complies with all CFTC regulations and all other applicable laws and regulations across all operations and activities.
4. Market Oversight:
• Oversee the electronic surveillance system to monitor trading activity and detect potential rule violations.
• Conduct investigations into any flagged or suspicious activity, ensuring adherence to exchange and CFTC rules, and take enforcement actions as necessary.
5. Team Leadership and Collaboration:
• Lead and mentor a team of compliance professionals, fostering a high-performing and collaborative work environment.
• Partner with cross-functional teams, including product development, legal, operations, and technology, to ensure compliance is integrated across all business areas.
6. Stakeholder Communication:
• Provide regular updates to executive leadership and the board on compliance activities, risks, and strategies.
• Represent the company in industry forums and regulatory discussions.

Qualifications:

• Bachelor’s degree in Law, Finance, Business, or a related field; advanced degree preferred.
• At least 7–10 years of experience in regulatory compliance, ideally in the derivatives or financial services industry.
• Deep understanding of CFTC regulations and derivatives market structure. Experience with event contracts or prediction markets is a plus.
• Proven leadership experience with the ability to manage teams and collaborate with diverse stakeholders.
• Strong analytical and problem-solving skills, with attention to detail and a proactive approach to compliance challenges.
• Excellent communication skills, with the ability to clearly articulate complex regulatory concepts to diverse audiences.

What We Offer:

• Competitive salary, annual performance-based bonus and stock grant.
• Retirement plan (401K) with company match
• Excellent health benefits, including medical, dental, and vision.
• Paid time off and a generous parental leave policy
• Flexible remote work in eligible states.
• A collaborative, growth-focused environment with mentorship and professional development opportunities.
• A dynamic, collaborative team environment with significant opportunities to shape the compliance and regulatory framework of an innovative exchange.