Group One Trading
  • 04-Jan-2022 to Until Filled (CST)
  • Compliance
  • Chicago, IL, USA
  • Full Time

The Opportunity

Group One is looking for a Compliance Associate to join our team. Reporting to the Chief Compliance Officer, this role will be a hands-on position, and you will support all aspects of the business by both providing interpretive guidance to various departments and surveilling the Firm's daily activity to ensure compliance with all regulatory obligations. You will work collaboratively across functional groups within the Firm to ensure Group One operates within the guidelines set forth by all applicable regulatory agencies.

Who We Are

We are committed to creating a diverse environment and are proud to be an equal opportunity employer. At Group One, we value transparency and collaboration coming from unique perspectives and backgrounds. We strive to create a workplace in which all employees have an opportunity to participate and contribute to the success of the business.

What We Do

Group One is a proprietary trading firm specializing in market making and liquidity providing strategies in options markets. Our traders provide competitive liquidity across a broad range of securities by managing portfolios of several hundred issues and simultaneously streaming quotes across multiple exchanges. Our Compliance team ensures that all activities are done in accordance with applicable regulations.

The Challenge

Group One operates as a regulated entity across multiple asset classes and multiple exchanges within those asset classes. Each of those exchanges have a unique rule book and each of those asset classes have at least one regulatory agency with its own set of rules. The trading landscape is continuously evolving and the Compliance group must constantly be aware of the Firm's activity in order to ensure compliance with each set of rules under which the Firm operates as well as provide guidance when the Firm's activity or the rules are updated. This role will continuously evolve with the Firm and the industry.

The Skill Set

A broad skill set ranging from legal research, particularly pertaining to the different Exchanges and their rules and regulations, to supporting data reviews for potential rule violations will help you be successful in this role, but there will be plenty of learning opportunities no matter how many of these skills you bring in with you. We also encourage applicants with non-traditional backgrounds to apply.

The ideal candidate will possess strong skills in the following areas:

  • Responding to regulatory inquiries
  • Developing and reviewing daily/weekly/monthly/quarterly surveillance of the Firm's activity
  • Daily/monthly/quarterly/yearly reporting to SEC and various self regulatory organizations
  • Licensing/exam scheduling
  • Regulatory research
  • Annual compliance training
  • Drafting policies and procedures
  • Rule interpretation and guidance

General Requirements

  • Excellent interpersonal skills combined with superior written and oral communication skills
  • Highly organized, able to effectively research and problem solve
  • Ability to effectively communicate and collaborate with colleagues across different functional groups and locations

Education and Experience

We invite candidates from varied educational backgrounds including current law school students or recent graduates. We seek a candidate interested in working in the Finance industry and supporting an established derivatives trading firm. The individual in this role will need to pass the Series 7 and Series 24.

Within 1 Month, You'll

  • Complete your initial orientation, become familiar with our environment, and our business
  • Begin a comprehensive, cross-functional training plan to learn more about every aspect of our firm
  • Learn how your role will work and how it fits within the Compliance team
  • Assist the Compliance team in reviewing the Firm's trading activity

Within 3 Months, You'll

  • Understand the role of Compliance within the Firm
  • Monitor and conduct surveillances of the Firm's trading activity
  • Participate directly in compliance projects and initiatives where your experience is most relevant

Within 6 Months, You'll

  • Analyze new and updated laws, rules, interpretative guidance and enforcement actions to determine relevance to the Firm
  • Collaborate with the rest of the Compliance team to develop, draft and implement updated policies and procedures
  • Make recommendations to the Chief Compliance for enhancing the Firm's Compliance program

The Benefits

We provide competitive compensation, including a performance-based bonus and comprehensive benefits including health insurance, group life insurance, long-term disability coverage, and a 401(k) with a company contribution. In addition, we ensure our people have at least three weeks of paid vacation in addition to sick leave and paid holidays.

Group One Trading
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