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Regulatory Options Surveillance Analyst

ErisX

ErisX

IT, Legal
Chicago, IL, USA
Posted on Saturday, November 4, 2023

Job Description

Position Summary: The role will include real-time and pattern-based surveillance of the Cboe option markets to detect possible violations of Cboe and SEC rules and policies.

Duties and Responsibilities:

Performs a combination of the following duties according to Department and Division guidelines:

  • Conduct real-time surveillance and analysis of option securities traded on the
    Cboe Exchanges to detect possible violations of Cboe and SEC rules and policies.
  • Conduct real-time monitoring of Cboe trading systems to ensure compliance with Cboe rules.
  • Collaborate with various Cboe teams to further enhance the Regulatory Program.
  • Assist in responding to inquiries from the SEC and other regulatory bodies.
  • Assist in the maintenance of internal policies and procedures related to the Cboe Surveillance Program.
  • Stay apprised of industry concepts and events while contributing to the creation of surveillance concepts that address potential regulatory concerns.
  • Build and maintain an understanding of the Exchanges’ regulatory environment, relevant rules and regulations, technologies and systems, processes and operational methodologies, investigative and examination techniques.

Work Experience:

Market experience through positions with banks, exchanges, asset managers, broker-dealers, hedge funds, mutual funds, or similar institutions and related experience in a regulatory compliance, surveillance, or investigative role is a plus.

Knowledge, Skills and Abilities:

  • Knowledge of general securities industry, derivatives markets industry, and/or Cboe, C2, BZX, or EDGX rules and regulations.
  • Knowledge of the following preferred: exchange regulatory and rules requirements as well as regulatory nuances; exchange data structures and regulatory design, including some systems elements.
  • Must be proficient in Excel and/or other applications that are utilized to analyze data and trends.
  • Must have strong analytical and research skills.
  • Experience with SMARTS Trade System Surveillance Software is a plus.

Ability to:

  • Organize and prioritize tasks and work assignments; complete multiple tasks simultaneously with accuracy and quality; adjust to changes in priorities and situations; complete work under pressure; meet deadlines.
  • Interact in a professional manner with internal and external contacts; communicate clearly with all levels of management and staff; use tact and diplomacy; maintain confidentiality; and appropriately handle and communicate controversial or sensitive information.
  • Be thorough and precise when accomplishing a task; double-check accuracy to consistently provide high-quality work with minimal errors; compare work to what is expected to find and correct inconsistencies; remain aware and take care of details for all aspects of the job involved, even those easy to overlook.
  • Learn new information and concepts quickly and independently; take initiative to seek knowledge needed for the job or assignment.
  • Evaluate, analyze, and summarize data and facts in a manner that clearly documents the review conducted and the decisions made for the particular matter.
  • Work cooperatively in group situations; balance team and individual responsibilities; and exhibit objectivity and openness to others’ views.

Education:

Bachelor’s degree in Finance, Business, Computer Science, or related field.

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Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.