At the full performance level, you will serve as a Systems Risk Analyst in the Compliance Branch (Branch) of the Division of Market Oversight (DMO), as senior staff of the Branch's Market Continuity Program (MCP). Using advanced knowledge of information technology (IT) concepts and of standards, guidelines, and best practices regarding system safeguards and security control reviews, you will conduct the CFTC's oversight of compliance by Designated Contract Markets (DCMs), Swap Data Repositories (SDRs), and Swap Execution Facilities (SEFs) with the system safeguards requirements of the Commodity Exchange Act (Act) and CFTC regulations. Additionally you will;
Plan and conduct System Safeguards Examinations (SSEs) and Targeted Maturity Assessments (TMAs) of all DCMs, SDRs, and SEFs, to evaluate the reliability, cyber and physical security, adequate scalable capacity, internal oversight, and testing of their automated trading and data reporting systems, and the compliance of their programs of system safeguards risk analysis and oversight with the requirements of the Act and CFTC regulations.
Serve as one of DMO's senior IT and system safeguards experts for performance of system safeguards oversight that is complex, sensitive, and of high importance to the mission of the CFTC.
Serve as an expert on teams conducting system safeguards examinations (SSEs) of DCMs, SEFs, and SDRs to assess their compliance with the system safeguards requirements of the Act and Commission regulations. SSEs address DCM, SEF, and SDR compliance with core principles requiring the regulatee to: establish and maintain a program of risk oversight to identify and minimize sources of operational risk through development of appropriate controls and procedures and development of automated systems that are reliable, secure, and have adequate scalable capacity; establish and maintain emergency procedures, backup facilities, and a plan for disaster recovery that allow for the timely recovery and resumption of operations and the fulfillment of the duties and obligations of the regulatee; and periodically conduct tests to verify that backup resources are sufficient.
SSEs focus on seven risk oversight program areas, including:
In leading or participating on an SSE or TMA team, the incumbent will:
The incumbent represents the MCP on DMO teams reviewing applications from entities seeking designation as a DCM or registration as an SDR or SEF. The incumbent serves as an expert in technical reviews by MCP staff of the applicant's compliance with system safeguards requirements for entities seeking the designation or registration in question. The incumbent also expertly communicates with applicants during the registration or designation process and participates as a senior-level expert in MCP staff evaluation of applicant sufficiency in light of applicable system safeguards requirements, and drafts system safeguards-related portions of related reports and registration or designation orders. The incumbent may be required to independently conduct such technical reviews, including on-site registered entity and data center visits.
There are a few openings for this position in Washington, DC, Chicago, and New York.
The CFTC Established in 1974, the Commodity Futures Trading Commission (CFTC) regulates the derivatives markets. Derivatives markets are the financial markets for instruments such as futures, swaps, and options contracts, which are derived from other forms of assets. The CFTC aims to foster open, competitive, and financially sound derivatives markets. CFTC Opportunities for Students The ever-evolving financial markets provide an excellent foundation for you to begin an exciting and fulfilling career.
The CFTC has opportunities for students and recent graduates to experience the agency’s scope of work and culture. The Pathways Internship Program provides a dynamic training and mentoring program to jumpstart your career, and it can be a direct pipeline to full-time employment. If you aspire to make a difference and are interested in finance, accounting, information technology, economics, or the legal field, consider joining the CFTC to launch your career.
The CFTC is led by a Chairman and four Commissioners with 12 operating divisions and offices including the Division of Enforcement, the Division of Market Oversight, and the Market Participants Division. These groups work together to ensure that market participants can use the vital derivatives markets with confidence. The CFTC is committed to being the global standard for robust derivatives regulation by ensuring it is responsive to emerging technologies and trends including digital asset commodities and Environmental, Social, and Governance Investing.
At the CFTC, you’ll find an inclusive and welcoming culture, where all employees feel valued, safe, empowered, and respected. Led by the Office of Minority and Women Inclusion, the CFTC embeds diversity and inclusion into its daily operations from attracting great employees to developing purposeful strategies.
The CFTC is located in Chicago, New York, Kansas City, Washington, D.C. (Headquarters)