Senior Director, Regulatory & Compliance

Forbes Technical Consulting; Chicago (IL); Hybrid; USD 190,000 - 225,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) with employer match

Paid time off

Job summary

Forbes Technical Consulting in Chicago, IL, seeks a Senior Director, Regulatory & Compliance to lead the Market Regulation function within a growing Exchange. This senior role reports to the CCRO and partners with regulatory authorities to ensure robust compliance and market integrity.

The position is full‑time with hybrid work (onsite Tue–Thu) and requires CFTC/NFA experience, a strong compliance program background, and a track record of working with regulators.

Qualifications

• 10+ years in regulatory compliance leadership.
• Experience in DCM/DCO or CFTC-regulated org.
• Direct CFTC/NFA experience preferred.
• Knowledge of CEA, CFTC Core Principles, market surveillance.
• Experience overseeing AML/KYC programs.
• Strong written and verbal communication.
• Bachelor’s degree required.

Responsibilities

• Develop and monitor the Exchange's compliance program.
• Liaise with CFTC and regulatory authorities.
• Oversee audits, examinations, inquiries, and reporting.
• Lead training on compliance awareness.
• Drive automation across monitoring and reporting.
• Collaborate with Legal, Finance, Ops, Tech.
• Support market regulation and investigations.

Skills

Leadership

Regulatory knowledge

CFTC/NFA exposure

Market regulation

Audit coordination

Education

Bachelor's degree

Tools

Regulatory reporting tools

Surveillance technology

Job description

Senior Director, Regulatory & Compliance

Location: Chicago, IL

Schedule: Hybrid - Onsite Tuesday through Thursday

Employment Type: Full-Time / Direct Hire

Base Salary: $190,000-$225,000 + Discretionary Bonus

Industry: Financial Markets / Exchange / Regulatory Compliance

Position Overview

We are seeking a Senior Director, Regulatory & Compliance to join the Market Regulation team of a growing financial Exchange. Internally, this position will serve as the Senior Director, Deputy Chief Compliance and Regulatory Officer, partnering closely with the Chief Compliance and Regulatory Officer (CCRO) to lead and evolve the organization's regulatory and compliance function.

This is a senior leadership role responsible for supporting the Exchange's compliance program, regulatory relationships, market integrity initiatives, trade surveillance, investigations, and adherence to CFTC requirements.

As the Exchange continues to introduce new products and scale its offerings, this individual will have the opportunity to help shape and mature the regulatory framework of a growing organization. The ideal candidate brings significant experience within a CFTC-regulated environment and has either helped lead the compliance program of a CFTC registrant or worked extensively with the CFTC and/or NFA.

Key Responsibilities

• Partner with the CCRO to develop, implement, and monitor the Exchange's overall compliance and regulatory program.
• Ensure ongoing adherence to CFTC Core Principles, the Commodity Exchange Act (CEA), and applicable regulatory requirements.
• Serve as a primary liaison with the Commodity Futures Trading Commission (CFTC).
• Manage and coordinate regulatory audits, examinations, inquiries, self-certifications, filings, and reporting.
• Support the Exchange's market regulation function, including market advisories, investigations, trade surveillance, market integrity, and disciplinary matters.
• Help oversee the continued development and enforcement of compliance policies, procedures, and internal controls.
• Maintain strong standards across risk management, surveillance, KYC/AML, customer protection, financial integrity, and information security.
• Provide oversight and guidance around trade surveillance and market integrity programs.
• Drive automation and systems integration across compliance monitoring, regulatory reporting, trade surveillance, and clearinghouse risk monitoring.
• Monitor regulatory developments and assess their potential impact on the Exchange and its products.
• Prepare and deliver executive-level reporting regarding regulatory developments, compliance posture, material risks, and remediation activities.
• Collaborate closely with Legal, Finance, Operations, Technology, Risk, and other internal stakeholders to maintain integrated compliance practices.
• Partner with external counsel and regulatory stakeholders as necessary.
• Develop and lead training initiatives that promote strong compliance awareness and accountability across the organization.
• Assist the CCRO in continuing to build a scalable, best-in-class compliance function as the Exchange grows.

Required Qualifications

• 10+ years of progressive experience in regulatory compliance, market regulation, or related leadership roles.
• Significant experience within a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), CFTC-regulated organization, or relevant regulatory agency.
• Direct CFTC and/or NFA experience strongly preferred.
• Deep working knowledge of the Commodity Exchange Act, CFTC Core Principles, market surveillance, and financial integrity requirements.
• Demonstrated experience overseeing or supporting market integrity and regulatory compliance programs.
• Hands-on experience managing regulatory audits, examinations, and inquiries.
• Experience developing or overseeing AML/KYC programs and surveillance frameworks.
• Ability to interpret regulatory requirements and translate them into practical policies, controls, and operational processes.
• Experience interacting directly with regulators, external counsel, and executive leadership.
• Strong executive presence with excellent written and verbal communication skills.
• Ability to operate effectively in a growing environment where regulatory infrastructure and processes continue to evolve.
• Bachelor's degree required.

Preferred Qualifications

• Previous compliance leadership experience within a DCM or DCO.
• Experience helping build, scale, or mature the compliance function of a CFTC registrant.
• Experience with regulatory reporting and trade surveillance technology, automation, and systems integration.
• JD or advanced legal/regulatory education.
• Relevant regulatory or compliance certifications.
• Interest in innovative financial market structures and emerging Exchange products.

The anticipated base salary range for this position is $190,000-$225,000, based on experience and qualifications, plus eligibility for a discretionary bonus.

The organization offers a comprehensive benefits package that includes:

• Medical, dental, and vision insurance
• 401(k) with employer match
• Paid time off
• Additional employee benefits and wellbeing programs

Work Authorization & Location

This is a full-time hybrid position based in Chicago, with onsite attendance required Tuesday through Thursday.

Candidates must be authorized to work in the United States on a permanent, indefinite basis. Visa sponsorship is not available now or in the future.

Why This Opportunity?

This is an opportunity to step into a highly visible leadership role at a growing Exchange and work directly alongside the CCRO as the organization expands its products and regulatory infrastructure. The Senior Director will have meaningful influence over how the compliance and market regulation function evolves, while working at the intersection of market integrity, regulatory strategy, technology, and innovative financial-market structure.