Trade Practice Investigator

CME Chicago Mercantile Exchange Inc.; Chicago (IL); On-site; USD 64,000 - 106,000; Full time

Benefits offered by this job

Exposure to markets

Career development

Impact on markets

Cross-department collaboration

Competitive salary and benefits

Job summary

CME Group in Chicago seeks Entry-Level Investigators to begin their career by undergoing extensive training alongside experienced colleagues to develop high-quality investigative skills with minimal supervision.

Join a team responsible for examining potential trade-practice violations, collecting statements, and producing reasoned reports to support enforcement decisions. Engage across departments and contribute to fair, transparent markets.

Qualifications

• Bachelor's degree required; advanced degrees a plus.
• 1-3 years direct work experience at an exchange, regulatory organization, or Futures Commission Merchant preferred; open to recent graduates with relevant or transferrable skills.
• Experience working with large data sets.
• Strong analytical, quantitative, and critical thinking skills.
• Strong oral and written communication skills.
• Strong organizational, time management, and problem-solving skills.
• Ability to work independently in a fast-paced work environment.
• MS Word and MS Excel; Python, R, and/or Data Visualization a plus.

Responsibilities

• Perform timely program reviews to detect potential trade practice rule violations such as spoofing, washing, acting on non-public order information and/or violating the priority of customer orders, and failing to comply with reporting and/or record-keeping requirements.
• Evaluate complaints from market participants and conduct independent research, both ad hoc and structured, for evidence of potential rule violations.
• Conduct comprehensive investigations (i.e., cases) into the potential trade practice rule violations identified through program, complaint, and research reviews.
• Take recorded statements from the subjects of and witnesses for the investigations.
• Communicate the results of analyses and recommend the appropriate disposition to Investigations management.
• Produce concise, but thoroughly grounded, argumentative reports for a select audience, including Investigations management and Enforcement counsel as appropriate.

Skills

Analytical skills

MS Word

MS Excel

Python

R

Data Visualization

Education

Bachelor's degree

Advanced or professional degree a plus

Tools

Python

R

Data Visualization

Excel

Job description

The Market Regulation Department of CME Group is responsible, in part, for satisfying statutory and regulatory provisions associated with operating designated contract markets. Market Regulation Trade Practice Investigators preserve the welfare and dignity of the CME Group exchange by safeguarding its markets from abuse. To ensure compliance with CME Group exchange rules, the investigations team uses proprietary trade practice surveillance tools and other resources at its disposal to monitor CME Group markets for evidence of abusive, disruptive, or illegal activity; to detect and prevent manipulative behaviors; and to conduct trade practice investigations. Entry‑Level Investigators begin their careers by undergoing extensive training and working closely with their more experienced colleagues to develop the skills necessary to conduct high‑quality investigations with minimal supervision.

What You Get

• Exposure to a superior array of products and a best‑in‑class regulatory department.
• A corporate culture that promotes professional development and career advancement.
• The ability to impact the markets directly by keeping them open, fair, and transparent.
• The opportunity to collaborate within functional areas and across departments.
• Competitive salary and comprehensive benefits package.

What You Do

• Perform timely program reviews to detect potential trade practice rule violations such as spoofing, washing, acting on non‑public order information and/or violating the priority of customer orders, and failing to comply with reporting and/or record‑keeping requirements.
• Evaluate complaints from market participants and conduct independent research, both ad hoc and structured, for evidence of potential rule violations.
• Conduct comprehensive investigations (i.e., cases) into the potential trade practice rule violations identified through program, complaint, and research reviews.
• Take recorded statements from the subjects of and witnesses for the investigations.
• Communicate the results of analyses and recommend the appropriate disposition to Investigations management.
• Produce concise, but thoroughly grounded, argumentative reports for a select audience, including Investigations management and Enforcement counsel as appropriate.

What You Need

• A bachelor’s degree from a four‑year, accredited institution; advanced or professional degrees a plus.
• One - three years direct work experience at an exchange, regulatory organization, or Futures Commission Merchant preferred; open to recent, high‑performing college graduates with relevant or transferrable skills and experiences.
• Experience working with large data sets.
• Strong to exceptional analytical, quantitative, and critical thinking skills.
• Strong oral and written communication skills.
• Strong organizational, time management, and problem‑solving skills.
• Ability to work independently in a fast‑paced work environment.
• Intermediate to Advanced MS Word and MS Excel; Python, R, and/or Data Visualization a plus.

Compensation and Benefits

• Pay range for this role is $63,500-$105,800.
• Actual salary offered will be dependent on a wide array of factors including but not limited to relevant experience, skills, education and comparison to internal employees (where relevant).
• Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad‑based equity program.
• From comprehensive health coverage.
• To a retirement package that includes both a 401(k) and an active pension plan.
• To highly competitive education reimbursement provisions.
• Paid time off.
• Mental health benefit.
• CME Group offers a holistic benefits package for our team and their dependents.

About CME Group

The Market Regulation Department takes enormous pride in fostering robust, reliable markets that are free from abusive activity. Being part of our team provides every Trade Practice Investigator an opportunity to do meaningful, fulfilling, and collaborative work preserving the integrity of CME Group markets. CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long‑term investment in their future. CME Group: Where Futures are Made. CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more. At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued.

Equal Opportunity & Diversity

As an equal‑opportunity employer, we consider all potential employees without regard to any protected characteristic.

Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.

Additionally, CME Group does not communicate with job applicants over Telegram. Learn more here.

For U.S. employment, CME Group is legally required to validate a new hire's employment eligibility by having them complete an Employment Eligibility Verification (Form I-9) companied with legally acceptable proof of identity and work authorization (as listed on the Form I-9). CME Group uses E-Verify, which is an online system operated by the U.S. Department of Homeland Security in partnership with the Social Security Administration to verify employment eligibility and validate social security numbers. Through participation in the E-Verify program, information entered on Form I-9 will be provided and compared to information available at both of these agencies. See posters below for more details. E-Verify Notice E-Verify Notice Español U.S. Right to Work Notice U.S. Right to Work Notice Español