Compliance Officer

Summary 

The Compliance Officer will work with the Chief Compliance Officer to establish all compliance functions  for a new introducing broker (“IB”) becoming registered with the Commodity Futures Trading Commission  (“CFTC”). This position requires in-depth knowledge of CFTC regulations and guidance, National Futures  Association bylaws, regulations and guidance, applicable futures exchange rules and market regulatory  advisory notices, and general futures industry knowledge including sales, trading, use of promotional  materials, customer onboarding requirements, and custom and usage in the industry. This position will  initially be involved in foundational work including but not limited to development and implementation of  policies, procedures and systems (including tracking and logs), periodic internal testing, reviews and audits of various Firm functions for compliance; will assign, track, and in some cases conduct initial and periodic  compliance training on a number of topics including but not limited to futures ethics, customer  communications, record retention, promotional materials, futures AML and other topics as required by the  Firm’s policies and applicable laws and regulations; will monitor for changes in laws and regulations for  applicability to the firm and prepare/circulate summaries and amend policies/procedures or work with  stakeholders on such amendments as required in response to those changes; perform trade and  communications surveillance/monitoring functions; serve as compliance escalation contact for other  stakeholders, review of automated surveillance escalations, and advise on corrective action as part of any  remediation; coordinate responses to direct and indirect legal and regulatory inquiries and investigations,  and provide other general support the Firm’s compliance program..  

Reporting to the Chief Compliance Officer and sitting within the Compliance Department, this role provides  leadership on regulatory compliance, regulatory risk mitigation, and internal controls, focused on  compliance with applicable CFTC, NFA, and exchange bylaws, regulations, and guidance. This position  will collaborate closely with the compliance officer of Topstep’s unregulated affiliate to implement  continuity and compliance across all verticals. The ideal candidate brings strong regulatory acumen,  experience in NFA and CFTC regulatory regimes, trading compliance, and a practical approach to  translating complex legal and regulatory obligations into effective business practices. 

Key Responsibilities 

• Actively contribute to the development, implementation, and monitoring of Topstep’s compliance  program for its futures introducing broker business activities. 
• Monitor and support compliance with NFA and CFTC rules and regulations, including staying up  to date with changes and advising on their operational impacts. 
• Monitor compliance related to introduced accounts including NFA customer KYC, record  retention, risk and other initial and periodic disclosures in alignment with applicable rules and  industry best practices. 
• Conduct internal audits, compliance reviews, and testing to evaluate the firm’s adherence to internal  controls and external requirements, including issues such as employee trading and conflicts of  interest. 
• Monitor regulatory developments relevant to futures introducing brokers, NFA members generally,  advertising, data privacy, and derivatives markets. 
• Partner with Legal, Marketing, and Operations to ensure compliance with NFA and CFTC rules  regarding advertising, marketing and promotional materials, disclosure, privacy policies, and  customer communications. 
• Participate in investigation of potential compliance issues and escalate suspicious activity internally  and to third-party partners (e.g., financial partners) as necessary; coordinate response strategies  with relevant teams. 
• Review and approve marketing materials, customer communications, and promotional content to  ensure compliance with NFA Rule 2-29 (and guidance), advertising, and disclosure requirements. 
• Support responses to regulatory inquiries, audits, and examinations by NFA, CFTC, or other  regulators, in collaboration with the Chief Compliance Officer, Chief Legal Officer, and other  senior management as necessary. 
• Develop and deliver compliance training programs to employees covering NFA and CFTC  compliance (i.e. trading conflicts, customer communications, promotional material, record  retention, recent enforcement actions instructive to the Firm’s business as an introducing broker,  data privacy, ethics, and other relevant topics). 
• Maintain accurate compliance documentation and reporting in accordance with regulatory and  internal recordkeeping requirements. 
• Collaborate cross-functionally to assess new products, features, and initiatives for compliance risks  and regulatory implications. 

Required Qualifications and Key Competencies 

• Bachelor’s degree in business, finance, accounting, or a related field. 
• 5–7 years of compliance experience with a futures commission merchant or introducing broker. 
• Prior experience with internal and external audits and reviews (regulatory, exchange or clearing  house) preferred. 
• Strong knowledge of NFA and CFTC regulatory frameworks, including futures, options, and  derivatives compliance obligations. 
•  Familiarity with futures trading, automated order routing platforms, or online financial services  operations. 
• Experience managing and leading a team of compliance professionals.  
• Experience implementing and maintaining compliance programs, policies, and internal controls. Excellent analytical and investigative skills. 
• Juris Doctor degree is a plus. 
• Outstanding written and verbal communication skills with the ability to convey complex  compliance matters clearly. 
• Ability to manage multiple priorities and deadlines in a fast-paced environment. Proficiency in compliance monitoring tools, and Microsoft 365 suite. 
• Knowledge of AML/KYC requirements, BSA/USA PATRIOT Act, and OFAC regulations; CAMS  certification is a plus but is not a substitute for strong knowledge of NFA and CFTC regulatory  frameworks. 

Company Culture & Perks

• Topstep is an engaging working environment which ranges from fully remote to hybrid. We foster a culture of collaboration with cameras-on during meetings and a robust Slack environment for communication. 
• Nine (9) Company-paid Holidays and generous Family Leave. Paid time off is accrued monthly.
• Competitive 401(k) matching, health, dental, and vision insurance is offered for full time employees 
• Vacations are encouraged with a bonus for taking 5 consecutive days. Employee referrals are bonused. Topstep offers a food and groceries budget and contributes towards health and wellness.

New Hire Base Salary Range

• $110,000-$140,000
• Bonus: This position is eligible for a performance-based bonus as provided by the plan terms and governing documents.
• The compensation offered will take into account internal equity and may vary depending on the candidate's geographic region, job-related knowledge, skills, and experience among other factors.

Eligibility & Location Restrictions:
We are currently unable to hire candidates residing in the following states: California and Montana. If you are located in one of these states, we encourage you to check back in the future for opportunities as our hiring policies may change.

Equal Opportunity Employer

Topstep is an Equal Opportunity Employer. We are committed to fostering an inclusive environment where all employees and applicants are valued. All qualified candidates will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, or veteran status, in compliance with applicable federal, state, and local laws.

Interested in the role? Apply today with your resume and cover letter!