Sr. Investigator

Required Skills & Experience

Education:

• Bachelor's degree or equivalent required.
• Degrees in Finance, Law, Accounting, Economics, Business, or related fields preferred.

Experience:

• 3-5+ years of experience in the derivatives industry, regulatory environment, compliance, or a related legal/investigative field.
• Demonstrated experience conducting surveillance reviews or managing investigations independently, including complex and non-routine matters.
• Experience working with a Self-Regulatory Organization (SRO), CFTC, NFA, SEC, FINRA, or similar regulatory body is strongly preferred.

Knowledge & Skills:

• Strong knowledge of U.S. derivatives markets, market structure, and trading operations, including exchange rules and applicable CFTC regulations.
• Ability to analyze large trading datasets to identify patterns, anomalies, and potential rule violations.
• Experience with data-querying tools and/or trade surveillance platforms.
• Exceptional written communication skills with the ability to prepare clear, organized investigative reports with minimal supervision.
• Strong verbal communication and presentation skills with the ability to communicate findings to leadership, enforcement teams, and external regulatory stakeholders.
• Strong analytical judgment and ability to evaluate evidence, apply regulatory precedent, and recommend appropriate outcomes.
• Excellent organizational skills and attention to detail while managing multiple investigations and surveillance reviews simultaneously.
• Self-motivated and capable of working independently across all levels of an organization.
• Advanced proficiency with Microsoft Office, particularly Excel.

Nice to Have Skills & Experience

·Experience with large-scale investigative data environments such as SIGMA, Snowflake, or Big Data SQL platforms preferred. Experience with SQL, Python, VBA, or Access for workflow automation is a plus. Experience with SMARTS Trade Surveillance software is a plus.

Job Description

Our client Cboe, is actively seeking a highly motivated and experienced professional to join their Futures and SEF Regulatory team. The Senior Investigator will conduct both pattern-based surveillance reviews and investigations to assist in determining potential violations of exchange rules, along with other applicable rules and regulations governing exchange members and market participants.

This individual will apply advanced regulatory and investigative expertise to solve complex, non-routine matters, independently lead specialized investigations from inception through resolution, and produce analysis and recommendations relied upon by leadership and stakeholders. The Senior Investigator will serve as a key resource to the team, bringing both technical expertise and professional acumen to mentor junior colleagues and represent the Regulatory Division in cross-functional settings.

Responsibilities:

-Conduct surveillance and analysis of order entry and trading activity on the exchanges to detect potential violations of exchange rules and policies, utilizing surveillance systems along with SQL or advanced Excel (Power Query, pivot tables, complex formulas).

-Contribute to new surveillance processes and operational methodologies, including data pipelines, query logic, and tuning of alert thresholds to address evolving regulatory concerns. -Conduct rule-based investigations to ensure compliance with exchange rules and prepare structured memorandums outlining evidence, rationale, and conclusions.

-Independently manage investigations from inception through resolution while maintaining quality standards and deadlines.

-Prepare comprehensive investigative reports detailing findings in a clear, organized, and well-supported manner.

• Serve as a mentor and subject matter expert for junior staff by reviewing work product, sharing investigative techniques, and providing regulatory guidance.

-Collaborate cross-functionally with internal teams to enhance surveillance and investigation processes and improve overall program effectiveness.

-Present investigative findings, supporting evidence, and recommended outcomes to management and enforcement teams.

-Participate in team projects, process improvement efforts, and discussions related to emerging regulatory risks and investigative methodologies.

-Participate in ongoing training, continuing education, and industry development activities to maintain expertise in the regulatory environment.

-Investigate surveillance alerts from initial triage through conclusion, including validation, contextual analysis, timeline reconstruction, and documentation of findings.

-Analyze and compile data into meaningful investigative narratives while maintaining organized case files and working datasets.