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Trading Compliance Analyst

Location Inver Grove Heights, Minnesota Date posted 08/30/2022

CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States that provides grain, food and energy resources to businesses and consumers around the world.  We serve agriculture customers and consumers across the United States and around the world.  Most of our 10,000 employees are in the United States, but today we have employees in 19 countries. At CHS, we are creating connections to empower agriculture.

Summary

CHS has an exciting opportunity in the Compliance & Integrity office of our Legal and Compliance organization, supporting CHS Hedging a wholly owned subsidiary and registered Futures Commission Merchant (FCM). We are looking for a self–motivated candidate with a deep understanding and knowledge of derivatives compliance in agricultural and/or energy markets, including futures, options and swaps. You must possess strong analytical skills and communications skills and understand how the regulatory environment impacts business operations. The Trading Compliance Analyst will be primarily responsible for: (1) helping empower CHS Hedging to compete with integrity and confidence in the highly complex and regulated global marketplace CHS Hedging encounters each day through daily operational and tactical support; and (2) monitoring business activity and preparing reports as required by relevant regulatory authorities and CHS Hedging leadership. The Trading Compliance Analyst will interact regularly with CHS Hedging business personnel and escalate any issues to the Chief Compliance Officer (CCO) and/or Senior Director Trading Compliance and New Product Risk. This position must have, or develop, an understanding of international regulatory and compliance requirements. As business needs and compliance objectives change over time, the responsibilities of this position will evolve in order to meet the changing requirements and responsibilities of the Compliance & Integrity organization.

Responsibilities

Analyze/Monitor/Report:

  • Obtain and validate information from business for regulatory reporting purposes. Gather, analyze and prepare responses to regulators and exchanges.
  • Gather, analyze and respond to requests for information from CHS Hedging and/or Compliance leadership.
  • Monitor daily regulatory requirements and work with business to maintain compliance in all relevant areas.
  • Maintain schedule of regulatory surveillance including trading, communications, and Anti-Money Laundering.
  • Take a lead role monitoring surveillance system(s) for trading, communications and AML activity. Including responding to alerts, case management, trade reconciliation, investigation and escalation as needed.
  • Maintain a schedule of regulatory reporting and compliance requirements, including effective dates of pending regulations.

Daily Operation Support:

  • Serve as primary point of contact for CHS Hedging.
  • Assist with all trade compliance related questions from CHS Hedging and escalate to CCO when needed.
  • Partner with business to address issues and assist in the roll out of new business products and/or initiatives.
  • Help identify, develop and drive solutions/strategies to issues faced by the businesses and the necessary controls around any change.
  • Assist CCO in reviewing and revising marketing materials, presentations and other solicitations’ compliance with NFA 2-29.
  • Maintain relevant compliance policies and procedures on CHS Hedging Sharepoint site for CHS Hedging, ensuring all document versions are current.
  • Review errors on a daily basis to ensure proper execution and documentation / audit trail. Escalate any concerns to CCO as needed.
  • Review new account documentation to ensure all information required to be obtained has been completed as well as provide an overall compliance review and signoff.

Administration of NFA registration, Training. and Communication:

  • Facilitate onboarding of new employees and Associated Persons (APs) including Series 3 preparation, NFA registration and training. ensuring all relevant personnel receive adequate training on rules and regulations, as well as policies that support compliance to the rules.
  • Assist in the ongoing maintenance of compliance policies and procedures.
  • Analyst will also assist in leading the Trading Compliance Program communications, including annual training and email alerts.
  • Maintain up to date listing of all employees and APs, including registration status, location and training received. Facilitate on-boarding and off-boarding of personnel as it relates to registration and systems access.
  • Review and maintain branch audit and branch audit schedule and other Branch supervisory functions.

Research and Program Management/Enhancement:

  • Maintain professional and technical knowledge by attending educational workshops, reviewing professional and/or regulatory publications, establishing personal networks, benchmarking state-of-the-art practices and participating in professional societies.

Strategic Projects:

  • Participate on strategic projects that are focused on enhancing Trading Compliance Programs and/or CHS Hedging strategic projects to support business growth.

Follow all company safety policies, procedures and regulations:

  • Identify and communicate workplace hazards. Correct or seek assistance in correcting unsafe actions or conditions in the workplace.

Minimum Qualifications (required)

  • Bachelor’s Degree in finance, accounting, economics or business or related areas of study.
  • Series 3 license, or ability to obtain within 4 months of employment
  • Excellent research and analytical skills.
  • Excellent writing and verbal communications skills.
  • Strong interpersonal skills with the ability to work collaboratively with people at all levels of the organization.
  • Adaptable to change and able to prioritize multiple demands under pressure.
  • Ability to assess and understand complex situations presented by the business and provide appropriate compliance solutions.
  • Demonstrated experience and proficiency with interpreting and communicating complex regulatory requirements to business partners.
  • Able to work effectively and meet goals both as part of a team and independently.
  • 4+ years of experience in commodity risk management in one or more of the areas:
    • Commodity trading
    • Commodity execution
    • Commodity risk management
    • Trading compliance
    • Trading surveillance utilizing a technology solution

Additional Qualifications

  • 5+ years of experience in commodity risk management in one or more of the areas:
    • Commodity trading
    • Commodity execution
    • Commodity risk management
    • Trading compliance
    • Trading, communications or AML system surveillance monitoring 
  • 1+ years of experience in one or more of the following:
    • Program administration
    • Training and communications
    • Policy development
  • Advanced understanding of commodity trading
  • System implementation experience
  • Proficiency in Excel, including VLOOKUP, Pivot tables, Index and Match functions
  • Data analytics experience
  • Knowledge of compliance laws, rules and regulations, such as CFTC, NFA, CME, etc., as well as of emerging regulations related to commodity trading activities.
  • Significant successful experience working with complex financial information systems and controls in a large, complex business that provides consistent and reliable information.
  • ACAMS, CPA, MBA or JD would be a plus, but not required.
  • CCEP or other compliance/ethics certification would be a plus, but not required.
  • Understanding of international regulatory and compliance requirements (including EMIR, REMIT, MiFID) preferred, but not required.

CHS offers a competitive total compensation package. Benefits include Health, Dental, Vision, Hearing, Life Insurance, Health and Day Care Savings Accounts, Paid Vacation, 401K, Company Funded Pension, Profit Sharing, Long and Short Term Disability, Tuition reimbursement, and Adoption assistance.

CHS is an Equal Opportunity Employer.

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