Head of Compliance

Purpose of Role

As MFFU seeks registration as an Introducing Broker (IB) and builds its own proprietary trading platform, the Head of Compliance will be responsible for ensuring that these initiatives meet all applicable legal and regulatory requirements. This includes navigating NFA registration processes, platform governance, and proactively embedding compliance into product development and customer onboarding processes.

Reporting to the Chief Operating Officer, the Head of Compliance will design, implement, and manage a comprehensive compliance management system that ensures adherence to applicable laws, rules, and industry standards. This leader will partner with executive management, product, trading operations, and risk teams to embed compliance into daily processes, enabling innovation while maintaining regulatory excellence.

This is a pivotal leadership role, responsible for developing compliance frameworks that support MFFU's growth, maintain regulatory integrity, and protect traders, partners, and the firm.

Key Responsibilities

Compliance Leadership

• Lead the design and ongoing management of MFFU's enterprise compliance program, including policies, monitoring, and reporting systems.
• Build and oversee a team responsible for operational compliance, AML/KYC, licensing, and risk governance.
• Ensure compliance with CFTC, NFA, and CME Group regulations and applicable futures and derivatives laws.
• Ensure compliance with know-your-customer (KYC), account supervision, risk disclosure, and segregation requirements applicable to IBs.
• Serve as the firm's primary liaison with regulators, external auditors, and legal advisors.

Regulatory & Licensing Oversight

• Manage the firm's registration and licensing obligations as an Introducing Broker, including NFA filings, annual renewals, and disclosures.
• Develop IB operational controls in coordination with partnered FCMs, including account reconciliation, customer complaint handling, and dispute resolution processes.
• Oversee partner relationships with FCMs, vendors, and service providers to ensure contractual and regulatory compliance.
• Maintain required reporting and recordkeeping frameworks, ensuring readiness for regulatory examinations.

Compliance Program Development

• Develop, implement, and maintain policies related to trade surveillance, data protection, risk management, and conflicts of interest.
• Establish robust AML/KYC procedures aligned with futures and brokerage operations.
• Collaborate with product and technology teams to embed "compliance by design" into platforms and workflows.
• Lead regular compliance training across all departments and promote a culture of integrity, accountability, and transparency.
• Serve as the compliance stakeholder in the development of MFFU's proprietary trading platform, ensuring integration of:
• • Trade surveillance systems
  • Customer data protection and retention protocols
  • Regulatory reporting (e.g., NFA/CFTC)
• Risk management controls, including pre-trade risk checks and margin controls
• Partner with engineering, UX, and product teams to implement compliance-by-design architecture and user flows for onboarding, trading, and account management.
• Develop compliance protocols for algorithmic and automated trading strategies, including flagging suspicious or manipulative trading behavior.
• Oversee cybersecurity compliance in accordance with NFA/CFTC guidance and future SEC/CISA expectations as platform matures.
• Develop and maintain a compliance risk register for new products or platform features, including emerging risks like digital assets, API access, and automated trading.

Monitoring & Governance

• Review and interpret regulatory changes, ensuring timely communication and adaptation within the firm.
• Conduct internal audits and testing to identify, assess, and remediate compliance risks.
• Report key compliance risks and trends to the COO, CEO, and Board of Directors.
• Oversee investigation and remediation of compliance issues, ensuring documentation and corrective action.

Qualifications

• Bachelor's degree in Finance, Economics, Law, or related field required; advanced degree (JD, MBA, or LLM) preferred.
• 10+ years of experience in compliance, risk, or regulatory roles within a futures, brokerage, or fintech organization.
• Deep knowledge of CFTC, NFA, and CME Group rules, futures industry regulations, and Introducing Broker operations.
• Proven success in building or scaling compliance frameworks within a regulated or transitioning financial entity.
• Strong understanding of AML/KYC requirements, trade surveillance systems, and data governance.
• Experience collaborating with regulators, auditors, and executive teams in complex, fast-paced environments.
• Series 3 and/or Series 30 licenses (or ability to obtain within 120 days).

Preferred Experience

• Prior experience registering or operating an Introducing Broker, CTA, or FCM entity.
• Exposure to algorithmic trading or electronic market infrastructure.
• CAMS, CRCM, or FRM certification is a plus.
• Direct involvement in building or managing compliance for a proprietary trading or brokerage platform
• Understanding of market data feeds, exchange integration, and pre/post-trade analytics
• Familiarity with trading technology stacks such as FIX, WebSocket, or REST APIs
• Experience with compliance tools such as Actimize, NICE, Refinitiv, or similar surveillance systems