Market Surveillance Analyst

Chicago Mercantile Exchange Inc. (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. As a marketplace for global risk management, our exchange brings together buyers and sellers of derivatives products, which trade on our trading floors, on our GLOBEX electronic trading platform and through privately negotiated transactions. Futures and options provide a way to protect against — and profit from — price changes in financial instruments and physical commodities. In addition, we own our own clearing house and are able to guarantee, clear and settle every contract traded through our exchange. Founded as a not-for-profit corporation in 1898, we became the first publicly traded U.S. financial exchange in December 2002 when the Class A shares of our parent company, Chicago Mercantile Exchange Holdings Inc., began trading on the New York Stock Exchange under the ticker symbol CME. CME has four major product areas: interest rates, stock indexes, foreign exchange and commodities. In 2002, a record 558.4 million contracts with an underlying value of $328.6 trillion changed hands at CME, representing the largest notional value traded on any futures exchange in the world. In addition, we move about $1.8 billion per day in settlement payments and manage $27.4 billion in collateral deposits.Department: Legal/Market RegulationSchedule: M-FJob Description:
Market Surveillance Analysts monitor the activity and positions of large traders in CME markets in order to insure that CME rules relating to position accumulation, maintenance and liquidation are observed. Analysts are assigned to a group of related markets where they are responsible for the daily monitoring of open positions with the primary objectives of detecting unusual position concentrations or speculative position limit violations. Analysts also facilitate the exemption process wherein qualified applicants are granted relief from speculative position limits and monitor the expiration activity in their assigned markets. In addition, analysts monitor position adjustments, exchange for physical transactions and transfers for compliance with CME rules. Successful candidates will have the ability to establish industry contracts with cash and derivative market users in order to develop their expertise in the fundamentals underlying their assigned markets.We know that our employees play a key role in the success of our company. They take pride in their work and are committed to a job well done. We, in turn, are committed to our employees and compensate their dedication with competitive pay and benefits package. Some of our benefits include: Medical and Dental Plans Retirement Plans Tuition Assistance Program Life and AD&D Plans Income Assistance Program
REQUIREMENTS
Candidate should have a minimum of 2 years experience in futures/options with a solid understanding of economic market fundamentals. Experience in a regulatory capacity is desirable although a background in commodity firm or exchange operations may qualify. Experience with and understanding of futures options is preferred. A Bachelor’s degree of significant college level coursework is Finance and/or Economics is a plus, as is familiarity with all aspects of the Microsoft Office application.