Power Compliance Officer

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world.  We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.  

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.  

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.  DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.   

As the Power Compliance Officer, you’ll lead the oversight of all power trading including, US and Canadian Regional Transmission Organizations or Independent System Operators (collectively, “RTOs”), EU Power and corresponding listed derivatives compliance encompassing the surveillance, monitoring, development and enforcement of compliance policies and procedures, and providing compliance education and advice to internal trading businesses.  

What you will do in this role:  

• Assist in the development, implementation and monitoring of compliance policies, procedures and internal controls that comply with all relevant standards of market conduct  
• Assist with monitoring of trade execution; provide compliance oversight of the trade execution function 
• Address day-to-day compliance-related questions regarding trades, trading strategies, the application of technology to trading methodologies, pricing and valuation, and back-office operations
• Monitor and report on the effectiveness of policies and procedures of department; recommend and implement enhancements and changes as needed
• Conduct surveillance reviews and trade desk audits 
• Liaise with designated contact markets and regulatory agencies 
• Manage regulatory reporting requirements and special compliance projects such as due diligence reviews or new product initiatives
• Track relevant regulatory and trading developments and provide impact assessments
• Assist in the ongoing enhancement and implementation of compliance training programs 

 What is needed for this role:  

• 10+ years of power markets compliance experience required 
• Must have strong knowledge of financial transmission rights, virtual transactions and physical power
• Working knowledge of CFTC, FERC and ISO tariffs, statutes, rules, and orders is required
• Understanding of EU and UK REMIT reporting requirements desirable
• Experience at an RTO, regulator or trading firm preferred 
• Ability to effectively communicate at all levels within the organization
• Must have strong business acumen and the analytical and problem-solving skills necessary to identify trends and root issues, and to recommend solutions that support the company’s business objectives
• Must have strong organizational and presentation skills and a professional demeanor
• Must have excellent written and verbal communication skills 
• Bachelor’s degree required 

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