Job Overview

Summary

Apply now for an exciting opportunity at the Commodity Futures Trading Commission (CFTC). With an expanded mission and authority to include oversight of the swap markets, the CFTC continues to protect the American public by promoting market integrity, transparency and preventing and prosecuting fraud, manipulation and other abuse in the futures and options markets.  Please visit www.cftc.gov to learn more about the CFTC.

This position is located in the Data Operations and Collections Section (DOCS) of the Data Management Branch in the Office of Data and Technology (ODT) of the Commodity Futures Trade Commission.

Duties

Major Duties for the CT-9:

  • Under the general supervision of a Supervisory Position Data Specialist or a higher graded Specialist, the incumbent performs the following: Ensures that FCM's report large trader positions accurately, making certain corrective action is taken. Confirms large trader position data and maintains a good rapport with assigned FCM's.
  • Plans and conducts all phases of audits of FCM's and clearing members. Reviews and analyzes a wide variety of original source documents at FCM's and clearing members, comparing the information therein to that reported to the CFTC.
  • Meets with senior officers of the firms to report tentative findings, clarify the Commission's Regulations and respond to questions pertinent to large trader reporting. In cases of deficiency, informs FCM senior staff of the correction action required for compliance. Prepares detailed written reports of the findings, conclusions and recommendations in connection with the audit, citing in detail the deficiencies and violations.
  • Prepares the Commission's Commitment of Traders (COT) report. Checks for changes in traders commercial status and resolves any larger trader or open interest discrepancies that may cause flawed data on the report. Analyzes several different checks on the large trader data, making corrections where necessary.
  • Analyzes potential violations of Commission and Exchange speculative limits by both commercial and noncommercial traders. Confirms large trader data by contacting the trader and/or Exchange and collects any additional information from the Exchanges, reporting firms, or traders that directly relate to the analysis. At times, consults with an economist to resolve complex commercial classification issues. Prepares written notes when necessary describing unusual situations and the actions taken.

Major Duties for the CT-11:

  • Ensures that FCM's report large trader positions accurately, making certain corrective action is taken. Confirms large trader position data and maintains a good rapport with assigned FCM's.
  • Plans and conducts all phases of audits of FCM's and clearing members. Reviews and analyzes a wide variety of original source documents at FCM's and clearing members, comparing the information therein to that reported to the CFTC.
  • Meets with senior officers of the firms to report tentative findings, clarify the Commission's Regulations and respond to questions pertinent to large trader reporting. In cases of deficiency, informs FCM senior staff of the correction action required for compliance. Prepares detailed written reports of the findings, conclusions and recommendations in connection with the audit, citing in detail the deficiencies and violations.
  • Prepares the Commission's Commitment of Traders (COT) report. Checks for changes in traders commercial status and resolves any larger trader or open interest discrepancies that may cause flawed data on the report. Analyzes several different checks on the large trader data, making corrections where necessary.
  • Analyzes potential violations of Commission and Exchange speculative limits by both commercial and noncommercial traders. Confirms large trader data by contacting the trader and/or Exchange and collects any additional information from the Exchanges, reporting firms, or traders that directly relate to the analysis. At times, consults with an economist to resolve complex commercial classification issues. Prepares written notes when necessary describing unusual situations and the actions taken.

Major Duties for the CT-12:

  • The incumbent serves as a journeyman-level Position Data Specialist (PDS), independently performing a variety of investigative duties as part of the duties: Ensures that FCM's report large trader positions accurately, making certain corrective action is taken. Confirms large trader position data and maintains a good rapport with assigned FCM's.
  • Plans and conducts all phases of audits of FCM's and clearing members. Reviews and analyzes a wide variety of original source documents at FCM's and clearing members, comparing the information therein to that reported to the CFTC.
  • Meets with senior officers of the firms to report tentative findings, clarify the Commission's Regulations and respond to questions pertinent to large trader reporting. In cases of deficiency, informs FCM senior staff of the correction action required for compliance. Prepares detailed written reports of the findings, conclusions and recommendations in connection with the audit, citing in detail the deficiencies and violations.
  • Prepares the Commission's Commitment of Traders (COT) report. Checks for changes in traders commercial status and resolves any larger trader or open interest discrepancies that may cause flawed data on the report. Analyzes several different checks on the large trader data, making corrections where necessary.
  • Analyzes potential violations of Commission and Exchange speculative limits by both commercial and noncommercial traders. Confirms large trader data by contacting the trader and/or Exchange and collects any additional information from the Exchanges, reporting firms, or traders that directly relate to the analysis. At times, consults with an economist to resolve complex commercial classification issues. Prepares written notes when necessary describing unusual situations and the actions taken.