Analyst, Compliance & Internal Control

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: Finance/Accounting/Internal AuditSchedule: M-FJob Description:
Support the key functions to sustain Sarbanes Oxley compliance at CME. These include: - Scoping - Documentation & Design Assessment - Compliance Testing - Gap Identification & Tracking - Certification - Third Party Audit Reports - Governance - Reporting & Technology This position will interact with: All CME Divisions to: - maintain internal control documentation, perform control self-assessments and testing, and monitor overall system of internal controls. - evaluate and monitor internal control gap remediation. Controller, Assistant Controller and the Internal Audit department to agree on definition of materiality, significant accounts and processes to be included in S-O Sections 302/404 scope. Finance Division, Legal, Organizational Development and Compliance Committee to develop company-wide policies and procedures for compliance with S-O and other regulatory bodies such as SEC, NYSE, PCAOB, etc. Organization Development to ensure applicable job descriptions throughout the company include additional responsibilities regarding compliance with S-O Sections 302/404. Legal Department to clarify S-O requirements. Internal Audit to: - Coordinate annual audit plans regarding review of internal controls over financial reporting processes. - Assist in the review of the S-O Section 302/404 compliance processes. - Assist, prepare or implement remediation plans related to Internal Audit control audit findings. - Assist in assessing entity level internal control assessment.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
CPA, CISA, CIA each or in combination would be preferred. BA/BS Accounting, Business Administration, Finance or related field. MBA in Accounting, Systems, Finance or a related field is a plus but not required. Combination of accounting and audit experience with no less than 3 years experience in total. Understanding of financial, operational & computer controls within the COSO and COBIT frameworks. Experience in SOX documentation and attestation requirements. Adequate understanding of project management concepts. Proficient in developing and writing policies and procedures. Proficiency with designing and facilitating training sessions. Ability to work with individuals at all levels within and outside the company