Chief Operating Officer Job at Paul Murphy Associates, Chicago, IL

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  • Paul Murphy Associates
  • Chicago, IL

Job Description

Title: Chief Operating Officer

Location: Chicago, IL – Hybrid

About the Company

A dually registered self-clearing broker-dealer and Futures Commission Merchant (FCM), regulated by the SEC, FINRA, and CFTC.

Position Overview

The COO will lead operations across Broker/Dealer, FCM, Trade Execution, Fixed Income, and Securities Lending. This executive will drive strategic initiatives, oversee regulatory compliance, and lead cross-functional teams to ensure operational excellence and scalability.

Key Responsibilities

Strategic & Operational Leadership

  • Develop and execute operations strategy aligned with corporate goals
  • Lead process optimization and technology integration initiatives
  • Define and track KPIs to measure operational performance
  • Collaborate with leadership to enhance client service and support business growth

Team & Organizational Development

  • Lead and mentor heads of operational teams
  • Promote a culture of accountability, collaboration, and continuous improvement
  • Drive standardization and change management efforts

Operational Oversight & Risk Management

  • Manage daily clearing, settlement, trading, and custody functions
  • Implement risk controls and improve efficiency through automation
  • Ensure regulatory compliance with SEC, FINRA, CFTC, and OCC requirements

Project & Vendor Management

  • Lead large-scale projects including system upgrades and new product launches
  • Oversee vendor relationships and tech partnerships

Qualifications

Experience & Education

  • 10+ years in financial services operations, including self-clearing broker-dealer and FCM
  • 5+ years in senior leadership roles with multi-functional oversight
  • Proven track record managing 15+ team members
  • Bachelor’s in Finance, Business, or related field (MBA preferred)

Certifications & Skills

  • Series 7 and 24 required; Series 4 preferred
  • In-depth knowledge of regulatory frameworks and compliance practices
  • Experience with regulatory exams, audits, and compliance programs

Preferred

  • Background in equity options, fixed income, or operational technology
  • Experience with business expansions, M&A, or digital transformation
  • Certifications like PMP, FRM, or related

Job Tags

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