Mission: NFA strives every day to safeguard the integrity of the derivatives markets and ensure Members meet their regulatory responsibilities.
Are you interested in a career at NFA? Learn more about our open positions: http://glassdoor.com/slink.htm?key=vQRmC
NFA would like to recognize and congratulate the 16 staff members who received promotions this month. Keep up the good work!
National Futures Association (NFA) is the self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps). NFA has developed and enforced rules, provided programs and offered services that safeguard market integrity, protect investors and help our Members meet their regulatory responsibilities and has done so for more than 30 years.
Investor confidence is crucial to the success of the derivatives markets, and the best way to gain investor confidence is to demand the highest levels of integrity of all market participants and intermediaries.
Membership in NFA is mandatory, assuring that everyone conducting business with the public on U.S. futures exchanges and in the retail forex marketplace must adhere to the same high standards of professional conduct. NFA membership also is mandatory for swap dealers and major swap participants. NFA's membership currently numbers approximately 4,100 firms and 57,000 associates.
NFA is a non-profit, independent regulatory organization. We do not operate any markets. We are not a trade association. We operate at no cost to the taxpayer. We are financed exclusively from membership dues and assessment fees.
NFA Cares about the Community
Beyond meeting our mission of helping to safeguard the integrity of the derivatives markets and protecting investors, we care deeply about giving back to our community and fostering a friendly, active work environment for our employees.
NFA participates in a company-wide United Way campaign, where employees can designate a portion of their salary to United Way. Along with this, NFA keeps its relationship with the United Way foundation alive year-round by offering various "Day of Caring" opportunities, as well as organizing drives for those charities in need.
Breast Cancer Awareness
On the first Friday of every month our organization offers a voluntary "Jean Day", where employees offer a donation to the Susan G. Komen Cancer Research foundation in return to sport their favorite pair of jeans.
Greater Chicago Food Depository
NFA has a long standing relationship with the Greater Chicago Food Depository. We have continued to donate our time to volunteer with organizing, packaging and sending food to help stop hunger in the Chicagoland area.
Toys for Tots
During the holiday season, NFA collect toys for the Toys for Tots program, helping to make the holidays brighter for children in need. The program is sponsored by the Marine Toys for Tots foundation in Chicago, and in New York, the New York City Fire Department (FDNY) leads this effort. Each year our donations grow, offering new toys to children of all ages, from infants to teenagers.
Operation Santa is a program that provides books as holiday gifts for students less fortunate, and promotes reading and assists them academically. Each year the number of students sponsored by NFA continues to grow. A "wish list" is provided to staff participants delegated with student's information and list of books that they are interested in reading. NFA staff present these wrapped books to students.
NFA staff sign up as a sponsored team to raise funds and walk in the American Heart Association's Heart Walk in Chicago. NFA continues to support The American Heart Association's mission to build healthier lives, free of cardiovascular diseases and stroke.
Additional Community Involvement Opportunities
In addition to the programs that NFA participates in on a regular basis, we encourage our staff to find ways to engage with the local community and give back in a way that is meaningful to them. In past years, staff participated in Chicago Cares and New York Cares service day events; coat drives; birthday toy drives; and other grassroots campaigns. NFA staff find causes close to their hearts and organize opportunities for their fellow staff members to join them in their effort to support the cause.
NFA is the premier independent provider of regulatory programs that protect investors and safeguard the integrity of the derivatives markets. Employees are proud to work at NFA because we serve a public good. A healthy derivatives market benefits the economy, and our work gives investors confidence that they will be treated fairly when they trade in these markets.
NFA understands how important culture is to an organization, and we strive to pursue a culture of excellence in which every employee has the opportunity to succeed. From our comprehensive benefits package to the interesting work to our flexible work schedules, we've placed significant focus on creating an outstanding work experience.
We are confident that if you ask employees why they work at NFA, the majority would say, "it's because of the talented people I work with." NFA employees provide excellent opportunities for professional development, a collaborative work environment and a friendly place to work.
At NFA, we firmly believe that it is the quality of our employees that sets us apart and enables us to achieve our goals. That's why we offer a generous and flexible benefits package that allows employees to easily balance work and life and can be tailored to address their needs. Please read below to learn more about some of the benefits offered by NFA.
Wellness: For a company to be successful, it must have healthy and productive employees. Therefore, we offer comprehensive medical and dental plans to both our employees and their eligible dependents (including domestic partners). Employees may choose the coverage that fits their circumstances from a number of options. Coverage begins on the first day of the month following their start date. We also offer free flu shots, annual health screenings, numerous other wellness events and discounts to nearby fitness centers. Additionally, our employee assistance program provides confidential counseling sessions to discuss personal or family issues, and can help with child or elder care issues.
Retirement: We strive to ensure that our employees meet their retirement goals. In doing so, we offer a robust retirement savings plan that incorporates both a 401(k) savings plan and a defined contribution retirement plan. Employees are automatically enrolled in the 401(k) savings plan. We will match 100 percent of an employee's 401(k) contributions up to 6 percent of their pay. Through our defined contribution retirement plan, we may also make a discretionary retirement contribution annually to all employees in an amount determined by our Board of Directors. In previous years, the contribution has been 5 percent. Participation requires no employee contribution. Employees become eligible for the defined contribution plan after their first full year at NFA. Employees will be fully vested in both of these retirement plans after three years of service.
Transportation:Commuting to work each day can be expensive. To help ease this burden, we offer a $55 monthly transportation subsidy to employees who use public transportation.
Work/Life Balance: We understand the importance of promoting work/life balance for our employees. Because of this, we offer generous paid time off including vacation days and nine holidays. New employees are entitled to 10 to 15 vacation days, and all employees can use flexible benefit dollars each year to purchase up to five additional vacations days beyond their allotted number of days. NFA also allows employees the opportunity to take advantage of flexible work arrangements to help employees make the most of all aspects of life.
Continuous Learning: Our overall success as a regulator depends on the ability of our staff to continually learn and develop new skills. We offer onsite professional development and access to external seminars and online learning programs. We also recognize the importance of continuing education and provide tuition assistance up to $12,500 per year to eligible employees for advanced degree programs. Our staff also can receive educational assistance for professional certifications and financial services industry licensing examinations.
Training and development of all employees is very important to NFA. NFA strives to make sure all of its employees have the resources necessary to complete their roles more effectively, all the while preparing employees for future roles and/or new responsibilities. Many industry changes and internal initiatives require that NFA employees be trained on new systems or procedures. NFA is dedicated to working with departments and project teams to make sure that the skills of our people line up with the needs of the organization.
Please see video below to learn more about training and development opportunities from our employees.
I have been working at National Futures Association full-time (Less than a year)
NFA has managed to grow a company of exceptionally sharp individuals. Everyone I've come in contact with, from the officers all the way down the organization chart, is committed to doing their very best professionally day-in and day-out.
Moreover, I truly look forward to coming to work, simply because I enjoy the individuals I spend my time with at the office. There's a lot of interaction cross-departmentally, and I find that almost everyone I come in contact with is someone who cares about me personally, and is someone about whom I care about, as well.
Within the financial services industry, NFA is an especially meaningful place to work, as well. I'm proud of the work we do protecting investors and feel that my work is meaningful.
Many people stick around NFA for much of their careers (certainly a good thing), but this trend brings some office politics along with it.
I applied online. I interviewed at National Futures Association (Chicago, IL) in March 2017.
Three step interview process - Phone interview, in-person interview with hiring manager, final with director. Everyone was extremely friendly and welcoming. It was very easy to carry a conversation with the group. They made me feel extremely comfortable and asked a blend of questions in regards to my background and behavioral based questions. Benefits review was very thorough.