Purpose Statement: Commission-Wide Management and Administrative Support
As stated in the CFTC’s Strategic Plan, the Commission’s ability to achieve its mission of protecting the public, derivative market participants, U.S. economy and the U.S. position in global markets is driven by well-informed and reasoned executive direction, strong and focused management, and an efficiently-resourced, dedicated, and productive workforce – this is a top-to-bottom requirement. These attributes of an effective organization combine to lead and support the critical work of the Commission to provide sound regulatory oversight and enforcement program for the U.S. public. To ensure the Commission’s continued success, continuity of operations, and adaptation to the ever-changing markets it is charged with regulating, the Commission must lead effectively and maintain a well-qualified workforce supported by a modern IT infrastructure and working environment.
Starting in 2011 and carrying through 2013, the Commission will develop and implement a host of rules, many of which address the Dodd-Frank Act requirements and many of which will significantly alter and expand the Commission’s mission and operation. To successfully develop, implement, and manage these rules, as well as perform its existing mission, the Commission requires unambiguous and timely direction, and the right quantity and quality of staff, aligned in an optimal operating structure supported by the necessary training, development, tools, resources and working environment.
The Commission said it will take a number of actions to ensure its ability to perform with excellence. Accomplishments have been achieved in each area and further work is needed and will be completed. We have followed through and in section ---- we chronicle many of the accomplishments and expected outcomes for 2012 and 2013. Broadly the efforts align as shown below and established in Goal Five of the CFTC’s Strategic Plan:
- Organization is structured, aligned and streamlined to successfully carry out its mission while flexible and adaptable to changes to its mission and available resources;
- Planning Program effectively develops and implements a resource management program to support the optimal operation and maintenance of a growing agency (scope and staff) with the capability and tools to achieve its mission;
- Human Capital Program attracts, retains and continuously develops an exceptionally qualified, diverse, dedicated, capable and productive staff; and
- Technology Program is engineered at the enterprise level to support the mission as it:
- Sustains and maximizes the return on investment in various aspects of the program (infrastructure, systems and services);
- Provides the capability and transparency to capture access, analyze and report on data and mission critical information;
- Transforms CFTC-wide business processes to benefit staff and to adapt to evolving markets; and
- Financial Management Program judiciously manages and administers the financial resources provided to the Commission while taking measures through integrity and management controls to prevent waste, fraud and abuse.