Chief Risk Architect for a Regulated Derivatives Exchange

ElectronX; New York, Chicago (NY, IL); On-site; USD 225,000 - 300,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

Dental insurance

401(k) match

Supplemental health and disability保险

Job summary

ElectronX is seeking a Head of Risk to design and implement the enterprise risk framework for the exchange and DCO. You will define risk appetite, establish governance, and report to the Board and regulators while building a modern, scalable risk function for a fast-growing energy derivatives platform.

You will lead market, credit, operational, and liquidity risk efforts, drive regulatory readiness, and partner with engineering, compliance, and finance to embed risk thinking into all business

Qualifications

• 10+ years in risk management at an exchange, CCP, FCM, or major financial institution.
• Deep expertise in derivatives risk including margin, default management, and systemic risk.
• Proven track record building or transforming a risk function, not just maintaining one.
• Strong regulatory relationship management, ideally with the CFTC or equivalent bodies.
• Experience with enterprise risk governance, Board-level risk reporting, and risk committee leadership.
• Expert quantitative skills in risk modeling, VaR, stress testing, scenario analysis, and back-testing.
• Deep understanding of margin methodologies including SPAN, VaR-based, and historical simulation approaches.
• Experience with real-time risk monitoring systems and surveillance technology.
• Ability to translate risk requirements into technical specifications and work with engineering teams.

Responsibilities

• Own the end-to-end risk management framework for the exchange and DCO.
• Define the enterprise risk appetite and tolerance statement.
• Build the risk governance structure including policies, procedures, and escalation frameworks.
• Establish risk reporting to the Board, regulators, and senior leadership.
• Develop and chair the Risk Committee.
• Design and oversee margin model validation, stress testing, and back-testing programs.
• Manage counterparty credit risk assessment and ongoing monitoring for clearing members.
• Develop position limits, concentration risk policies, and large trader surveillance.
• Build default fund sizing methodologies and maintain the default waterfall.
• Own recovery and resolution planning.
• Stand up the operational risk program covering technology risk, business continuity, and third-party risk management.
• Build real-time risk monitoring and surveillance systems that can scale with 24x7 trading.
• Manage liquidity risk including liquidity stress testing and contingency funding planning.
• Establish robust financial controls for wire processing, cash reconciliation, and treasury operations.
• Ensure full compliance with customer funds segregation and protection requirements.
• Serve as the primary risk liaison with the CFTC and other regulatory bodies.
• Lead risk-related regulatory filings, rule submissions, and examination readiness.
• Ensure compliance with CFTC Part 39 requirements around risk management, financial resources, and default procedures.
• Stay ahead of evolving regulatory expectations and proactively adapt the risk framework.
• Build and lead a high-performing risk management team.
• Collaborate with compliance and finance on margin model design and clearing risk integration, and work cross-functionally with engineering, product, and commercial teams to embed risk thinking into business decisions.
• Manage relationships with regulators, clearing members, and industry risk bodies.
• Represent ElectronX in industry risk forums and working groups.

Skills

Risk management

Derivatives risk

Regulatory relationship management

Quantitative risk modeling

Real-time risk monitoring

Frameworks thinking

Builder mentality

Clear communication

Education

FRM/PRM/CFA or equivalent

Tools

SPAN

VaR & back-testing

Job description

ElectronX is seeking a Head of Risk to design and implement the enterprise risk framework for the exchange and DCO. You will define risk appetite, establish governance, and report to the Board and regulators while building a modern, scalable risk function for a fast-growing energy derivatives platform.

You will lead market, credit, operational, and liquidity risk efforts, drive regulatory readiness, and partner with engineering, compliance, and finance to embed risk thinking into all business