Manager, Market Risk

CME Group; Chicago (IL); On-site; USD 139,000 - 231,000; Full time

Job summary

CME Group in Chicago seeks a Market Risk Manager to manage and mitigate risks within the clearing house through timely monitoring and analysis. You will become a subject matter expert in Clearing House risk systems and collaborate with Risk Senior Management to prevent risk.

You will support the development of the CME Clearing risk management framework, lead reviews of clearing firms, monitor margin frameworks (SPAN/SPAN2), and produce insights for senior leadership and regulators.

Qualifications

• 6–8+ years of experience in risk management, mid-office, or related area, preferably in Energy, Metals, Agriculture markets.
• Strong quantitative, analytical and problem solving skills as well as strong oral and written communication skills are required.
• People management experience is a plus.
• Working knowledge of SQL and/or Python as well as AI tools is a plus.

Responsibilities

• Prepare, coordinate and lead reviews of clearing firms and their risk management function.
• Serve as an expert on CME Market Risk practices and principles, alongside systems and tools for capturing and monitoring risk at the clearing house, including SPAN and SPAN2.
• Monitor markets on an ongoing basis and take appropriate actions to manage the risk, including the reviewing and adjusting of margin requirements in the SPAN and SPAN2 margin frameworks.
• Produce timely reports and analysis for Clearing House Risk Senior Management on an ongoing basis and in response to market events that impact CME markets.
• Work on ad-hoc data analysis projects as required by Clearing House or wider business, including requests from regulatory bodies (such as the CFTC), presenting findings to Senior Management and regulators as required.
• Serve as a Market Risk leader on projects, working with the rest of the team and with the wider clearing house to both enhance existing systems and assist in the development and implementation of market risk measurement strategies.
• Contribute to the growth and development of junior team members through sharing of knowledge and experience, professional feedback and delegation.

Skills

Risk management

Analytical thinking

Communication skills

Team leadership

Education

Bachelor's degree (BA/BS) or MBA

Tools

SQL

Python

AI tools

Job description

The Market Risk Manager's role is to manage and mitigate risks within the clearing house through effective and timely communication of pertinent monitoring and validation analysis. The successful candidate will become a subject matter expert in Clearing House risk systems to prevent risk in coordination with Clearing House Risk Senior Management. Additionally, the Market Risk Manager will support the development and maintenance of the CME Clearing risk management framework.

What You'll Do

• Prepare, coordinate and lead reviews of clearing firms and their risk management function
• Serve as an expert on CME Market Risk practices and principles, alongside systems and tools for capturing and monitoring risk at the clearing house, including SPAN and SPAN2
• Monitor markets on an ongoing basis and take appropriate actions to manage the risk, including the reviewing and adjusting of margin requirements in the SPAN and SPAN2 margin frameworks
• Produce timely reports and analysis for Clearing House Risk Senior Management on an ongoing basis and in response to market events that impact CME markets
• Work on ad-hoc data analysis projects as required by Clearing House or wider business, including requests from regulatory bodies (such as the CFTC), presenting findings to Senior Management and regulators as required
• Serve as a Market Risk leader on projects, working with the rest of the team and with the wider clearing house to both enhance existing systems and assist in the development and implementation of market risk measurement strategies
• Contribute to the growth and development of junior team members through sharing of knowledge and experience, professional feedback and delegation

What You'll Need

• BA or BS, MBA a plus
• 6-8+ years’ experience involved in a risk management, mid-office, or related area, preferably in Energy, Metals, Agriculture markets
• Strong quantitative, analytical and problem solving skills as well as strong oral and written communication skills are required
• People management experience is a plus
• Working knowledge of SQL and/or Python as well as AI tools is a plus

#LI-DD1

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The pay ranges for this role based on location are: Chicago: $138,800-$231,300 New York/New Jersey: $152,600-$254,300. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active pension plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic benefits package for our team and their dependents.

CME Group: Where Futures are Made CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more. At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued.

As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes foreign exchange energy agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world. Hear more about our employee experience Get a look inside CME Group and see what makes us tick A rewarding career is only the beginning

For U.S. employment, CME Group is legally required to validate a new hire’s employment eligibility by having them complete an Employment Eligibility Verification (Form I-9) companied with legally acceptable proof of identity and work authorization (as listed on the Form I-9). CME Group uses E-Verify, which is an online system operated by the U.S. Department of Homeland Security in partnership with the Social Security Administration to verify employment eligibility and validate social security numbers. Through participation in the E-Verify program, information entered on Form I-9 will be provided and compared to information available at both of these agencies. See posters below for more details. E-Verify Notice E-Verify Notice Español U.S. Right to Work Notice U.S. Right to Work Notice Español