Risk Analyst

Phillip Capital Inc.; Chicago (IL); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Onsite gym

Indoor bicycle parking

Game room

Rooftop deck with views

Job summary

A financial services firm located in Chicago is seeking a highly motivated Risk Analyst to join its Risk Management team. The role involves monitoring market exposure, conducting risk assessments, and preparing reports for senior management. The ideal candidate has a Bachelor’s degree in a relevant field and 3–5 years of risk management experience within a broker dealer or derivatives-focused financial institution. Additional requirements include familiarity with U.S. regulatory frameworks and strong analytical skills. Flexible schedule may be required.

Qualifications

• 3–5 years of experience in risk management, preferably in a broker dealer, FCM, or derivatives-focused financial institution.
• Ability to work evenings and weekends as needed.
• Familiarity with U.S. regulatory frameworks including SEC, FINRA, CFTC, NFA.

Responsibilities

• Monitor market, credit, and liquidity exposures across various derivatives.
• Prepare risk reports capturing key metrics and trends for management.
• Assist with regulatory reporting requirements related to FINRA, SEC, and others.

Skills

Strong analytical capability

Problem solving skills

Advanced Excel skills

Communication skills

Education

Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related field

Tools

SQL

Risk systems

Data analysis tools

Job description

Phillip Capital Inc., located in Chicago, is dually registered with the SEC/FINRA as a self-clearing broker dealer and the Commodity Futures Trading Commission (CFTC) as a registered Futures Commission Merchant (FCM) serving professional traders and institutions with customized clearing, custody and global market access solutions.

What We Offer

We provide an environment where you can grow your skills and make meaningful, visible contributions to your team and the broader organization. Our culture is built on integrity, accountability, open communication, and continuous improvement, with a focus on building for the long term. Our office, located in the iconic Board of Trade Building, offers convenient access to Metra and CTA lines and is steps away from restaurants, parks, shopping, and cultural institutions. Building amenities include an onsite gym, indoor bicycle parking, a game room, and a rooftop deck with exceptional views.

About the Role

We are seeking a highly motivated Risk Analyst to join our Risk Management team. This role is critical in supporting our firm’s ability to manage financial, market, credit, and operational risks across our trading and clearing activities. The ideal candidate brings strong analytical capability, a working knowledge of broker dealer and FCM regulatory frameworks, and the ability to operate effectively in a fast paced, dynamic environment.

What You Will Do

• Monitor intraday and end of day market, credit, and liquidity exposures across equities, options, futures, and other listed derivatives.
• Conduct risk assessments on client trading activity, position concentrations, margin requirements, and collateral sufficiency.
• Evaluate clearing fund, initial margin, and variation margin calculations for accuracy and compliance.

Reporting & Governance

• Prepare daily, weekly, and monthly risk reports for senior management, capturing key metrics, limit breaches, and material trends.
• Support ongoing enhancements to the firm’s risk dashboards, stress testing models, and exposure monitoring tools.
• Assist with regulatory reporting requirements including those related to FINRA, SEC, CFTC, and NFA obligations.
• Perform stress tests and scenario analysis for market volatility, extreme price moves, and client default simulations.
• Collaborate with quantitative teams to refine modeling methodologies and ensure alignment with clearing and regulatory standards.
• Identify emerging risks, control gaps, and process inefficiencies; propose and implement mitigation strategies.
• Support surveillance of limit frameworks such as capital adequacy limits, counterparty exposure limits, and liquidity thresholds.
• Assist with incident investigations and post event analysis.
• Troubleshoot client facing issues.

Cross Functional Collaboration

• Partner with Compliance, Operations, Treasury, and Technology to ensure effective end to end risk management.
• Participate in audits, regulatory exams, and internal reviews by providing documentation, data, and subject matter expertise.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related field.
• 3–5 years of experience in risk management, preferably within a broker dealer, FCM, clearing firm, or derivatives focused financial institution.
• Series 3 and 7 (or ability to obtain within three months of start date).
• Ability to work evenings and weekends.
• Strong understanding of margining methodologies (e.g., SPAN, TIMS, VaR based systems).
• Familiarity with U.S. regulatory frameworks including SEC, FINRA, CFTC, NFA, and exchange specific rules.
• Advanced Excel skills and proficiency with risk systems, SQL, or data analysis tools.
• Strong analytical, problem solving, and communication skills.

To be considered for this position, please apply via LinkedIn or submit a resume directly to [e-mail] with “Risk” in the subject line. Phillip Capital Inc. will not consider candidates sent by recruiters for this position.