Securities Clearing - Credit Risk Consultant

CME Group; Chicago (IL); On-site; USD 120,347,000 - 128,943,000; Full time

Job summary

CME Group is seeking a risk analyst consultant to perform in-depth analysis of market, credit, and industry data, identify risks, and present findings to senior management. The role supports daily assessments of market conditions and impacts to counterparties as the first line of defense against systemic and counterparty-specific risks.

Daily reporting to governance, comprehensive risk metrics, and escalation of issues are core duties.

Qualifications

• Direct experience in counterparty credit risk evaluation.
• Knowledge of Fixed Income, Cash Treasuries, and Repo Markets.
• Experienced in Excel, PowerPoint and Word.
• Familiarity with relational databases (MS SQL, Oracle) and SQL.
• Ability to manipulate large data sets.
• Strong analytical, quantitative, and organizational skills.
• Knowledge of financial analysis at an intermediate level.
• Excellent written and verbal communication skills.
• Capability to work independently as well as in a team setting.

Responsibilities

• Liaise with market risk, financial surveillance, and other departments to familiarize others with counterparty credit, liquidity, and collateral risk profiles.
• Perform daily procedures to monitor risk to the clearinghouse, including credit and liquidity stress testing, and elevate findings as necessary.
• Demonstrate a strong understanding of applicable regulations at both domestic and international level as well as have a firm grasp of applicable rules in the clearinghouse’s rule book.
• Use technical skills, including knowledge of programming and financial mathematics, to maintain models.
• Assist in preparing responses to ad hoc regulatory requests.

Skills

Counterparty credit risk

Risk analysis

Financial mathematics

Programming

Communication

Independent work

Tools

Bloomberg

MS SQL

Oracle

Excel

PowerPoint

Word

SQL

Job description

The candidate performs in-depth analysis of market, credit, and industry data to identify risks, assess exposures, develop methodologies to appropriately measure exposures, and present findings to senior management. The candidate performs daily assessments of market conditions and resulting impacts to counterparties and acts as the first line of defense against systemic, idiosyncratic and counterparty-specific risks.

The role is also responsible for creating reports for internal governance committees, measuring key risks, and escalating issues as appropriate.

Key Responsibilities

• Liaise with market risk, financial surveillance, and other departments to familiarize others with counterparty credit, liquidity, and collateral risk profiles
• Perform daily procedures to monitor risk to the clearinghouse, including credit and liquidity stress testing, and elevate findings as necessary
• Demonstrate a strong understanding of applicable regulations at both domestic and international level as well as have a firm grasp of applicable rules in the clearinghouse’s rule book
• Use technical skills, including knowledge of programming and financial mathematics, to maintain models
• Assist in preparing responses to ad hoc regulatory requests

Skills And Software Requirements

• Direct experience in counterparty credit risk evaluation
• Knowledge of Fixed Income, Cash Treasuries, and Repo Markets
• Experienced in Excel, PowerPoint and Word
• Bloomberg
• Familiarity with relational databases (MS SQL, Oracle) and SQL
• Ability to manipulate large data sets
• Strong analytical, quantitative, and organizational skills
• Knowledge of financial analysis at an intermediate level
• Excellent written and verbal communication skills
• Capability to work independently as well as in a team setting

Work Schedule

This position requires a daily presence in our Chicago office, 5 days a week

CME Group is seeking skilled and experienced Consultants for a fixed term of engagement from 9/21/2026 to 12/31/2026. CME is committed to offering competitive compensation for our consultants that recognizes their contributions to the business. The hourly pay range for this role is expected to be $42-$45 per hour. The actual pay offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal consultants or employees (where relevant). Please note that while this opportunity is for a consultant role dedicated to CME, the consultant will be directly employed by a third party vendor, which would provide pay and benefits.

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.