Senior Derivatives Risk & Modeling Lead

Cboe Global Markets, Inc.; Chicago (IL); On-site; USD 159,000 - 206,000; Full time

Benefits offered by this job

401(k) match

Tuition assistance

Paid time off

On‑site gym

Job summary

Cboe Global Markets in Chicago seeks a seasoned Quantitative Risk Manager to join the Risk Management team. You will develop derivatives valuation and margin models for complex portfolios and report to the Chief Risk Officer.

Responsibilities include governance design, monitoring tools, dashboards, and model validation with independent reviewers. Strong Python programming and regulatory communications are essential.

Qualifications

• 10+ years in financial modeling using simulation, regression, and time‑series techniques.
• 5+ years in a senior role with model development, validation and governance.
• Deep understanding of VaR, stress testing, and portfolio risk management.
• Strong programming skills; ability to design and implement models in Python.

Responsibilities

• Develop derivatives valuation and portfolio margin models for futures and options.
• Create governance, version control and change management for models; respond to regulators/auditors.
• Design monitoring plans, dashboards and performance metrics for risk models.
• Identify data sources and build data ingestion pipelines for risk analytics.
• Collaborate with developers on deployment and testing of risk models.

Skills

Quantitative risk management

Model governance

Data analysis

Regulatory communication

Education

Master’s degree in Physics, Mathematics, Econometrics or related quantitative field

Tools

Python

Job description

Cboe Global Markets in Chicago seeks a seasoned Quantitative Risk Manager to join the Risk Management team. You will develop derivatives valuation and margin models for complex portfolios and report to the Chief Risk Officer.

Responsibilities include governance design, monitoring tools, dashboards, and model validation with independent reviewers. Strong Python programming and regulatory communications are essential.