Senior Market Risk Leader

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

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.