Senior Market Risk Manager, Clearing & SPAN Expert

CME Chicago Mercantile Exchange Inc.; New York (NY); On-site; USD 153,000 - 254,000; Full time

Job summary

CME Group is seeking a Market Risk Manager to lead risk reviews, monitor markets, and help develop CME Clearing's risk framework. The role requires subject matter expertise in SPAN and SPAN2 and close coordination with Clearing House Risk Senior Management.

You will mentor junior staff, deliver regulator-facing analyses, and drive enhancements to risk measurement across systems and processes.

Qualifications

• BA or BS, MBA a plus.
• 6-8+ years’ 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.
• 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

Quantitative analysis

Risk management

Communication

SQL

Python

AI tools

People management

Problem solving

Education

BA or BS

MBA a plus

Tools

SQL

Python

Job description

CME Group is seeking a Market Risk Manager to lead risk reviews, monitor markets, and help develop CME Clearing's risk framework. The role requires subject matter expertise in SPAN and SPAN2 and close coordination with Clearing House Risk Senior Management.

You will mentor junior staff, deliver regulator-facing analyses, and drive enhancements to risk measurement across systems and processes.