Strategic Risk Manager – Clearing & ERM

Cedar Cares, Inc; Chicago (IL); On-site; USD 136,000 - 175,000; Full time

Benefits offered by this job

Health benefits

401(k) match

Paid time off

Tuition assistance

Job summary

Cboe Global Markets is seeking a Risk Manager to join the Risk Management team in Chicago. The role focuses on onboarding and ongoing monitoring of Clearing Members, margin validation using Python, and regulatory coordination for CFTC/SEC audits.

Ideal candidates have 7+ years in financial services with derivatives clearing or risk management, plus a strong foundation in risk analysis and margin methodology. Competitive benefits and a comprehensive total rewards program.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, Business, Risk Management, or related quantitative field.
• MBA/MS in Finance/Risk or professional certification preferred.
• 7+ years of progressive experience in financial services with derivatives clearing or risk management.

Responsibilities

• Oversee onboarding reviews for Clearing Members and determine appropriate risk management thresholds.
• Prepare memos with recommendations for internal and board committees.
• Review daily exposure reports and monitor intraday positions.
• Maintain Python codebase to validate margin calculations and generate SPAN-related files.
• Review monthly filings to update risk profiles.
• Recommend protective measures or enhanced monitoring when needed.
• Coordinate Default Management Plan tests and summarize outcomes for boards.
• Perform periodic ERM assessments and ensure effective controls.
• Support regulatory coordination with CFTC/SEC examiners and audits.

Skills

Python

SQL

Risk management

Data analysis

Regulatory knowledge

Portfolio margining

Education

Bachelor’s degree in Finance/Economics/Accounting/Business/Risk Management

MBA/MS in Finance or Risk (preferred)

FRM/CFA/PRM (preferred)

Tools

SPAN margin

FOCUS Reports (experience)

Job description

Cboe Global Markets is seeking a Risk Manager to join the Risk Management team in Chicago. The role focuses on onboarding and ongoing monitoring of Clearing Members, margin validation using Python, and regulatory coordination for CFTC/SEC audits.

Ideal candidates have 7+ years in financial services with derivatives clearing or risk management, plus a strong foundation in risk analysis and margin methodology. Competitive benefits and a comprehensive total rewards program.