Full job description
Description
The Manager of Risk Management will be responsible for identifying, evaluating, measuring, and monitoring key risks related to derivatives and cash securities clearing. The Manager will assist in developing and updating risk management policies, procedures, and methodologies related to market, collateral, and liquidity risk. The manager will review acceptable collateral, evaluate counterparties, potential settlement obligations, and exposures arising from trade execution and settlement activities in both CFTC and SEC regulated clearing houses. The Manager will be responsible for understanding margin and liquidity calculations and performing in-depth research and analysis of market, credit, liquidity, collateral, and position data to identify risks, develop mitigation processes, and present findings to Senior Management In addition, the Manager will play an active role in cross-department projects and aid in preparing documentation for regulatory requests. The role is highly dynamic and demands independent, creative thinking, with opportunities to take full ownership of projects.
Responsibilities:
- Leverage financial analysis knowledge and CME’s risk framework to evaluate potential credit, collateral, market, and liquidity risks to CME Clearing and its counterparties.
- Develop and maintain risk management policies, procedures, and methodologies in line with CME Clearing’s risk framework and regulatory requirements.
- Perform market and ad-hoc analysis, including any competitive analysis or key market events and impact to clearing members and market participants.
- Develop thoughtful, well-organized and on-point analysis of pertinent risk issues.
- Ensure sufficient margin and liquidity resources are available and identify changes in risk exposures and liquidity needs and potential settlement obligations
- Present analysis and other projects to risk committees and the Senior Management team at weekly, monthly, and quarterly meetings.
- Aid in the compliance of CME’s regulatory requirements through engagements with regulators and providing assistance in regulatory and third-party requests.
- Work with other teams within clearing, product development, sales, treasury, and legal on analysis and other projects.
- Compose and communicate key counterparty, industry and market news items and how they will impact CME and its counterparties.
- Act as a mentor to junior staff on Clearing House Risk Team and throughout the Clearinghouse
- Demonstrate a strong understanding of CME’s markets and the risks they pose to the Clearing House and counterparties.
- Demonstrate a strong understanding of all counterparties, the risks they face, and their exposure to CME.
Skills:
- Strong knowledge of U.S. Government Securities, and Treasury market structure preferred.
- Strong analytical, quantitative, and organizational skills.
- Excellent written and verbal communication skills.
- Ability to shift fluidly between multiple projects as priorities change.
- Ability to work independently accurately and to meet deadlines.
- Must work well in a team environment.
- Familiarity with derivatives and fixed income securities as well as applicable CFTC and SEC regulations preferred.
- Familiarity with SQL, VBA, or Python preferred.
- Self-motivated professional.
CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future. The salary range for this role is $144,700-$241,100. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our Benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active Pension Plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic Benefits package for our team and their dependents.
CME Group: Where Futures Are Made
CME Group (www.cmegroup.com) 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 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' diverse experiences, cultures and skills, and work to ensure that everyone’s perspectives are acknowledged and valued. As an equal opportunity employer, we recognize the importance of a diverse and inclusive workplace and consider all potential employees without regard to any protected characteristic.
