Description The
Manager, Risk Management monitors, manages, and prevents risks within the clearing house and financial system through personal work & managing a team. Monitoring and management involves being a master of CME Group's Clearing House risk systems & teaching direct reports about these systems. The manager prevents risk through communication between Senior Management and staff by implementing & overseeing new processes & procedures.
Principal Accountabilities: - Prepare, coordinate, and engage firms' risk managers on all information that pertains to risk reviews that are applicable to their firms for a given year.
- Attend or lead on risk reviews because their experience will help to get better results in the overall risk review process.
- Produce timely reports based on a variety of requests from Clearing House Sr. Management. Completion of the report can either be from the manager or from delegating and training a direct report on producing the information. These reports can be product, asset class, FCM or customer specific.
- Retrieve, analyze and present to CH Sr. Management any data requests that the CFTC has before the information is presented to the CFTC. They must also be ready to present any information to the CFTC is required to do so.
- Review products & determine adequate margin coverage for each product as well as any margin offsets that we provide the market based on the risk characteristics of the positions. Combinations are based on individual products, intra & inter-product spreads numbers in the millions. Review & provide detailed rational for either current margins or margin changes.
- Serve as experts in monitoring risk at the clearing house through a variety of tools. Provide support for less seasoned analysts and train them as they start out with expertise. Applications they have mastered include: variation, margin, large trader, Globex account position accumulation, stress testing, OTC trade activity, cross margin, concentration risk, expiration risk, credit limit
- Serve as risk team leaders on specific projects within the clearing house related to any major initiative that the clearing house is undertaking. Assess the risks that the project is either bringing to clearing house or will mitigate at clearing house. Expected to make most decisions for the projects & delegate work to their members of the risk team.
- Train and grow their direct reports as well as all members of the risk management team through professional feedback, hands on learning, job delegation, and adequate time management. The progress and aptitude of their team is a direct reflection on the skill of the manager.
Qualifications: - 5-10 years of experience in market risk management or a related field pertaining to the derivatives industry.
- Deep expertise in commodities markets (knowledge of energy markets preferred)
- BA or BS in a quantitative field, graduate degree is preferred
- Demonstrated analytical and problem-solving skills.
- The ability to work flexibly in a team environment.
- Expertise in Microsoft Office or Google Work Space is required, and the ability to work with a variety of complex systems is highly desired.
- Strong oral and written communication skills.
- Derivatives industry knowledge is a plus.
#LI-Onsite 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. The Candidate Privacy Policy can be found here.