What are the responsibilities and job description for the Senior Risk Analyst - Hybrid (Chicago) position at Cboe Global Markets, Inc.?
Description
Cboe Clear U.S. is a subsidiary of Cboe Global Markets and operates as a CFTC-regulated Derivatives Clearing Organization approved to clear futures and fully-collateralized swaps. The Senior Risk Analyst role is within the clearinghouse’s Risk Management department and will report to the Chief Risk Officer in support of the department’s financial and enterprise risk management efforts. As a Senior Risk Analyst, you will complete reviews to ensure the clearinghouse only admits clearing members and settlement banks that meet its participation requirements and continue to meet those requirements on an on-going basis. Similarly, you will support the department’s enterprise risk management efforts by ensuring the necessary reviews of vendors are completed by different departments and the results of those reviews indicate the vendors are reasonably expected to perform at the standards required by the underlying business processes. Finally, you will continually assess the Risk Management department’s current processes and capabilities, recommend enhancements as they are identified, and lead efforts to implement them.
Key Responsibilities :
Evaluate the creditworthiness of counterparty applicants and their compliance with clearinghouse rules and other regulatory requirements to determine whether they should be admitted for membership.
Complete ongoing assessments of counterparties’ audited and unaudited financial statements, risk management policies and procedures, as well as operational capabilities to identify any concerning trends or deficiencies.
Review daily internal reporting to identify and escalate when the clearinghouse’s exposure to clearing members exceeds internal thresholds and may require enhanced monitoring and / or margin charges.
Promptly review alerts generated by the clearinghouse’s internal intraday monitoring system, determine the appropriate escalation, contact clearing members to obtain additional information and recommend additional action as appropriate to department management.
Collaborate with quantitative risk management staff to develop additional reporting to support the on-going monitoring of clearing members.
Support business development efforts with existing and potential clearing members to represent the clearinghouse’s risk management capabilities and methodologies.
Document testing of enhancements to internal systems as a part of code releases and system change notifications to regulators.
Understand the vendor risk management function within the clearinghouse and serve as a second line risk management function to ensure the required reviews are completed in a timely manner and identify when vendors may not be able to support the associated business processes based on the processes’ recovery time objectives.
Support remediation efforts related to regulatory or internal audit findings and observations in a timely manner.
Identify improvements to the risk function based on insights and findings observed during the execution of responsibilities.
Your Profile :
Bachelor or master degree in finance, accounting, or risk management.
Minimum of four years’ experience in risk management, prime brokerage, central clearing, or related areas.
Exceptional regard for the quality of your work and attention to details.
Wherewithal to accept constructive feedback, understand it, and improve going forward.
Team player with a collaborative mindset.
Experience analyzing financial and statistical time series data.
Experience reviewing audited financial statements and their footnotes.
Experience with risk models and risk frameworks is highly preferred.
Familiarity with mechanics and characters of derivatives is preferred.
Bonus : Familiarity with business intelligence tools or Python programming language.
Why Join Cboe Clear U.S.?
As a part of Cboe Global Markets’ growing clearing capabilities, you will be presented with unique challenges and opportunities to support the Cboe Clear U.S. mission of challenging the status quo in central counterparty risk management.
Hybrid work environment from Cboe Global Markets’ world-class headquarters in Chicago's historic Old Post Office.
Global clearing offerings with Cboe Global Markets’ affiliated European clearinghouse, Cboe Clear Europe. See Cboe Clear Europe for more information.
For more information on Cboe Clear U.S., please visit Clearing Information - Cboe Clear U.S.
Benefits and Perks
We value the total wellbeing of our people – including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are a given at any organization. Still, you should know we offer :
- Fair and competitive salary and incentive compensation packages with an upside for overachievement
- Generous paid time off, including vacation, personal days, sick days and annual community service days
- Flexible, hybrid work environment, where you choose where and how you work
- Health, dental and vision benefits, including access to telemedicine and mental health services
- 2 : 1 401(k) match, up to 8% match immediately upon hire
- Discounted Employee Stock Purchase Plan
- Tax Savings Accounts for health, dependent and transportation
- Employee referral bonus program
- Volunteer opportunities to help you give back to your communities
Some of our employees’ favorite benefits and perks include :
