What are the responsibilities and job description for the Risk Management Associate position at CME Group?
Job Details
Our position is on site in our New York office location.
Job Summary:
An Associate of Default Risk Management is involved in all aspects of default risk management, including managing a CME member's default, designing and conducting periodic default management drills, overseeing the technical development process for all default management tools, performing various key
quantitative risk analyses, and interacting with CME clearing firms and other stakeholders.
Principal Accountabilities:
Qualifications:
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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 pay range for this role is $110,700-$184,500. 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 is the world's leading and most diverse derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by 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.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here .
Job Summary:
An Associate of Default Risk Management is involved in all aspects of default risk management, including managing a CME member's default, designing and conducting periodic default management drills, overseeing the technical development process for all default management tools, performing various key
quantitative risk analyses, and interacting with CME clearing firms and other stakeholders.
Principal Accountabilities:
- Responsible for quantitative aspects of the default management process.
- Oversee technical development lifecycle (from idea specification through implementation and
- execution) for default management tools such as the risk calculation engine, the Auction Platform, etc.
- Work with a development team responsible for both creation of and enhancements to various default management tools.
- Serve as a key liaison between the default management and quant teams.
- Design and conduct semi-annual DM drills for both Base and OTC IRS waterfalls.
- Actively participate in specific projects within the Clearing House related to any major initiative.
- Expected to make tactical decisions for the projects and work closely with various groups within and outside of the Clearing House.
- Design, prepare, and present various risk reports for senior management and CME's Risk Committees.
Qualifications:
- Skills: excellent quantitative skills are a must. Strong written and oral communication skills are preferred.
- Software Requirement: Python, C#, VBA, Microsoft Office, Bloomberg, Reuters.
- Education: Master's Degree in Finance is preferred but not required.
- Experience: 2-5 years of relevant work experience required.
#LI-DS
#LI-Onsite
#dice
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 pay range for this role is $110,700-$184,500. 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 is the world's leading and most diverse derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by 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.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here .
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.
Salary : $110,700 - $184,500
