Job Description

About the Company

• A global financial services firm operating advanced trading platforms is seeking an experienced Market Risk Manager to join its U.S. office in the Chicago area. The firm offers a broad range of trading products, including OTC instruments, equities, and listed futures and options. The company has a strong commitment to technology-driven risk management and regulatory compliance.

Position Overview

• The Market Risk Manager will play a key leadership role in overseeing daily market risk operations, managing risk staff, and ensuring the effective execution of margin processes and client activity monitoring. This role requires hands-on experience with commodity derivatives, risk models, and trading platforms.

Key Responsibilities

• Develop and maintain policies and procedures for identifying and mitigating market risk associated with client trading activity.
• Supervise and mentor a small team of risk analysts.
• Oversee issuance and follow-up of margin calls to clients and introducing brokers.
• Manage pre-trade control settings and periodic system reviews across multiple trading platforms.
• Monitor post-trade risk systems and escalate exceptions as appropriate.
• Maintain firm-wide risk metrics and dashboards.
• Act as PMO for market risk initiatives, ensuring timely project delivery and prioritization.
• Provide risk reports and insights to senior leadership for internal and regulatory use.

Required Qualifications

• 5+ years of experience in financial markets, with a focus on commodity derivatives, trading, and risk management.
• Prior experience at a Futures Commission Merchant (FCM) or broker/dealer is strongly preferred.
• Solid understanding of exchange margin methodologies (e.g., SPAN, IRM, Prisma).
• Familiarity with trading platforms such as T4, CQG, TT, or QST.
• Advanced Excel and SQL skills for risk data analysis and reporting.
• Strong written and verbal communication skills, with experience presenting to senior stakeholders.