The Market Risk Manager's role is to manage and mitigate risks within the clearing house through effective and timely communication of pertinent monitoring and validation analysis. The successful candidate will become a subject matter expert in Clearing House risk systems to prevent risk in coordination with Clearing House Risk Senior Management. Additionally, the Market Risk Manager will support the development and maintenance of the CME Clearing risk management framework.
What You'll Do:
Prepare, coordinate and lead reviews of clearing firms and their risk management function
Serve as an expert on CME Market Risk practices and principles, alongside systems and tools for capturing and monitoring risk at the clearing house, including SPAN and SPAN2
Monitor markets on an ongoing basis and take appropriate actions to manage the risk, including the reviewing and adjusting of margin requirements in the SPAN and SPAN2 margin frameworks.
Produce timely reports and analysis for Clearing House Risk Senior Management on an ongoing basis and in response to market events that impact CME markets.
Work on ad-hoc data analysis projects as required by Clearing House or wider business, including requests from regulatory bodies (such as the CFTC), presenting findings to Senior Management and regulators as required.
Serve as a Market Risk leader on projects, working with the rest of the team and with the wider clearing house to both enhance existing systems and assist in the development and implementation of market risk measurement strategies.
Contribute to the growth and development of junior team members through sharing of knowledge and experience, professional feedback and delegation.
What You'll Need:
BA or BS, MBA a plus.
6-8+ years’ experience involved in a risk management, mid-office, or related area, preferably in Energy, Metals, Agriculture markets.
Strong quantitative, analytical and problem solving skills as well as strong oral and written communication skills are required
People management experience is a plus.
Working knowledge of SQL and/or Python as well as AI tools is a plus.
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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 ranges for this role based on location are: Chicago: $138,800-$231,300 New York/New Jersey: $152,600-$254,300. 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 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' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we 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.
Skills Required
- Bachelor’s degree in any field, such as a BA or BS
- 6–8+ years of experience in risk management, mid-office, or a related area
- Strong quantitative, analytical, and problem-solving skills
- Strong oral and written communication skills
- Experience in Energy, Metals, or Agriculture markets
- People management experience
- MBA
- Working knowledge of SQL and/or Python and AI tools
CME Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CME Group and has not been reviewed or approved by CME Group.
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Retirement Support — U.S. offerings include both a 401(k) and a company-funded cash-balance pension, strengthening long-term financial security. This dual-track structure is highlighted as a notable differentiator among private employers.
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Leave & Time Off Breadth — PTO and holiday schedules are described as generous, with ample time off and carryover commonly highlighted. This breadth of leave meaningfully enhances perceived total rewards.
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Flexible Benefits — A flexible, hybrid work model applies to many roles, increasing day-to-day usability of the package. Flexibility is framed as a standard feature rather than an exception.
CME Group Insights
What We Do
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing provider in the world, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
