Assistant Vice President, Market Risk Manager

Winner of Built In’s 2024 Best Places to Work

About ABN AMRO Clearing USA LLC:

ABN AMRO Clearing USA LLC (AAC-USA) is a subsidiary of ABN AMRO Clearing Bank N.V. We are a global clearing firm that provides an integrated suite of financial services to professional trading participants in the global financial market.

The core service offering consists of clearing, execution, stock borrowing and lending, settlement. AAC-USA has a Global Reach through direct and indirect clearing memberships to over 90 of the world’s leading exchanges. Our international network provides comprehensive market access to exchange-listed instruments such as stocks, futures, and options. ABN AMRO Clearing USA LLC-Member FINRA, NFA, FIA and SIPC.

Team Overview:

The Risk Management department ensures market surveillance and market, credit, operational and enterprise risks of AAC-USA are managed in line with the regulations and risk appetite. The department creates a culture and framework of risk awareness in order to achieve a sustainable profitable growth, building and keeping the trust and confidence of all stakeholders (clients, regulators, shareholders).

The Market Risk team serves as a key second line of defense element within AAC-USA’s risk management framework. The team continuously monitors client portfolios in order to ensure that exposures remain consistent with approved parameters and firm policies.

Job Overview:

The Market Risk Manager role includes responsibility for a variety of daily tasks and procedures, as well as project-oriented activities meant to improve and enhance AAC-USA’s ability to protect itself and its clients. A successful candidate should exhibit excellent communication skills, be motivated toward continuous learning and professional growth, and should take a keen interest in understanding client trading strategies and global financial markets generally.

This is a hybrid role based in other Chicago office, with a min of 3 days a week in office required.

Responsibilities:

• Support the Market Risk 2nd Line of Defense functions according to the firm’s established risk policies and reporting guidelines
• Monitor client portfolios to identify potential risks and enforce risk parameters
• Handle client communication regarding risk breaches and any potential market risk related topics; understand risk models and communicate risk drivers effectively to various stakeholders
• Maintain familiarity with a broad range of markets and products globally through interactions with clients, market venues and other risk professionals
• Contribute to constant improvement in our approach by making recommendations to enhance our market risk practices, and work on projects and development tasks as assigned by senior management
• Champion improvements and developments of our proprietary risk model, as well as various systems and tools used by the global market risk teams
• Follow and promote the Company’s established risk governance & policies, Standard Operating Procedures and guidelines
• Execute operational processes and seek efficiency through automation and application developments
• Provide market risk analysis and recommendations; support the Head of Market Risk in day-to-day tasks, as needed

Requirements

• 5+ years of experience in Risk Management or Finance; experience working for an Futures Commissions Merchant, Broker Dealer and/or Proprietary Trading firm preferred
• Bachelor’s Degree in Finance, Economics, Math etc.
• FINRA Series 7 (or ability to obtain within 90 days of start date) required
• Experience with financial markets and products including Commodity Futures and options and their associated risks; experience with listed energy derivatives preferred (CME, ICE)
• Knowledge of exchange margining methodologies and regulations such as SPAN, SPAN2.0 and other risk model frameworks (VaR)
• Ability to build sound relationships with clients and understand their trading strategies
• Strong analytical skills, critical thinking and problem solving skills
• Ability to multi-task and set priorities in a fast-paced environment while working within a collaborative team

Preferred Skills:

• Familiarity programming languages (e.g., Python, R, SQL)

Perks and Benefits:

As a global leader in financial services, we rely on our employees to deliver their best work for our clients. We invest in our employees by offering a host of benefits and perks.

• Flexible hybrid work schedules (generally a minimum of three days per week onsite) with a one-time stipend to help improve hybrid working capabilities
• Generous paid time off, sick days, market-based holiday schedule, sabbatical leave, parental/bonding leave plan and volunteer day off
• Competitive health benefit offerings, including choice of medical plans through BCBS-IL, dental plan, vision and flexible spending accounts
• Complimentary annual membership to One Medical, a dedicated EAP and a benefits concierge service
• Employer paid benefits such as term life, AD&D and disability insurance
• Robust 401(k) Plan with a generous match and vesting schedule
• Annual learning stipend and tuition assistance program to help employees pursue additional education
• Company-issued laptops and role dependent mobile stipend
• Corporate Divvy memberships and pre-tax commuter benefits
• Monthly wellness subsidy available to be used towards wellness and fitness activities
• Regular, open communication including monthly Town Hall meetings with the Management Team
• A matrixed, culture-based organization with collaborative teams that promote diversity, equity and inclusion
• Free coffee & tea, fresh fruit and snacks, “bagel Wednesday” and monthly treats to celebrate workiversaries and birthdays
• Employee-led committees to bring awareness and inclusive activities to our employees
• Modern open office with a large kitchen/meeting gathering area – including foosball and ping pong tables
• Private, well-equipped Mother’s room
• Office is conveniently located in the Chicago Loop Financial District – close to CTA and Metra
• Well-maintained building (an architectural “masterpiece”) and a part of Chicago history – with a robust business center, gym, restaurants, café, game room and a shared rooftop terrace with green space

This information is intended as a summary of potential benefits only. Eligibility for the plans and programs listed here depends on the nature of employment, length of service and other factors. Actual coverage is governed by supporting summary plan descriptions and related policies.

ABN AMRO Clearing USA (AAC-USA) is proud to be an equal opportunity employer. AAC-USA celebrates diversity and does not discriminate on the basis of actual or perceived race, creed, color, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, veteran status, sexual orientation, status as a victim of domestic violence, sex offenses or stalking, genetic predisposition or carrier status, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.

We cultivate a culture of inclusion for all employees that respects individual strengths, views and experiences. We believe that our differences enable us to be a better and stronger team – one that makes better decisions and delivers better business results. AAC-USA participates in the E-Verify program in the US.