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Quantitative Risk Management Analyst

2 months ago

Chicago, United States The Chicago Board Options Exchange Full time
Job Description

Building trusted markets - powered by our people.

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.

We're building inclusive ways to support professional and personal development while strengthening the trust we've earned as a global market leader. Our teams are empowered to share ideas, actively pursue them and bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to "go for it" and equip our managers with the training to coach their teams to the next level. Our Associate Resource Groups champion diversity, equity and inclusion, giving employees a safe space to network, share ideas and create opportunities.

Sound like the place for you? Join us

The Risk Management team is hiring for a Quantitative Risk Analyst.

Cboe Global Markets is looking for a Quantitative Risk Management Analyst who will be reporting directly to the Chief Risk Officer. The role will primarily focus on financial risk management (market, credit, liquidity and settlement) but may cross-over occasionally to operational risk management as those risks impact the organization's financial resources.

The Quantitative Risk Management Analyst is expected to integrate into the Risk Management team and assist in general operations such as monitoring and reviewing of various risk reports, alerts and other processes. Furthermore, the individual is expected to contribute to improving existing processes, reports and documentation to enable Cboe Clear Digital to continue its growth trajectory of offering new products and services to the clearing membership. This would include performing analytics of various data sets (for example Member trading activity and limits usage, market volume and market share), designing risk management rules, calculations and dashboards and communicating to senior management.

The candidate is expected to be proficient in the use of tools such as Python (for data analytics and automation of routine reports), Excel, and data visualization tools. The candidate will have exposure and opportunity to learn about the business and incorporate new innovative ideas to drive operational efficiencies from the bottom up.

Your responsibilities will be:

  • Review automated reports, alerts and processes and follow documented procedures when alerts are triggered. Improve existing processes and develop new ones where necessary. Introduce automation of routine tasks.
  • Assist in creating actionable KRIs, dashboards and alerts. Help develop new tools to manage and scale different business segments while operating within approved risk mandates.
  • Create reports and slides for regularly scheduled and ad-hoc meetings and be able to explain complex subject matter to audiences with different levels of familiarity.
  • Work across different teams to understand new business initiatives and their impact on the clearinghouse's risk management efforts.
  • Perform periodic risk reviews including reaching out to Clearing Members and requesting updated documentation.
  • Help with ad-hoc data analysis and research.
  • Help with basic QA testing of risk models and reports by running Python code locally and verifying various outputs. Assist in documentation of risk reports and processes.
  • Assist in non-financial risk items such as BCP/DR planning and testing, operational risk assessments, periodic internal reviews, and business risks assessments.
  • Must be able to maintain a high level of confidentiality and uphold strong ethical standards.
  • Unwavering commitment to co-operative and a collaborative working environment.
  • Strong commitment to deliver tasks and resolve problems.
  • Have strong analytical and problem-solving skills with outstanding attention to detail.
The ideal candidate has:
  • Experience in a risk management role (market or credit risk) at a financial services firm (Clearinghouse, Proprietary Trading, Investment Firm, Bank, or FCM).
  • Experience and knowledge of capital and derivatives market and products.
  • Knowledge of market risk management topics such as Value at Risk (VaR) calculation, stress testing, and/or portfolio risk evaluation.
  • Programming and data analysis skills in Python and SQL. A Python test will be conducted.
  • Experience with data visualization and reporting tools such as Power BI or Tableau.
  • Interest and some background in Finance, Investments, or Economics. Basic understanding of cryptocurrencies would be a plus.
  • Extreme attention to detail and organizational skills.
  • Ability to manage multiple tasks with competing deadlines in a fast-paced environment.
  • Minimum Years of Work Experience: 2+ years
  • Minimum Education Requirement: Bachelor's degree in STEM
You'll really stand out with:
  • Master's degree in STEM or related discipline
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:
  • Complimentary lunch, snacks and coffee in any Cboe office
  • Paid Tuition assistance and education opportunities
  • Generous charitable giving company match
  • Paid parental leave and fertility benefits
  • On-site gyms and discounts to other fitness centers


More About Cboe Global Markets

We're reimagining the future of the workplace by focusing on what matters most, our people. Our journey is an inclusive one. We're investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed. We celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging.

We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We're an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.

Learn more about life at Cboe on our website and LinkedIn.

Equal Employment Opportunity

We're proud to be an equal opportunity employer - and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status.

#LI-CP1

Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.