Quantitative Risk Management Group Manager

4 weeks ago


Chicago, Illinois, United States CME Group Full time
Job Summary

CME Group is seeking a highly skilled Quantitative Risk Management Group Manager to join our team in Chicago. As a key member of our Quantitative Risk Management department, you will be responsible for developing and implementing risk models that evaluate counterparty exposures to the Clearing House. Your expertise in pricing complex derivatives and performing advanced statistical analysis will be invaluable in this role.

Key Responsibilities
  • Develop and maintain risk models that meet the risk appetite of the organization, including pricing, value-at-risk, stress testing, and liquidity risk models.
  • Collaborate with cross-functional teams to design and implement risk management strategies that ensure the adequacy of margin coverage and model assumptions.
  • Conduct empirical studies and make recommendations on margin levels, modeling issues, and other risk-mitigation measures.
  • Develop and maintain tools for portfolio analytics and risk reporting.

Requirements
  • Master's or Doctorate degree in Computer Science, Financial Engineering, Financial/Applied/Pure Mathematics, Physics, or a related discipline.
  • 6+ years of experience in pricing complex derivatives and performing advanced statistical analysis.
  • Strong expertise in bond mathematics, fixed income pricing, and risk modeling.
  • Experience in developing risk models, including historical VaR, Monte Carlo VaR, multi-factor risk models, and stressed VaR.
  • Experience in providing theoretical justifications of risk models and developing risk model transparency and what-if analytics.

What We Offer
  • A dynamic and collaborative work environment.
  • Opportunities for professional growth and development.
  • A competitive salary and benefits package.

About CME Group

CME Group is the world's leading and most diverse derivatives marketplace. We are committed to providing our customers with the best possible trading experience and to being a leader in the derivatives industry. We are proud to be a part of the Chicago community and to be a major contributor to the city's economy.

  • Chicago, Illinois, United States CME Group Full time

    Job SummaryCME Group is seeking a highly skilled Quantitative Risk Management Leader to join our team in Chicago. As a key member of our Quantitative Risk Management department, you will be responsible for developing and implementing risk models that evaluate counterparty exposures to the Clearing House. Your expertise in pricing complex derivatives and...

  • Quantitative Trader

    3 weeks ago


    Chicago, Illinois, United States TransMarket Group Full time

    Quantitative Trader RoleWe are seeking a highly skilled Quantitative Trader to join our team at TransMarket Group. As a Quantitative Trader, you will be responsible for managing risk and making data-driven decisions in the financial markets.Key Responsibilities:Partner with Senior Traders to assist in and learn all facets of tradingDevelop expertise in...

  • Quantitative Trader

    3 weeks ago


    Chicago, Illinois, United States TransMarket Group Full time

    Role OverviewTransMarket Group is seeking a highly skilled Junior Quantitative Trader to join our team in Chicago. As a Junior Quantitative Trader, you will be responsible for working with Senior Traders to assist in and learn all facets of trading, including relative value market fundamentals, quantitative modeling, and risk management. You will also be...


  • Chicago, Illinois, United States CME Group Full time

    Job SummaryThis is a challenging opportunity to lead the development of risk models and pricing strategies for CME Group's derivatives marketplace. As a Quantitative Risk Management Leader, you will be responsible for designing and implementing risk models that evaluate counterparty exposures and ensure the adequacy of margin coverage. You will work closely...


  • Chicago, Illinois, United States BMO Financial Group Full time

    Job DescriptionJob Title: Quantitative Risk Modeling and Analytics ExpertJob Summary: We are seeking a highly skilled Quantitative Risk Modeling and Analytics Expert to join our team at BMO Financial Group. As a key member of our risk management team, you will be responsible for developing and implementing quantitative risk models to help us make informed...


  • Chicago, Illinois, United States BMO Full time

    Job Summary:We are seeking a highly skilled Quantitative Risk Analyst to join our team at BMO. As a key member of our risk management team, you will be responsible for applying mathematical and statistical methods to financial and risk management problems.Key Responsibilities:Develops pricing and quantitative risk models for assigned portfolios.Monitors risk...


  • Chicago, Illinois, United States BMO Financial Group Full time

    Job Summary:We are seeking a highly skilled Quantitative Risk Modeling and Analytics Professional to join our team at BMO Financial Group. As a key member of our risk management team, you will be responsible for developing and implementing quantitative risk models to help us make informed business decisions.Key Responsibilities:Develop and maintain...


  • Chicago, Illinois, United States BMO Financial Group Full time

    Job SummaryWe are seeking a highly skilled Risk Modeling and Analytics Manager to join our team at BMO Financial Group. As a key member of our risk management team, you will be responsible for applying mathematical and statistical methods to financial and risk management problems.Key ResponsibilitiesDevelop and implement quantitative risk models for assigned...


  • Chicago, Illinois, United States CME Group Full time

    Credit Risk Management RoleThe Credit Risk Associate will be responsible for identifying, evaluating, and monitoring key credit risks related to CME's counterparties and exposures for securities clearing. The primary responsibilities of the Associate are to assess credit risks related to counterparties and exposures and develop key risk methodologies and...

  • Quantitative Trader

    4 weeks ago


    Chicago, Illinois, United States TransMarket Group Full time

    About UsTransMarket Group is a privately held global markets proprietary trading firm in Chicago, founded in 1980 as Aardvark Financial. We leverage next-generation technology to capture opportunities and manage risk in financial markets, with a mission to bless others through our services and generous stewardship of wealth.Job DescriptionWe are seeking a...


  • Chicago, Illinois, United States Argo Group Full time

    Job Opportunity at Argo GroupArgo Group is a leading provider of specialty insurance products, with a strong focus on innovation and customer satisfaction. We are seeking a highly skilled Insurance Risk Manager to join our team.The successful candidate will be responsible for monitoring and assessing insurance risks within the Argo Group, working closely...


  • Chicago, Illinois, United States TransMarket Group Full time

    We are seeking a highly motivated and detail-oriented Quantitative Trader Intern to join our team at TransMarket Group.As a Quantitative Trader Intern, you will be responsible for developing expertise in relative value market fundamentals, quantitative modeling, and risk management.You will work closely with Junior and Senior Traders to learn, assist, and...


  • Chicago, Illinois, United States BMO Financial Group Full time

    Job Summary:We are seeking a highly skilled Senior Quantitative Analyst to join our team at BMO Financial Group. As a Senior Quantitative Analyst, you will be responsible for applying mathematical and statistical methods to financial and risk management problems.Key Responsibilities:Develop and implement quantitative models to analyze and manage financial...


  • Chicago, Illinois, United States Argo Group Full time

    Job DescriptionArgo Group is a leading specialty insurance company that values a vibrant culture built on respect, equality, wellness, and opportunity. We are an innovative organization that is agile and big enough to make a difference in our industry.Key ResponsibilitiesMonitor and assess insurance risks within the Argo Group.Design and maintain key risk...


  • Chicago, Illinois, United States OCC Full time

    About UsThe Options Clearing Corporation (OCC) is a leading provider of clearing and settlement services for options, futures, and securities lending transactions. With over 100 clearing members and 19 exchanges and trading platforms, OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading...


  • Chicago, Illinois, United States Argonaut Management Services, Inc Full time

    Job Title: Insurance Risk ManagerArgo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness, and opportunity. We're an innovative organization that's small enough to be agile and big enough to make a difference in our industry.Our flexible workplace is continuously evolving to ensure all employees feel...


  • Chicago, Illinois, United States Algo Capital Group Full time

    Drive Innovation in Volatility TradingAlgo Capital Group is seeking a seasoned Lead Quantitative Researcher to spearhead the development of cutting-edge systematic volatility trading strategies. As a key member of our dynamic team, you will be responsible for generating consistent alpha while managing risk and optimizing strategy performance.Main...


  • Chicago, Illinois, United States Roy Talman & Associates Full time

    Portfolio Management RoleThe Portfolio Manager will be responsible for overseeing the day-to-day trading operations for one or more automated trading portfolios. This includes monitoring and evaluating portfolio profitability, managing risk and capital usage, and working with trade desk operations to ensure well-defined procedures are in place.Key...


  • Chicago, Illinois, United States TransMarket Group Full time

    Join Our Team of Quantitative TradersAt TransMarket Group, we are a privately held global markets proprietary trading firm in Chicago, dedicated to using next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to provide exceptional services and generate wealth through responsible...


  • Chicago, Illinois, United States Argo Group Full time

    Insurance Risk Manager Job DescriptionArgo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness, and opportunity. We're an innovative organization that's small enough to be agile and big enough to make a difference in our industry.Our flexible workplace is continuously evolving to ensure all employees feel...