Senior Risk Management Executive

3 weeks ago


Chicago, Illinois, United States Blackwomenintech Full time
Role Summary

We are seeking an experienced Senior Risk Management Executive to lead our Credit Risk Management team at Blackwomenintech. This role will be responsible for safeguarding the company by ensuring that we only admit and transact with clearing members and other counterparties that are financially and operationally sound.

Key Responsibilities
  1. Supervise a Team of Credit Risk Professionals: Oversee, monitor, and manage a team of credit risk professionals engaged in evaluating the ongoing creditworthiness of counterparties and their compliance with regulatory requirements.
  2. Evaluate Counterparty Credit Analysis: Critically assess counterparty credit analysis, including a deep understanding of CAMEL(S) rating methodologies and industry-accepted credit rating methodologies.
  3. Provide Expert Credit Input: Provide expert credit input and effective challenge on all requests for new or expanded clearing member and other counterparty relationships, including recommendations for protective covenants where necessary.
  4. Lead Regulatory Interactions: Lead interactions with regulators, exchanges, and other external parties on all formal exams of the CRM department or ongoing requests for information.
  5. Develop Risk Management Policies: Formulate risk management policies consistent with risk management best practices.
Requirements
  • Strong Leadership Skills: Proven leadership and supervisory abilities, with experience leading a team of experienced individuals and analysts.
  • Deep Understanding of Risk Management: Broad knowledge in mathematical finance, financial econometrics, derivative instruments, numerical methods, mathematical programming, risk management, with specialist expertise in several of these areas.
  • Excellent Communication Skills: Strong oral and written communication and presentation skills with both business and quantitative departments.
  • Certifications: CFA or FRM certification is preferred.
About Us

Blackwomenintech is a leader in providing clearing and settlement services for options, futures, and securities lending transactions. We operate under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System.



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