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Quantitative Risk Manager (Multiple Positions)
Chicago, IL
Job Description
Quantitative Risk Manager (Multiple Positions), Chicago Mercantile Exchange Inc., Chicago, IL. Mentor a team of Quantitative Analysts in research and development of risk management model covering various asset classes, including models related to Value-at-Risk, stress test and liquidity risk. Lead projects in financial derivatives pricing, data cleansing and analytics, including sensitivity analysis (such as option Greeks, risk factor and parameter analysis), scenario analysis, and other relevant data analysis. Review analysts' analysis on margin levels and/or other risk measurements (such as VaR and/or stress tests) as well as model issues. Lead effort in model validation and manage a team to monitor a range of risk metrics ensuring model coverage in production. Lead effort in model deployment, testing and continuous improvement. Lead effort in model implementation and manage team to provide on-going production support. Present results to Senior Management and/or Risk Committees.
40 hrs/week, Mon-Fri, 8:30 a.m. - 5:30 p.m.
MINIMUM REQUIREMENTS:
Master’s degree or foreign equivalent degree in Finance, Mathematics, Economics, Statistics, Engineering, Business Administration, or a related field, and three (3) years of related work experience.
Must have three (3) years of experience with/in:
· Working in risk for over-the-counter markets or exchange traded asset classes;
· Pricing complex derivatives and performing advanced statistical analysis on underlying risk factors;
Must have two (2) years of experience with/in:
· Developing risk models such as Historical VaR, Monte Carlo VaR, Multi-Factor Risk Models, Stressed VaR, or Liquidity Risk models;
· Using programming languages such as C++/C#, R, Python, VBA, or SQL; and
· Providing theoretical justifications of Risk Models.
Must have experience with/in:
· Leading projects in risk management or related areas; and
· Probability theory and stochastic processes.
Up to 5% domestic and/or international travel required.
To apply, please email resume to: Careers@cmegroup.com and reference: IL0130.
40 hrs/week, Mon-Fri, 8:30 a.m. - 5:30 p.m.
MINIMUM REQUIREMENTS:
Master’s degree or foreign equivalent degree in Finance, Mathematics, Economics, Statistics, Engineering, Business Administration, or a related field, and three (3) years of related work experience.
Must have three (3) years of experience with/in:
· Working in risk for over-the-counter markets or exchange traded asset classes;
· Pricing complex derivatives and performing advanced statistical analysis on underlying risk factors;
Must have two (2) years of experience with/in:
· Developing risk models such as Historical VaR, Monte Carlo VaR, Multi-Factor Risk Models, Stressed VaR, or Liquidity Risk models;
· Using programming languages such as C++/C#, R, Python, VBA, or SQL; and
· Providing theoretical justifications of Risk Models.
Must have experience with/in:
· Leading projects in risk management or related areas; and
· Probability theory and stochastic processes.
Up to 5% domestic and/or international travel required.
To apply, please email resume to: Careers@cmegroup.com and reference: IL0130.
Job Summary
Company
Chicago Mercantile Exchange, Inc.
Start Date
n/a
Employment Term and Type
Regular, Full Time
Hours per Week
40
Work Hours (i.e. shift)
M-F
Required Education
Master's Degree
Required Experience
3 years
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