VP Derivatives Pricing Risk Management

A Leading Financial Organization is seeking to hire a Vice President into its Pricing Risk Management team in Chicago. This individual will play a critical role in overseeing pricing, margin, and collateral risk processes that support the firm's clearing operations, regulatory programs, and risk management framework across listed derivatives and securities products.

The team is responsible for ensuring the integrity of market data, derivative valuations, customer margin methodologies, collateral haircuts, and risk parameters used to protect the financial system during periods of market stress. This role offers significant exposure to derivatives markets, clearing risk, margin methodologies, regulatory initiatives, and risk analytics while partnering closely with Quantitative Risk, Technology, Regulatory Affairs, and Clearing Member stakeholders. This is an excellent opportunity for a risk professional looking to combine quantitative analysis, market risk expertise, and leadership responsibilities within a systemically important financial institution.

Responsibilities:

• Oversee the analysis, validation, and approval of pricing data, market valuations, and risk inputs used for margin calculations, model calibration, and clearing processes across equities, futures, options, and other derivative products.
• Support the administration and enhancement of regulatory margin and haircut programs, including customer portfolio margin, risk-based haircut methodologies, and SPAN-related frameworks, ensuring compliance with SEC and CFTC requirements.
• Monitor, analyze, and recalibrate risk model parameters, collateral haircuts, and market risk assumptions to maintain the effectiveness of margin and risk management methodologies.
• Partner with Risk Management, Quantitative Analytics, Technology, and external stakeholders to support risk model enhancements, system improvements, and the resolution of pricing, valuation, and market data issues.
• Lead process improvement initiatives, prepare risk analysis for senior management, regulators, and clearing members, and serve as a subject matter expert for key risk models and regulatory programs.

Qualifications:

• 5+ years of experience in Risk Management, Margin Methodology, Market Risk, Clearing Risk, Derivatives Operations, Quantitative Analytics, or a related financial markets function.
• Strong understanding of derivatives markets, option valuation, futures products, collateral management, margin methodologies, and risk measurement concepts such as VaR and Expected Shortfall.
• Experience performing market data analysis, pricing validation, parameter calibration, reconciliation, risk analytics, and large-scale data review within a regulated financial environment.
• Demonstrated ability to work with cross-functional teams, support risk technology initiatives, challenge methodologies, and drive enhancements to risk management processes and controls.
• Strong communication and presentation skills, with experience interacting with senior management, clearing members, regulators, and other external stakeholders while producing high-quality documentation and analysis.