Head of Risk Management
An innovative startup Derivatives Clearing House + Exchange is hiring a Head of Risk to design, build, and grow the risk function from the ground up.
From a risk perspective, this individual must be well rounded when it comes to market, counterparty, liquidity, credit, and operational risk management. Given the fast paced, startup nature of the firm, candidates need to thrive in a greenfield environment and must do, not delegate.
This hire must be a hands-on leader, and will join a lean management team based in either Chicago and New York. You'll hit the ground running on day one. You will be setting the firmwide risk appetite and driving strategy around trading and clearing of innovative new derivative products, focused on energy markets.
The ideal candidate has a deep understanding of margin methodologies and frameworks and building out margin requirements, working with a variety of trading counterparties. Quantitative skills and strong knowledge on the counterparty risk + margin side are required to lay out the strategic vision and enable the business to expand in this niche space. More important than just design is execution - this individual should have experience working closely with margin model developers and onboarding new trading counterparties.
It's a cross-functional role, so it's essential to bring broad experience across prime brokerage, counterparty risk management, exchange operations, futures clearing, and both exchange-traded and OTC derivatives margin modelling.
Requirements:
- 10+ years of experience at an exchange, clearing house, prime broker (bank or non-bank), trading firm, or hedge fund
- Expertise in exchange traded and OTC derivatives trading + clearing
- Experience setting margin methodology for regulatory and house margin requirements, collateral management, margin calls, and margin modelling
- Ideal product expertise on US Power, Natural Gas, and other energy derivatives (futures, swaps, options on futures)
- Strong counterparty relationships with major market participants
- Proficiency in Python/SQL
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