Cboe
Chief Risk Officer
Chicago, IL · Exec · Full-time
No sponsorship$10k-$15kDetected 5 days ago
PythonGitSQLProduct ManagementProduct StrategyAuditingLoad TestingLeadershipCommunicationCollaborationCritical ThinkingPublic SpeakingInternal AuditRisk Modeling
About the role
- Cboe Clearinghouse is hiring a Chief Risk Officer to provide strategic leadership and oversight of the financial risk management function for the Clearinghouse.
- This role carries significant governance responsibility, reporting to the President, Cboe Clearing US, as well as to the Board of Directors and the Risk Management Committee of the Clearinghouse.
- Provide leadership for the growth and direction of the risk management function for the Clearinghouse while working collaboratively across teams to execute strategic initiatives
Responsibilities
- Develop the quantitative risk methodology and requirement for the Clearinghouse margin model, stress testing, and default manage ment in developing new products, ensuring risk methodologies remain sound and robust
- Conduct default management planning and testing in collaboration with clearing members and exchange liquidity providers; ensure the Clearinghouse maintains adequate resources to manage possible member defaults
- Lead Credit and Margin Committees and provide regular updates to the Board of Directors, Risk Management Committee, and other governing bodies
- Implement and manage the Enterprise Risk Management (ERM) program for the Clearinghouse and ensure operations comply with internal policies and applicable regulations
- Collaborate with second- and third-line departments - including the Chief Compliance Officer, Chief Information Security Officer, and Internal Audit - to develop and deploy ERM tools, practices, and policies for identifying, analyzing, and reporting enterprise risks
- Partner with sales and product teams to understand the product roadmap and strategic initiatives; develop strategies for the Clearinghouse to offer new products and services supported by robust risk modeling and monitoring systems
- Ensure the Clearinghouse maintains robust business continuity and disaster recovery processes, and coordinate testing of operational resiliency across business processes
- Design and enhance market, credit, and liquidity risk management frameworks and implement in accordance with regulatory and company requirements
- Liaison with CFTC, SEC, FINRA, and other regulators in their exams process, responding to various inquiries on new rules or methodologies, understanding the regulatory expectations and building frameworks to meet those requirements
Requirements
- 10-15 years of experience in trading, clearing, or capital markets risk management, or risk management technology
- Hands-on experience with post-trade operational workflows, FCM risk management, CCP risk management, or portfolio risk modeling for a trading business
Nice to have
- Bachelor's degree required
- Master's degree strongly preferred
Skills
- Experience operating within a well-defined governance framework, including reporting to a Board or Risk Committee
- Strong critical thinking skills with an interest in designing risk management governance frameworks across markets, funding, and credit
- A hands-on orientation with acute attention to detail; strong SQL, Python, and GitHub skills to effectively leverage existing tools
Compensation
- Salary Ranges (applicable for US locations only)
Visa & Work Authorization
- This position is not eligible for visa sponsorship.
This listing is sourced directly from Cboe's careers page and normalized into a canonical job model.