Consultant - Market Risk

CME Group•Chicago, IL

About The Position

CME Group is launching a new Securities Clearing House, which will initially launch clearing services for cash treasuries as well as Bilateral Tri-party Repo. The candidate is responsible for daily monitoring of market risk and manage obligations in the event of a clearing member default. The candidate performs in-depth research and analysis of market, credit, and trading data to identify risks, develop mitigation processes, and present findings to senior management. The candidate performs daily assessments of market conditions and acts as the first line of defense against systemic, idiosyncratic and counterparty-specific risks. The role is also responsible for creating reports for internal governance committees, measuring key risks, and escalating issues as appropriate.

Requirements

Experienced in Excel, PowerPoint and Word
Bloomberg
Familiarity with relational databases (MS SQL, Oracle) and SQL
Ability to manipulate large data sets
Strong analytical, quantitative, and organizational skills
Knowledge of financial analysis at an intermediate level
Excellent written and verbal communication skills
Capability to work independently as well as in a team setting

Nice To Haves

Familiarity with derivatives and securities preferred

Responsibilities

Liaise with market risk, financial surveillance, and other departments to familiarize others with counterparty credit, liquidity, and collateral risk profiles
Perform daily procedures to monitor risk to the clearinghouse, including credit and liquidity stress testing, and escalate findings as necessary
Demonstrate a strong understanding of applicable regulations at both domestic and international level as well as have a firm grasp of applicable rules in the clearinghouse’s rule book
Use technical skills, including knowledge of programming and financial mathematics, to maintain models
Assist in preparing responses to ad hoc regulatory requests