Liquidity Risk Associate (Multiple Openings)
About The Position
Assess and monitor market conditions that impact CME’s risk exposures, focusing on liquidity risk. Liaise with Market Risk, Financial Surveillance, Credit, Collateral, Policy, and Quant teams to ensure effective oversight of counterparty credit, liquidity, and collateral risk profiles. Perform daily liquidity risk monitoring procedures, conduct liquidity stress testing, and escalate findings, as necessary. Maintain deep expertise in liquidity risk, relevant domestic and international regulations, and Clearinghouse rulebook requirements. Develop, automate, and enhance quantitative models and risk monitoring tools, as well as maintain and improve existing systems. Respond to regulatory requests, support mandatory reporting, and prepare submissions for external inquiries. Contribute to developing new risk models, improving system functionality, and executing quantitative analyses in support of various risk initiatives. Create and present reports for CME clearing’s internal governance committees, measure CME clearing’s key risks and escalate issues as appropriate. Telecommuting permitted on a hybrid schedule as determined by the employer.
Requirements
- Master’s degree in Financial Mathematics, Applied Mathematics, Economics, Finance, or a related field
- 24 months of experience as a Financial Quantitative Analyst, or a related occupation
- Two (2) years of experience with/in: Handling margin setting, modeling issues, and other risk-mitigation measures
- Two (2) years of experience with/in: Bloomberg
- Two (2) years of experience with/in: At least three (3) of the following programming languages, C++, C#, R, Python, and/or Java
- Two (2) years of experience with/in: Relational databases including, MS SQL/Oracle and SQL
- Two (2) years of experience with/in: Pricing complex derivatives and performing advanced statistical analysis on underlying risk factors such as returns’ distribution, volatility, and correlations
- Two (2) years of experience with/in: Manipulating and interpreting large data sets, including creating visualizations using tools such as Tableau or Looker
- Two (2) years of experience with/in: Statistical modeling techniques including VaR, EVT, and GARCH
- Two (2) years of experience with/in: Financial and Quantitative Analysis
Responsibilities
- Assess and monitor market conditions that impact CME’s risk exposures, focusing on liquidity risk.
- Liaise with Market Risk, Financial Surveillance, Credit, Collateral, Policy, and Quant teams to ensure effective oversight of counterparty credit, liquidity, and collateral risk profiles.
- Perform daily liquidity risk monitoring procedures.
- Conduct liquidity stress testing.
- Escalate findings, as necessary.
- Maintain deep expertise in liquidity risk, relevant domestic and international regulations, and Clearinghouse rulebook requirements.
- Develop, automate, and enhance quantitative models and risk monitoring tools.
- Maintain and improve existing systems.
- Respond to regulatory requests.
- Support mandatory reporting.
- Prepare submissions for external inquiries.
- Contribute to developing new risk models.
- Improve system functionality.
- Execute quantitative analyses in support of various risk initiatives.
- Create and present reports for CME clearing’s internal governance committees.
- Measure CME clearing’s key risks.
- Escalate issues as appropriate.
Benefits
- Standard company benefits
- Annual target bonus opportunity
- Broad-based equity program
- Comprehensive health coverage
- Retirement package that includes both a 401(k) and an active pension plan
- Highly competitive education reimbursement provisions
- Paid time off
- Mental health benefit
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
