Manager of Risk

Topstep

7d • $100,000 - $115,000 • Hybrid

About The Position

The Manager of Risk is a leadership role responsible for overseeing the Risk team and ensuring the trading operations are executed safely, efficiently, and in compliance with regulatory and internal standards. This role blends hands-on risk management with team leadership, providing strategic oversight while supporting our customers and internal processes. The ideal candidate is detail-oriented, decisive under pressure, and thrives in a fast-paced environment. They have deep knowledge of futures trading, strong decision-making skills, and are proficient with analytical tools and reporting platforms. The Manager of Risk champions a customer-centric approach while maintaining rigorous risk controls. They lead by example, ensuring swift and decisive action in response to operational challenges, risk events, or unusual account activity.

Requirements

• Bachelor’s degree, preferably in a related or equivalent field
• Advanced Excel Skills
• Experience working with professional financial institutions
• Experience in the trading industry - futures markets preferred
• Strong sense of accountability, integrity, and ethics.
• Excellent interpersonal skills: in person, on the phone, and via email
• Strong attention to detail

Nice To Haves

• Background in FCM or proprietary trading firm risk management.
• Familiarity with risk monitoring platforms (T4, CQG, TT, or similar).
• Series 3 license (or willingness to obtain).
• Experience leading system modernization or automation initiatives within a risk function.

Responsibilities

• Oversee daily operations of the Risk team, including account monitoring, margin enforcement, and liquidation supervision.
• Provide guidance, mentorship, and performance management to Risk Analysts, ensuring team adherence to policies and regulatory standards.
• Supervise customer activity for compliance with trading rules.
• Exercise sound judgment in adjusting risk parameters and making discretionary risk decisions.
• Develop and maintain relationships with brokerage and clearing partners to support smooth trading operations.
• Enforce trading rules, including prohibited conduct and gamification prevention.
• Monitor market conditions and account activity, communicating insights to leadership and recommending risk adjustments as needed.
• Support system integrity by ensuring all trading and risk monitoring systems operate effectively.
• Oversee maintenance and improvement of in-house risk tools and reporting dashboards.
• Compile and analyze data to support business decisions and identify trends or emerging risks.
• Ensure the team maintains audit-ready documentation and complies with applicable CFTC and NFA standards.

Benefits

• Topstep is an engaging working environment which ranges from fully remote to hybrid. We foster a culture of collaboration with cameras on during meetings and a robust Slack environment for communication.
• 10 Company paid Holidays and generous Family Leave. Paid time off is accrued monthly.
• Competitive 401(k) matching, health, dental, and vision insurance is offered for full time employees
• Vacations are encouraged with a bonus for taking 5 consecutive days. Employee referrals are bonused. Topstep offers a food and groceries budget and contributes towards health and wellness.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 51-100 employees