Risk Manager

Building trusted markets — powered by our people       At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide   the financial   infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.        We’re   building meaningful ways to support professional and personal development while strengthening the trust   we’ve   earned as a global market leader. Our teams are empowered to share ideas, actively pursue   them   and bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to “go for it” and equip our managers with the training to coach their teams to the next level. We strive to   provide   employees a safe space to network, share ideas and create opportunities.       To support strong partnership and team connection, this role follows a four day in office work model.     Location Overview   Cboe HQ   is   located in   the historic Old Post Office district, i t’ s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River.     With its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants,   a   fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.

Description Cboe Clear U.S. operates a CFTC-registered Derivatives Clearing Organization offering digital assets futures and is pending registration as an SEC Covered Clearing Agency to clear novel Binary KPI Options. We are looking for a Risk Manager to join our growing Risk Management team. This position will report directly to the Chief Risk Officer.

Clearing Member Onboarding Oversee the financial and operational reviews of Futures Clearing Member and Broker Dealer Clearing Member applicants. Ensure applicants’ risk management policies and procedures are appropriate for the risks presented by the applicant’s various business lines. Determine post-trade thresholds specific to each Clearing Member by regulatory origin based on the entity’s financial condition.   Prepare memos with recommendations based on observations from supporting documentation provided as a part of the application to internal and board-level committees. Ongoing Monitoring Review daily exposure reports to identify positions that may present outsized or concentrated exposures compared to Clearing Members’ financial resources. Monitor intraday alerts and determine appropriate follow-up with risk management personnel at the Clearing Member based on the underlying positions, current threshold, and most current financial information.   Maintain a Python codebase used to validate mid-day and end-of-day initial margin requirements are calculated accurately, the margin model is updated successfully based on current closing prices, and SPAN files are generated and distributed successfully.   Complete reviews of daily and monthly financial and notice filings to maintain a current risk profile for each Clearing Member based on changes to business lines, customer activity, and financial condition. Based on the results of these reviews, determine whether any protective measures or enhanced monitoring should be imposed. Default Management Coordinate tests of the Clearinghouse’s Default Management Plan by ensuring Clearing Members participate in the tests and all steps are