Quantitative Risk Management Lead
1 day ago
CME Group, the world's leading derivatives exchange, is seeking an experienced Quantitative Risk Management Lead to join its CME Clearing team.
The successful candidate will be responsible for developing advanced risk models that evaluate counterparty exposures to the clearing house. This includes models related to pricing, value-at-risk, stress testing, liquidity, and regulatory capital. Additionally, they will develop tools for portfolio analytics and work with stakeholders to back-test models and ensure margin coverage adequacy.
Key responsibilities include:
- Conducting empirical studies to inform margin levels, modeling issues, and risk mitigation strategies
- Designing and developing pricing and risk models across various asset classes, including fixed income, cash, and derivatives
- Evaluating risk models against risk appetite and ensuring transparency, replicability, and what-if capabilities
- Collaborating with developers and technology teams to deploy, test, and improve models within the production infrastructure
Requirements:
- Mastery of probability theory, statistics, numerical methods, and financial mathematics
- Strong programming skills in languages such as C++, Java, and Python
- Experience with risk modeling, model evaluation, and transparency
- Excellent communication and stakeholder management skills
This role offers a unique opportunity to contribute to the development of cutting-edge risk models and collaborate with a talented team of professionals. If you are a motivated and detail-oriented individual with a passion for quantitative risk management, we encourage you to apply.
Estimated Salary: $180,000 - $250,000 per year
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