Market Risk Manager at Paul Murphy Associates

Title: Market Risk Manager

Location: Chicago, IL (Loop) - Hybrid

Full time

Our client seeks a Market Risk Manager who will be responsible for a variety of daily tasks and procedures, as well as project-oriented activities meant to improve and enhance the firm’s ability to protect itself and its clients.

Responsibilities:

• Support the Market Risk 2nd Line of Defense functions according to the firm’s established risk policies and reporting guidelines
• Monitor client portfolios to identify potential risks and enforce risk parameters
• Handle client communication regarding risk breaches and any potential market risk related topics; understand risk models and communicate risk drivers effectively to various stakeholders
• Maintain familiarity with a broad range of markets and products globally through interactions with clients, market venues and other risk professionals
• Contribute to constant improvement in approach by making recommendations to enhance market risk practices, and work on projects and development tasks as assigned by senior management
• Champion improvements and developments of their proprietary risk model, as well as various systems and tools used by the global market risk teams
• Follow and promote the Company’s established risk governance & policies, Standard Operating Procedures and guidelines
• Execute operational processes and seek efficiency through automation and application developments
• Provide market risk analysis and recommendations; support the Head of Market Risk in day-to-day tasks, as needed

Requirements

• 5+ years of experience in Risk Management or Finance; experience working for an Futures Commissions Merchant, Broker Dealer and/or Proprietary Trading firm preferred
• Bachelor’s Degree in Finance, Math, Computer Science, IT or other technical field
• Experience with financial markets and products including Commodity Futures and options and their associated risks; experience with listed energy derivatives preferred (CME, ICE)
• Knowledge of exchange margining methodologies and regulations such as SPAN, SPAN2.0 and other risk model frameworks (VaR)
• Ability to build sound relationships with clients and understand their trading strategies
• Strong analytical skills, critical thinking and problem solving skills
• Ability to multi-task and set priorities in a fast-paced environment while working within a collaborative team
• Comfort with and ability to master various computer systems and software applications; Proficiency with programming languages (e.g., Python, R, SQL); Excellent understanding of relational databases and data architecture
• FINRA Series 7 (or ability to obtain within 90 days of start date) required