Risk Manager (Risk and Operations), United States

<h3>Responsibilities</h3><li><strong>Regulatory &amp; Clearing Compliance</strong></li><li>Enforce regulatory standards set by the CFTC, NFA, and applicable derivatives clearing organizations (DCOs).</li><li>Compile regulatory risk reporting, support risk attestations, and liaise during regulatory audits.<br><br>
</li><li><strong>Real-Time Risk &amp; Exposure Monitoring</strong></li><li>Monitor real-time and end-of-day risk exposures, client positions, and trading activities across all client futures accounts (equities and digital assets).</li><li>Identify, investigate, document, and escalate risk-limit breaches, abnormal trading activities, or position spikes in a timely manner to senior management.</li><li>Evaluate client margin adequacy, enforcing initial and maintenance margin requirements, intraday margin calls, and variation margin coverage.<br><br>
</li><li><strong>Frontline Risk Enforcement &amp; Execution Protocols</strong></li><li>Execute mandated risk escalation protocols, including placing trading restrictions, lowering credit limits, issuing margin calls, and executing partial or full account liquidations when accounts breach critical risk parameters.</li><li>Exercise swift, decisive, and authoritative judgment to execute trade halts and liquidations during periods of extreme market volatility.<br>Cover daily FCM risk management responsibilities, tracking intraday and end-of-day risk metrics across a multi-asset clearing ecosystem. Execute the risk escalation protocol on live accounts: issue margin calls, impose trading restrictions, lower credit limits, and carry out partial or full liquidations when accounts breach critical risk parameters.<br><br>
</li><li><strong>Pre-Trade Risk Controls &amp; Position Limit Management</strong></li><li>Oversee and calibrate pre-trade risk controls, firm-specific position limits, exchange-imposed accountability levels, and reportable position thresholds.</li><li>Enforce regulatory and exchange risk standards across client accounts and market-making portfolios.<br><br>
</li><li><strong>New Product Research &amp; Governance</strong></li><li>Evaluate risk implications, collateral requirements, and margin methodologies of new products, trading strategies, or client offerings prior to launch.</li><li>Collaborate with trading, operations, technology, and compliance teams to ensure appropriate risk control frameworks and DCO compliance are established.<br><br>
</li><li><strong>Client Onboarding</strong></li><li>Perform client onboarding risk assessments and conduct ongoing market, credit, and liquidity risk monitoring.</li><h3>Requirements</h3><li>5 to 10+ years of hands-on experience in risk management, trading, or derivatives operations (experience with an FCM, derivatives clearing firm, prime broker, or broker-dealer is a strong plus).</li><li>Title and level are set by experience; candidates at the senior end of the band will be considered for a Senior Risk Manager.</li><li>Degree or above in a quantitative discipline, with professional qualifications such as CFA and FRM an added advantage.</li><li>Proficient in Python and SQL is a strong plus.</li><li>Strong understanding of equities, commodity products, futures, perpetuals, and other derivatives, including their multi-asset pricing mechanics and funding rates.</li><li>Working knowledge of SPAN and portfolio-margining methodologies, and of how intraday and end-of-day margin calls are raised and met. Solid understanding of margin concepts, cross-margining efficiencies, liquidations, and direct trading experience (personal or professional).</li><li>Familiarity with CFTC, NFA, and SEC regulations is a strong plus.</li><li>Self-motivated, having the internal drive and motivation to begin and continue tasks independently without supervision.</li><li>A track record of making swift, decisive risk calls under pressure, including trade halts and liquidations during extreme market volatility.</li><li>Excellent written and verbal communication, with the ability to turn detailed risk metrics into clear summaries for senior leadership, clients, and regulators.</li>