Risk Manager (Risk and Operations), United States

Job description

### Responsibilities - **Regulatory & Clearing Compliance** - Enforce regulatory standards set by the CFTC, NFA, and applicable derivatives clearing organizations (DCOs). - Compile regulatory risk reporting, support risk attestations, and liaise during regulatory audits. - **Real-Time Risk & Exposure Monitoring** - Monitor real-time and end-of-day risk exposures, client positions, and trading activities across all client futures accounts (equities and digital assets). - Identify, investigate, document, and escalate risk-limit breaches, abnormal trading activities, or position spikes in a timely manner to senior management. - Evaluate client margin adequacy, enforcing initial and maintenance margin requirements, intraday margin calls, and variation margin coverage. - **Frontline Risk Enforcement & Execution Protocols** - 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. - Exercise swift, decisive, and authoritative judgment to execute trade halts and liquidations during periods of extreme market volatility. 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. - **Pre-Trade Risk Controls & Position Limit Management** - Oversee and calibrate pre-trade risk controls, firm-specific position limits, exchange-imposed accountability levels, and reportable position thresholds. - Enforce regulatory and exchange risk standards across client accounts and market-making portfolios. - **New Product Research & Governance** - Evaluate risk implications, collateral requirements, and margin methodologies of new products, trading strategies, or client offerings prior to launch. - Collaborate with trading, operations, technology, and compliance teams to ensure appropriate risk control frameworks and DCO compliance are established. - **Client Onboarding** - Perform client onboarding risk assessments and conduct ongoing market, credit, and liquidity risk monitoring. ### Requirements - 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). - Title and level are set by experience; candidates at the senior end of the band will be considered for a Senior Risk Manager. - Degree or above in a quantitative discipline, with professional qualifications such as CFA and FRM an added advantage. - Proficient in Python and SQL is a strong plus. - Strong understanding of equities, commodity products, futures, perpetuals, and other derivatives, including their multi-asset pricing mechanics and funding rates. - 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). - Familiarity with CFTC, NFA, and SEC regulations is a strong plus. - Self-motivated, having the internal drive and motivation to begin and continue tasks independently without supervision. - A track record of making swift, decisive risk calls under pressure, including trade halts and liquidations during extreme market volatility. - Excellent written and verbal communication, with the ability to turn detailed risk metrics into clear summaries for senior leadership, clients, and regulators.