Manager Risk Management - New York, United States - CME Group

CME Group

Verified Company

New York, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Description

The Collateral Risk Manager will be responsible for identifying, evaluating, measuring, and monitoring key funding and collateral risks related to CME Clearing's acceptable collateral.

The primary responsibilities of the Manager are to propose well thought out solutions to complex problems and manage/lead some of the team's prioritization of work and a subset of team functions related to collateral, funding, and default management.

The Manager should proactively identify relevant business, market and other risks CME faces and have a strong understanding of CME's policies and procedures, rulebook, and regulations which it faces.

In addition, the Manager will play an active role in cross-department projects, aid in preparing documentation for regulatory requests, and provide guidance and support to Analyst, Associates, and Sr.

Associates within the team.

Responsibilities:

Develop thoughtful, wellorganized and onpoint analysis of pertinent collateral risk issues.
Lead compliance of CME's regulatory requirements through engagements with regulators and

providing assistance in regulatory and third-party requests.

Lead the buildout and implementation of new risk management procedures, processes and

methodologies.

Engage other teams to perform crossfunctional projects within CME Clearing.
Provide guidance and developmental support to Analysts, Associates, and Sr. Associates on

the team, as well as for other staff within the Clearing House.

Present complex analysis to the CHRC and other external parties.
Possess an indepth knowledge of CME's regulatory requirements and compliance with

requirements, CME's rulebook, and other regulations impacting CME's client base.

Keeps up to date on current and future events, trends, regulations, and policies impacting

CME, its counterparties and the industry

Directs the daily collateral risk monitoring.
Explore new approaches and technologies to risk management and propose and implement

applicable use cases.

Principle Accountabilities:

Evaluation of current collateral types and structure, and evaluation of collateral risks

presented to CME. Monitor collateral daily and report out notable items to senior
management as necessary. Create regulatory reports related to collateral and default
management using a standard template. Dialogue with internal parties regarding CME
Clearing's collateral policies and procedures. Communicate and work with other departments
in relation to collateral risk issues. Screen collateral types on a monthly basis and update
systems to reflect CUSIP eligibility.

Perform market and adhoc analysis, including any competitive analysis or key market events

and impact to clearing members and market participants. Present analysis and other projects
to senior management team during quarterly credit committee meetings. Collaborate with
other members on the Credit, Liquidity, and Collateral team to complete ad-hoc analysis and
projects.

Support default management policies and procedures, including collateral liquidation drills

and collateral liquidation exercises with external parties

Dialogue with external parties (market participants and regulators) regarding CME Clearing's

collateral policies and procedures and overall best practices.

Evaluate entire collateral structure to ensure it meets clearing member needs and work across

teams internally to ensure consistency with stress testing, haircuts, liquidity risk framework,
and liquidity resource sizing.

Complex analysis regarding a current or proposed funding structure, any agreements with

banks or external parties to provide collateral services, evaluation of new collateral types,
agreements associated with CME Clearing's liquidity facilities. Analysis includes impact
analysis internally as well as externally.

Skills and Software Requirements:

Strong knowledge of Microsoft Suite; Bloomberg
Selfmotivated professional
Proven leadership skills
Ability to people who are at varying levels of development
Must be comfortable discussing findings and making recommendations with the appropriate

balance of tact and professional assertion.

Strong analytical, quantitative, and organizational skills
Excellent written and verbal communication skills
Ability to shift fluidly between multiple projects as priorities changes
Ability to work independently accurately and to meet deadlines
Must work well in a team environment
Capability to work independently with mínimal supervision
Familiarity with derivatives and securities preferred

CME Group is committed to offering a competitive total rewards package for our employees that recognizes their contributions to the business and reflects our long-term investment in their future.

The salary range for this role is $144,700-$241,100.

Actual salary offered will be dependent on a wide array of factors including but not limited to:
relevant experience, skills, education an