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Risk Management
20000330 Requisition #

Job Purpose

The Risk Manager will be responsible for a small  team within the clearing risk Department that ensures that the daily risk and margining processes are running properly. The accurate and timely collection of all required margin is key to the proper functioning of the clearing house’s risk management process and therefore this role is of great importance to the clearing house. The candidate will be responsible for enhancing, managing and executing the daily operation of the clearing risk processes. Responsibilities include monitoring of intraday and end of day counterparty risk exposures; support production of front office market risk reporting; managing margin parameter updates and keeping procedures and documentation up to date. The role  also includes conducting operational risk assessments and driving technology and system changes where necessary.


The role has extensive exposure to various stakeholders in the Clearing Risk Department but also in the independent risk oversight function, the Clearing Operations Team and the Global Technology team. The role requires strong operational and process management skills, the ability to apply complex market risk management concepts as well as an in depth experience of financial derivatives.

  • Manage and mentor a small team of analysts
  • Monitor intraday and end-of-day counterparty exposures
  • Manage all margin calls and ensure timely collection of margin
  • Manage and produce market risk reports and presentations on key risk processes for use at Board, risk committee meetings and other governance meetings
  • Manage relationships with various stakeholders in the risk team, Clearing Operations Team, independent risk oversight function, the ICE exchange and Global Technology Team
  • Manage the introduction of new contracts across all asset classes into the margining process
  • Manage all risk parameters update processes
  • Ensure implementation of adequate controls, validation and escalation processes
  • Define requirements and specifications for system upgrades and enhancements
  • Contribute in “hands-on” fashion to ad-hoc requests for development and solutions in time-critical situations
  • Management of documentation and procedures
  • Support default management drills
  • Assist with audit and independent model validation processes
  • Manage the market risk Business Continuity Plan and Operational Risk Self Assessment

Knowledge and Experience
  • Degree in engineering, finance or related subject
  • Minimum of 5 years experience in market risk management in a bank or clearinghouse
  • Experience working in market risk for derivative contracts is required
  • Managerial experience required
  • Working knowledge of VaR and derivatives pricing is a must
  • Must demonstrate analytical and problem solving skills
  • Must have very good attention to detail and be process oriented
  • Proven record of applying or implementing complex operational processes
  • The successful candidate should be a team player, capable of working under pressure within a diverse team, operating in several time zones and to tight deadlines
  • Must possess strong documentation, verbal and written communication skills
  • Knowledge SQL and VBA a must

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