Senior Futures Risk Analyst

Position Summary

Company Overview

Primary Responsibilities

• Monitor real-time and end-of-day market, credit, margin, and liquidity exposures across client accounts and proprietary positions.
• Investigate, document, and escalate risk-limit breaches and unusual account activity.
• Administer CME Globex Credit Controls, including approved pre-trade exposure and maximum-order-quantity limits.
• Evaluate initial and maintenance margin, variation margin, intraday deficits, and collateral coverage.
• Monitor stress-testing and VaR results and escalate material adverse-risk scenarios.
• Monitor position limits, accountability levels, and reportable-position thresholds.
• Assess collateral quality, eligibility, concentration, liquidity, valuation, and applicable haircuts.
• Investigate stale prices, erroneous ticks, feed disruptions, position-data issues, and other market-data anomalies.
• Execute trading restrictions, credit-limit changes, and support for partial or full account liquidations within delegated authority.
• Monitor economic releases, geopolitical developments, contract expirations, delivery periods, and market holidays.
• Partner cross-functionally to resolve risk issues and improve control effectiveness.
• Prepare risk reports and support control testing, procedure development, system enhancements, and audit requests.

Required Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Risk Management, or a related discipline.
• 3–7 years of relevant experience in futures risk management, clearing operations, margin operations, or credit risk at an FCM, clearing firm, futures broker, or exchange.
• Strong understanding of futures contract specifications, settlement and delivery mechanics, and product-specific risk characteristics.
• Practical knowledge of initial, maintenance, and variation margin processes.
• Experience monitoring portfolios for market, credit, margin, concentration, and liquidity risk.
• Familiarity with SPAN, CME CORE, or comparable risk-based margin frameworks.
• Working knowledge of position limits, accountability levels, reportable positions, and account aggregation.
• Experience interpreting stress-testing and VaR results for risk decisions or escalations.
• Familiarity with GC2 or comparable pre-trade credit-control tools.
• Ability to investigate market-data and position-data anomalies.
• Knowledge of escalation procedures for margin deficiencies, limit breaches, trading restrictions, and forced liquidation.
• Familiarity with CFTC, NFA, and CME Group rules.

Preferred Qualifications

• Direct experience at a self-clearing FCM or CME Clearing Member.
• Experience administering GC2 limits and monitoring blocked, cancelled, or restricted orders.
• Experience evaluating non-cash collateral, haircuts, concentration limits, and eligibility requirements.
• Series 3 registration or ability to obtain it after hire.
• FRM, PRM, CFA, or similar risk-management certification.
• Experience with risk-reporting tools, SQL, Python, Excel/VBA, or data-analysis platforms.

Success Measures

Benefits

• Competitive salary and performance-based bonuses.
• Health, dental, and retirement plans.
• Professional growth and development opportunities.
• Dynamic and collaborative work environment.

Compensation

• Expected base salary is $125,000–$165,000 per year.
• The role is eligible to participate in a discretionary bonus plan.