STRESS TESTING & LIQUIDITY RISK ASSOCIATE - CME Group : Job Details

CME Group is launching a new Securities Clearing House, which will initially launch clearing services for cash treasuries as well as Bilateral and Tri-party Repo. The Stress Testing & Liquidity Risk Management Associate is responsible for daily stress testing of market risk to ensure clearing members have appropriate financial resources to manage potential obligations, and CME Securities Clearing has sufficient liquid resources to manage potential obligations in the event of a clearing member default. The Associate performs in-depth research and analysis of market, credit, and trading data to identify risks, develop mitigation processes, and present findings to senior management. This also includes leading the process design and calculation for determining guaranty fund requirements for clearing members. The Associate performs daily assessments of market conditions and acts as the first line of defense against systemic, idiosyncratic, and counterparty-specific risks. The Associate needs the ability to work under minimal supervision and propose well thought out solutions to complex problems. The role is highly dynamic and demands independent, creative thinking, with opportunities to take full ownership of high-impact projects. The role is responsible for continuously enhancing the stress testing policy and procedures of CME Securities Clearing to support new and more complex products and business. The role is also responsible for creating and presenting reports for internal governance committees, measuring key risks, and escalating issues as appropriate. Key Responsibilities: • Liaise with market risk, financial surveillance, and other departments to familiarize others with counterparty credit, liquidity, and collateral risk profiles • Perform daily procedures to monitor the risk to the clearinghouse, including credit and liquidity stress testing, and escalate findings as necessary • Demonstrate a strong understanding of applicable regulations at both a domestic and international level as well as have a firm grasp of applicable rules in the clearinghouse's rule book • Use technical skills, including knowledge of programming and financial mathematics, to develop automated, accurate and efficient models • Build and maintain new risk models to support securities clearing • Respond to ad hoc regulatory requests and prepare submissions Skills and Software Requirements: • Experienced in Excel, PowerPoint and Word • Bloomberg • Familiarity with relational databases (MS SQL, Oracle) and SQL • Ability to manipulate large data sets • Strong analytical, quantitative, and organizational skills • Knowledge of financial analysis at an intermediate level • Excellent written and verbal communication skills • Capability to work independently with minimal supervision as well as in a team setting • Familiarity with derivatives and securities preferred • Experience working with the SEC preferred #LI-Onsite #LI-RP1 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 $102,800-$171,300. Actual salary offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education and comparison to internal employees (where relevant). Our compensation program also includes an annual target bonus opportunity for all employees, as well as the opportunity to become an owner in the company through our broad-based equity program. Through our Benefits program, we strive to offer flexibility, value and choice. From comprehensive health coverage, to a retirement package that includes both a 401(k) and an active Pension Plan, to highly competitive education reimbursement provisions, paid time off and a mental health benefit, CME Group offers a holistic Benefits package for our team and their dependents. CME Group : Where Futures are Made CME Group is the world's leading and most diverse derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.