{"id":2443265,"url":"https://alion.io/job/ic3-risk-manager","title":"Risk Manager","company":{"id":47671,"name":"Internet Crime Complaint Center (IC3)","domain":"ic3.gov","url":"https://alion.io/company/ic3","size_band":"501-1000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":null},"role":"Finance","role_family":"Finance","seniority":"senior","employment_type":"full_time","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"explicit","locations":["Chicago, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":135575,"max":175450,"currency":"USD","period":"year","gross":null,"usd_annual":175450},"salary_estimate":null,"experience_years_min":7,"visa_sponsorship":true,"relocation_package":false,"has_equity":true,"technologies":[{"name":"Python","optional":false},{"name":"SQL","optional":false}],"status":"live","first_seen_at":"2026-10-01T00:00:00Z","employer_posted_date":"2026-10-01","last_verified_at":"2026-10-13T22:15:59Z","board_verified":true,"closed_at":null,"days_open":13,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":13},"description":"Job Description:\nBuilding trusted markets - powered by our people\nAt Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We providethe financialinfrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.\nWe’rebuilding meaningful ways to support professional and personal development while strengthening the trustwe’veearned as a global market leader. Our teams are empowered to share ideas, actively pursuethemand bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to “go for it” and equip our managers with the training to coach their teams to the next level. We strive toprovideemployees a safe space to network, share ideas and create opportunities.\nTo support strong partnership and team connection, this role follows a four day in office work model.\nLocation Overview\nCboe HQislocated inthe historic Old Post Office district, it’s a landmark that blends classic architecture with modern amenities. The building features expansive spaces with high ceilings and large windows, offering an abundance of natural light and panoramic views of the city skyline and the Chicago River.\nWith its prime location in the heart of downtown, the OPO Building provides easy access to major transportation hubs, including Union Station and multiple CTA lines, making it convenient for commuters. The building is home to a variety of amenities, including restaurants,afitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.\nRole Description\nCboe Clear U.S. operates a CFTC-registered Derivatives Clearing Organization offering digital assets futures and is pending registration as an SEC Covered Clearing Agency to clear novel Binary KPI Options. We are looking for a Risk Manager to join our growing Risk Management team. This position will report directly to the Chief Risk Officer.\nResponsibilities\nClearing Member Onboarding\nOversee the financial and operational reviews of Futures Clearing Member and Broker Dealer Clearing Member applicants.\nEnsure applicants’ risk management policies and procedures are appropriate for the risks presented by the applicant’s various business lines.\nDetermine post-trade thresholds specific to each Clearing Member by regulatory origin based on the entity’s financial condition. \nPrepare memos with recommendations based on observations from supporting documentation provided as a part of the application to internal and board-level committees.\nOngoing Monitoring\nReview daily exposure reports to identify positions that may present outsized or concentrated exposures compared to Clearing Members’ financial resources.\nMonitor intraday alerts and determine appropriate follow-up with risk management personnel at the Clearing Member based on the underlying positions, current threshold, and most current financial information. \nMaintain a Python codebase used to validate mid-day and end-of-day initial margin requirements are calculated accurately, the margin model is updated successfully based on current closing prices, and SPAN files are generated and distributed successfully. \nComplete reviews of daily and monthly financial and notice filings to maintain a current risk profile for each Clearing Member based on changes to business lines, customer activity, and financial condition. Based on the results of these reviews, determine whether any protective measures or enhanced monitoring should be imposed.\nDefault Management\nCoordinate tests of the Clearinghouse’s Default Management Plan by ensuring Clearing Members participate in the tests and all steps are documented.\nSummarize the effectiveness of the test for internal committees and the Board of Directors.\nIdentify opportunities for improvement in the Default Management Plan, draft updates, and work to implement the changes for future tests or executions of the plan.\nEnterprise Risk Management\nPerform periodic assessments of risks faced by Clearinghouse, evaluate processes to support its operations, and determine whether appropriate controls are in place.\nCoordinate testing of existing controls to ensure they are effective and report on the effectiveness to support effectiveness reviews.\nUse the control testing results as well as internal and external audit findings to support scoring risk factors and determining whether they are within applicable risk tolerances.\nRegulatory Coordination\nServe as a subject matter expert on Clearing Member onboarding, ongoing monitoring, default management, and Clearinghouse enterprise risk management when responding to internal audit as well as CFTC and SEC audit requests.\nExperience\nEducation & Foundation\nBachelor's degree in Finance, Economics, Accounting, Business, Risk Management, or a related quantitative field; advanced degree (MBA, MS in Finance/Risk) or professional certification (FRM, CFA, PRM) preferred\n7+ years of progressive experience in financial services, with direct exposure to derivatives clearing, prime brokerage, futures commission merchant (FCM) operations, or broker-dealer risk management\nClearing & Market Structure Knowledge\nDemonstrated experience with central counterparty (CCP) clearing operations, ideally at a CFTC-registered Designated Clearing Organization (DCO) or SEC-registered Covered Clearing Agency (CCA)\nWorking knowledge of futures, options, and/or securities clearing member relationships, including membership standards, financial requirements, and risk-based access criteria\nFamiliarity with SPAN margin methodology or comparable portfolio margining systems, and experience validating or interpreting margin model outputs\nUnderstanding of customer segregation rules (e.g., CFTC Part 1 and Part 22, SEC Rule 15c3-3) and their impact on Clearing Member risk profiles\nFinancial & Credit Analysis\nExperience conducting financial statement analysis, credit risk assessment, and liquidity analysis of regulated financial institutions (FCMs, broker-dealers, banks)\nExperience reviewing regulatory financial filings such as FOCUS Reports, Form 1-FR-FCM, Net Capital computations, or equivalent notice filings\nAbility to evaluate risk management frameworks and internal controls of counterparties relative to their business activities and risk exposures\nQuantitative & Technical Skills\nProficiency in Python for developing, maintaining, and validating production-level codebases, particularly around margin calculation, data validation, and file generation/distribution processes\nExperience working with large data sets, exposure reporting tools, or risk dashboards to monitor intraday and end-of-day positions\nComfort with SQL or similar tools for data extraction and analysis\nFamiliarity with statistical or quantitative risk modeling concepts (VaR, stress testing, margin backtesting) is a plus\nDefault Management & Enterprise Risk\nExperience participating in or coordinating default management simulations, tabletop exercises, or actual default events at a clearinghouse or similarly systemic financial institution\nExperience with enterprise risk management (ERM) frameworks, including risk and control self-assessments (RCSAs), control testing, and risk tolerance/appetite frameworks\nFamiliarity with COSO ERM framework or equivalent structured risk governance methodology\nGovernance & Regulatory Engagement\nExperience preparing memos, risk assessments, or recommendations for presentation to internal risk committees, senior management, and/or Boards of Directors\nDirect experience interacting with CFTC and/or SEC examiners, or supporting internal/external audit engagements, particularly around DCO Core Principles or CCA compliance standards (e.g., Regulation SCI, SEC Rule 17Ad-22 / Covered Clearing Agency Standards)\nStrong written communication skills, with demonstrated ability to translate technical risk findings into clear recommendations for non-technical stakeholders\nAdditional Competencies\nAbility to manage competing priorities across onboarding, ongoing monitoring, and ad hoc regulatory requests in a fast-paced, deadline-driven environment\nSound judgment in escalating risk concerns and recommending protective measures (e.g., enhanced monitoring, additional margin, restricted trading privileges)\nHigh degree of discretion given access to confidential futures commission merchant and/or broker/dealer financial data\nBenefits and Perksof working for Cboe Global Markets\nWe value the total wellbeing of our people - including health, financial,personaland social wellness. We believe standard benefits like health insurance and fair pay area givenatany organization. Still, you shouldknowwe offer:\nFair and competitive salary and incentive compensation packages with an upside for overachievement\n\nGenerous paid time off, including vacation, personal days, sickdaysand annual community service days\n\nHealth, dental and vision benefits, including access to telemedicine and mental health services\n\n2:1 401(k) match, up to 8% matchimmediatelyupon hire\n\nDiscounted Employee Stock Purchase Plan\n\nTax Savings Accounts for health,dependentand transportation\n\nEmployee referral bonus program\n\nVolunteer opportunities to help you give back to your communities\n\nSome of our associates’ favorite benefits andperksinclude:\nComplimentary lunch,snacksand coffee in any Cboe office\n\nPaid Tuitionassistanceand education opportunities\n\nGenerous charitable giving company match\n\nPaid parental leave and fertility benefits\n\nOn-site gyms and discounts to other fitness centers\n\nPaid Time Off\n\nMore About CboeGlobal Markets\nWe’rereimagining the future of the workplace by focusing on what matters most, our people. Our journey is an inclusive one.We’reinvesting deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed.\nWe work with purpose, solving problems with ingenuity, collaboration, and a lot of passion.We’rean engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.\nLearn more about life at Cboe onour website andLinkedIn.\nEqual Employment Opportunity\nWe'reproud to be an equal opportunity employer do not discriminate against any employee or applicant for employment based on any legally protected characteristic, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, orveteran status. We are committed to fostering a workplace where all individuals are valued and respected.\nThis position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.\nSalary Ranges (applicable for US locations only)\nAt Cboe, we are committed to providing a competitive, transparent, and market-informed total rewards program. The anticipated base salary range for this role is $135,575-$175,450, with actual compensation determined by job-related factors such as skills, relevant experience, education, internal alignment, and location.This role may also be eligible for annual incentive compensation and, where applicable, participation in Cboe's long-term equity programs.\nAdditional information about Cboe's total rewards program, including benefits and other compensation components, can be found here: Total Rewards at CBOE.\nAny communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. 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