🚀 Sr. Market Risk Analyst

**Location Overview** With 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, a fitness center, and collaborative workspaces, creating a vibrant and dynamic work environment in one of Chicago's most iconic areas.* Maintain existing margin models and develop additional models with supporting backtesting frameworks as needed that will be used by the Clearinghouse to margin complex portfolios of listed futures and options under different market conditions.* Design frameworks for portfolio stress testing and analysis to capture various types of risk to the Clearinghouse and translate the findings into recommendations for financial resources planning.* Maintain the Clearinghouse’s margin model whitepaper and defend assumptions to risk committees, internal and external auditors, as well as regulators.* Programmatically validate daily output related to margin rates, margin model backtesting, and portfolio margin requirements and investigate any exceptions to identify if model parameters need to be updated, data quality issues need to be addressed, or source code changes are required.* Prepare summaries of margin rates and portfolio margin requirements for existing products as well as new products and present those to risk committees and regulators as a part of ongoing monitoring and new product reviews, respectively.* Support the default management auction process including performing analysis of slippage incurred in the event of liquidation of Clearing Member portfolios under default scenarios based on volume, market depth/spread, market conditions, and different hedging options in related markets.* Stay abreast of developments in the field of financial risk modeling particularly related to Clearinghouses.* 5+ years of working experience in the financial modeling field as a key contributor using simulation, regression, and time-series modeling techniques in a Clearinghouse or clearing broker/dealer or FCM.* Bachelor's degree in Mathematics, Statistics, Financial Mathematics, or a related quantitative field. Master’s degree preferred.* Previous experience developing VaR or monte carlo-based margin and/or stress models and related backtesting.* Ability to design and implement models and backtesting frameworks in Python using data stored in relational databases and third-party APIs.* Ability to write SQL queries to support model development / maintenance, investigate backtesting exceedances, and identify issues with margin system outputs.* Experience using version control or source code management systems, i.e. github.* Strong knowledge of methods used in pricing and analysis of derivative instruments.* Previous experience working with U.S. financial regulators a plus.**Benefits and Perks of working for Cboe Global Markets**We value the total wellbeing of our people – including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are a given at any organization. Still, you should know we offer:- Fair and competitive salary and incentive compensation packages with an upside for overachievementHealth, dental and vision benefits, including access to telemedicine and mental health services Some of our associates’ favorite benefits and perks include:Paid Tuition assistance and education opportunitiesPaid parental leave and fertility benefits We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.Within the range, individual pay is determined by a number of factors, including, but not limited to, work location, job-related skills, experience, and relevant education or training. In addition to base pay, our total rewards program includes an annual variable pay program and benefits including healthcare (medical, dental and vision), 401 (k) with a generous company match, life and disability insurance, paid time off, market-leading tuition assistance, and much more! Your recruiter will provide more details about the total compensation package, including variable pay and benefits, during the hiring process. For further information on our total rewards program, visit
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