Director, Risk

Intercontinental Exchange
Closing date
19 Jul 2022

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Contract Type
Full Time
Job Purpose

ICE Clear Europe's Clearing Risk Department ("CRD") is looking for a director level front office risk manager. As a senior member of the team, the successful candidate will help with overseeing and shaping the risk management practice at one of the largest futures and options clearing houses in the world. You will be joining a very dynamic team, be exposed to a wide range of asset classes and be challenged with complex risk problems. You will be responsible for managing all aspects of the day-to-day risk management and work on improvement and enhancements, including identifying, developing and overseeing the implementation of new risk management tools and techniques to enhance the risk management process and risk controls. You will also contribute towards the design and implementation of new risk initiatives and products that benefit the business.

  • Ensure the risk management framework and risk policies are being adhered to and are consistent with regulatory and industry standards
  • Monitor model performance tests and assess the appropriateness of models in order to demonstrate policy adherence
  • Identify areas where the risk models, risk management processes, or infrastructure can be improved
  • Strike the right balance between complying with global regulatory standards with achieving commercial business requirements
  • Lead the design and implementation of model enhancement and improvements to risk infrastructure and processes
  • Conduct mathematical/statistical analysis to calibrate and enhance risk models
  • Collaborate with a group of colleagues on key policy and methodology development
  • Work with and present to the ICE Clear Europe board, various ICE Clear Europe risk committees and the regulators overseeing ICE Clear Europe
  • Frequent communication with representatives from clearing members, risk committees and senior management of ICE
  • Documentation and presentation of risk polices and models to clearing members, regulators, risk committees and other governance bodies
  • Conduct project work and run thematic or ad-hoc market research on relevant risk topics
  • Lead a team of risk managers and analysts to foster a strong risk culture

Knowledge and Experience
  • Strong quantitative and analytical background with a solid knowledge of statistics (degree in Mathematics, Financial Mathematics, Engineering, Science, or a related discipline)
  • Strong problem solving and decision-making skills with excellent ability to balance trade-offs
  • Extensive professional experience in risk management, data analysis, portfolio management, and/or risk systems. A significant portion of this experience will have been gained in an investment bank, hedge fund or clearing house
  • Strong knowledge in financial derivatives products in multiple asset classes
  • Proven ability to apply risk management models and techniques such as Value at Risk models, Liquidity Risk models, backtesting and stress testing models
  • Team player and proven track record of leading and training risk teams and creating a strong risk culture
  • Ability to work hands-on and get into the quantitative details of projects
  • Excellent written and verbal communication skills, and comfortable in communicating risk issues to senior management for decision-making purposes
  • A working knowledge of SQL and Python preferred
Full time

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