Chief Risk Officer - Cboe Clear

Job Description

Building trusted markets — powered by our people. 

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers innovative trading, clearing and investment solutions to market participants around the world. 

We are building inclusive ways to support professional and personal development while strengthening the trust we have earned as a global market leader. Our teams are empowered to share ideas, actively pursue them, and 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. Our Associate Resource Groups champion diversity, equity, and inclusion, giving employees a safe space to network, share ideas and create opportunities.  

Sound like the place for you? Join us! 

Cboe Clear US (Clearinghouse) is registered with the Commodities Futures Trading Commission (CFTC) as a Derivatives Clearing Organization (DCO). The products currently supported by the Clearinghouse include margin eligible Bitcoin and Ether futures.  

Cboe Clearinghouse is hiring for the role of a Chief Risk Officer reporting to the President, Global Clearing, Cboe Global Markets. The Chief Risk Officer will also report to the Board of Directors and the Risk Management Committee of the Clearinghouse.  

Responsibilities 

• Provide leadership for the growth and direction of the risk management function for the Clearinghouse while working collaboratively across teams to execute strategic initiatives.  

• Implement and manage the Enterprise Risk Management (ERM) program for the Clearinghouse and ensure that the Clearinghouse operates in compliance with all internal policies and applicable regulations. 

• Work with other second line and third line departments including the Chief Compliance Officer, Chief Information Security Officer and the Internal Audit departments in the development and deployment of ERM tools, practices, and policies to analyze and report enterprise risks, to manage risks according to an enterprise risk management framework.  

• Provide regular updates to the Board of Directors, Risk Management Committee, and other governing bodies.  

• Work closely with sales and product teams to understand the product roadmap and strategic initiatives; develop strategies for the Clearinghouse to offer new products and services supported by robust risk modeling and risk monitoring systems.   

• Oversee onboarding and regular review of clearing members including conducting credit due diligence and review of their operational capabilities.  

• Ensure the Clearinghouse maintains adequate resources to manage possible defaults by clearing members. Lead the effort for default management planning and testing for the Clearinghouse in collaboration with clearing members and exchange liquidity providers. 

• Oversee the quantitative risk requirements related to the Clearinghouse margin model, stress testing and default modeling within the risk function. En