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Junior Risk Manager

Junior Risk Manager

DRWChicago, IL, United States
1 day ago
Job type
  • Full-time
Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies : real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are currently seeking a Junior Risk Manager to be based in our Chicago office. This position will report to the Head of Equities Risk and be responsible for performing daily risk monitoring of our trading portfolios and assisting in the ongoing development and enhancement of our risk management framework and tools, with a focus on our equities business.

Core Responsibilities :

  • Work with Risk Managers to calibrate risk parameters and accurately measure desk positions
  • Monitor daily trading activity according to established risk limit frameworks and assess risk exposures
  • Help advance robust approaches to risk management, including defining, building and using the necessary tools and reporting
  • Actively research and stay current on market dynamics, risk factors and real-world drivers of portfolio performance and risk
  • Earn primary coverage responsibilities for a group of desks, and own communication of risk-related information to Traders / Portfolio Managers

Required Experience and Skills :

  • Previous risk management experience required; previous experience in trading is a plus
  • Previous experience with Equity Factor Models is required
  • Must have strong quantitative background and substantial data analysis experience
  • Previous experience using tools such as SQL, VBA, Python or R for data analysis and modeling; programming background helpful
  • Intuitive understanding of options pricing models and risk measures
  • Thorough understanding of equities and equities options trading is preferred
  • Experience building tools and reporting for risk or trading
  • Must have excellent written and verbal communications skills
  • Sound judgment and strong analytical skills essential
  • Must be proactive and able to work independently
  • Bachelor's degree required; advanced degree in quantitative field desirable
  • Previous experience understanding the US regulatory framework and working directly with US regulators (e.g., FINRA).
  • SIE and Series 99 certifications are preferred.
  • The annual base salary range for this position is $150,000 to $190,000, depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

    For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at

    California residents, please review the California Privacy Notice for information about certain legal rights at

    #LI-SK1

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    Risk Manager • Chicago, IL, United States

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