Description The Collateral Risk Associate will be responsible for identifying, evaluating, measuring, and monitoring key funding and collateral risks related to CME Clearing's acceptable collateral. The primary responsibilities of the Associate are to monitor CME Clearing's acceptable collateral and propose well thought out solutions to complex problems and use a strong analytical ability to perform collateral risk management assessments. The Associate should be able to proactively identify relevant business, market and other risks CME faces and have an understanding of CME's policies and procedures, rulebook, and regulations which it faces. A successful candidate must have a strong knowledge of derivatives, securities, and financial institutions (banks, clearing members, and non-bank participants). Responsibilities: • Evaluate the collateral profile of CME Clearing's counterparties and monitor markets daily, reporting out notable news items to senior management as necessary. • Evaluate collateral types, utilize CME Clearing's framework for collateral analysis (credit and liquidity characteristics). • Support all default management exercises, to ensure the policies and procedures are continually tested and robust, and to ensure the policies and procedures meet regulatory standards. • Present analysis and other projects to senior management team including during collateral & credit/liquidity committee meetings. • Identify and implement improvements to CME collateral-based systems. • Demonstrate a strong understanding of CME's various departments and how they work together to support the day-to-day business functions. • Develop thoughtful, well-organized and on-point analysis of pertinent collateral and funding risk issues. • Respond to regulatory requests and prepare submissions. • Maintain, update and improve existing policies and procedures. • Possess a high-level knowledge of CME's regulatory requirements and compliance with requirements, CME's rulebook, and other regulations impacting CME's client base.
• Evaluation of current collateral types and structure, and evaluation of collateral risks presented to CME. Monitor collateral daily and report out notable items to senior management as necessary. Create regulatory reports related to collateral and default management using a standard template. Dialogue with internal parties regarding CME Clearing's collateral policies and procedures. Communicate and work with other departments in relation to collateral risk issues. Screen collateral types on a monthly basis and update systems to reflect CUSIP eligibility. • Perform market and ad-hoc analysis, including any competitive analysis or key market events and impact to clearing members and market participants. Present analysis and other projects to senior management team during quarterly credit committee meetings. Collaborate with other members on the Credit, Liquidity, and Collateral team to complete ad-hoc analysis and projects. • Support default management policies and procedures, including collateral liquidation drills and collateral liquidation exercises with external parties. • Dialogue with external parties (market participants and regulators) regarding CME Clearing's collateral policies and procedures and overall best practices. • Evaluate entire collateral structure to ensure it meets clearing member needs and work across teams internally to ensure consistency with stress testing, haircuts, liquidity risk framework, and liquidity resource sizing. • Complex analysis regarding a current or proposed funding structure, any agreements with banks or external parties to provide collateral services, evaluation of new collateral types, agreements associated with CME Clearing's liquidity facilities. Analysis includes impact analysis internally as well as externally.
Skills and Software Requirements:
• Strong knowledge of Microsoft Suite; Bloomberg • Self-motivated professional • Strong analytical, quantitative, and organizational skills • Excellent written and verbal communication skills • Ability to shift fluidly between multiple projects as priorities changes • Ability to work independently accurately and to meet deadlines • Must work well in a team environment • Capability to work independently with minimal supervision • Familiarity with derivatives and securities preferred
CME Group: Where Futures Are Made
CME Group (www.cmegroup.com) is the world's leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career shaping tomorrow. We invest in your success and you own it, all while working alongside a team of leading experts who inspire you in ways big and small. Joining our company gives you the opportunity to make a difference in global financial markets every day, whether you work on our industry-leading technology and risk management services, our benchmark products or in a corporate services area that helps us serve our customers better. With 3,500 employees located around the world, we're small enough for you and your contributions to be known. But big enough for your ideas to make an impact. The pace is dynamic, the work is unlike any other firm in the business, and the possibilities are endless. Problem solvers, difference makers, trailblazers. Those are our people. And we're looking for more.
This position requires that you be fully vaccinated against COVID-19 by the date of hire. Proof of vaccination will be required as a condition of employment. CME Group complies with federal, state and local laws with respect to providing accommodations for individuals who are unable to receive the vaccine due to a medical condition or religious belief.