Head of Risk

ElectronX

Head of Risk at ElectronX, managing risk framework for U.S.-regulated electricity derivatives market. Building risk governance and collaborating with teams for compliance and reporting.

Posted 4/29/2026full-timeChicago • Illinois • 🇺🇸 United StatesLead💰 $225,000 - $300,000 per yearWebsite

About the role

Key responsibilities & impact

Own the end-to-end risk management framework for the exchange and DCO.
Define the enterprise risk appetite and tolerance statement.
Build the risk governance structure including policies, procedures, and escalation frameworks.
Establish risk reporting to the Board, regulators, and senior leadership.
Develop and chair the Risk Committee.
Design and oversee margin model validation, stress testing, and back-testing programs.
Manage counterparty credit risk assessment and ongoing monitoring for clearing members.
Develop position limits, concentration risk policies, and large trader surveillance.
Build default fund sizing methodologies and maintain the default waterfall.
Stand up the operational risk program covering technology risk, business continuity, and third-party risk management.
Build real-time risk monitoring and surveillance systems that can scale with 24x7 trading.
Manage liquidity risk including liquidity stress testing and contingency funding planning.
Establish robust financial controls for wire processing, cash reconciliation, and treasury operations.
Ensure full compliance with customer funds segregation and protection requirements.
Serve as the primary risk liaison with the CFTC and other regulatory bodies.
Lead risk-related regulatory filings, rule submissions, and examination readiness.
Ensure compliance with CFTC Part 39 requirements around risk management, financial resources, and default procedures.
Stay ahead of evolving regulatory expectations and proactively adapt the risk framework.
Build and lead a high-performing risk management team.
Collaborate closely with compliance and finance on margin model design and clearing risk integration, and work cross-functionally with engineering, product, and commercial teams to embed risk thinking into business decisions.
Manage relationships with regulators, clearing members, and industry risk bodies.
Represent ElectronX in industry risk forums and working groups.

Requirements

What you’ll need

10+ years in risk management at an exchange, CCP, FCM, or major financial institution.
Deep expertise in derivatives risk including margin, default management, and systemic risk.
Proven track record building or significantly transforming a risk function, not just maintaining one.
Strong regulatory relationship management, ideally with the CFTC or equivalent bodies.
Experience with enterprise risk governance, Board-level risk reporting, and risk committee leadership.
Expert quantitative skills in risk modeling, VaR, stress testing, scenario analysis, and back-testing.
Deep understanding of margin methodologies including SPAN, VaR-based, and historical simulation approaches.
Experience with real-time risk monitoring systems and surveillance technology.
Ability to translate risk requirements into technical specifications and work effectively with engineering teams.

Benefits

Comp & perks

Health, vision and dental insurance
401(k) match
Supplemental health and disability insurance
Unlimited vacation
Parental leave

ATS Keywords

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Hard Skills & Tools

risk managementmargin model validationstress testingback-testingcounterparty credit risk assessmentliquidity risk managementfinancial controlsrisk modelingVaRscenario analysis

Soft Skills

leadershiprelationship managementcollaborationcommunicationteam buildingstrategic thinkingproblem-solvingadaptabilityorganizational skillscross-functional teamwork