Chief Risk Officer

Smarkets

Chief Risk Officer within CFTC-regulated business unit at Smarkets, overseeing enterprise risk management and risk mitigation strategies. Collaborating with CEO and board on strategy and governance.

Posted 6/17/2026full-timeChicago • Illinois • 🇺🇸 United StatesLeadWebsite

About the role

Key responsibilities & impact

Own the end-to-end enterprise risk management programme for Smarkets Board of Trade (DCM)
Establish and maintain risk assessment processes across market volatility, technology failures, vendor dependencies, and compliance weaknesses
Own Core Principle 20 (System Safeguards) and embed system safeguards testing
Oversee or conduct stress testing and backtesting relevant to market and technology risk
Develop risk mitigation strategies and monitor risk indicators across all business units
Report on risk exposures and mitigation plans to the CEO, board, and designated risk committees
Contribute to incident response and recovery planning

Requirements

What you’ll need

Senior risk leader with 7+ years of senior experience in risk management
4+ years of hands-on experience owning enterprise or operational risk within a DCM, DCO, or comparable regulated market infrastructure in the United States
Entrepreneurial mindset with a proven track record working in a small scale fast-paced creative work environment
Deep understanding of the CFTC's risk and system safeguards expectations, including Core Principle 20 (System Safeguards)
Strong background identifying and analysing technology risk, counterparty exposures, and internal control weaknesses
Proficiency with established risk assessment frameworks (COSO ERM, ISO 31000) and control testing
Experience partnering with the CEO and board on risk strategy and risk reporting

Benefits

Comp & perks

Health, Wealth, Lifestyle and Development focused benefits
Competitive salary package

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

risk managementrisk assessmentstress testingbacktestingrisk mitigation strategiescontrol testingCOSO ERMISO 31000system safeguards testingincident response

Soft Skills

entrepreneurial mindsetleadershipcommunicationanalytical skillscollaborationstrategic thinkingproblem-solvingadaptabilitycreativityreporting