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Contract Liquidity Risk Management Jobs in Illinois

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

Manage liquidity risk including liquidity stress testing and contingency funding planning. * Establish robust financial controls for wire processing, cash reconciliation, and treasury operations.

Cedar Cares, Inc

Chief Risk Officer

Chicago, IL · On-site

$259.25 - $320.25/hr

Design and enhance market, credit, and liquidity risk management frameworks and implement them in accordance with regulatory and company requirements. * Oversee credit risk management of clearing ...

Huntington

Senior Treasury Liquidity Analyst

Chicago, IL · On-site +1

$140K/yr

Address any queries from Risk Management, Internal Audit, Transaction testing and Regulators related to Liquidity Risk reports. Requirements: Bachelor's degree in Finance, Information Technology ...

Huntington

Senior Treasury Liquidity Analyst

Chicago, IL · On-site +1

$140K/yr

Address any queries from Risk Management, Internal Audit, Transaction testing and Regulators related to Liquidity Risk reports. Requirements: Bachelor's degree in Finance, Information Technology ...

Huntington

Senior Treasury Liquidity Analyst

Chicago, IL · On-site +1

$140K/yr

Address any queries from Risk Management, Internal Audit, Transaction testing and Regulators related to Liquidity Risk reports. Requirements: Bachelor's degree in Finance, Information Technology ...

Cboe Global Markets

Chief Risk Officer

Chicago, IL

Design and enhance market, credit, and liquidity risk management frameworks and implement in accordance with regulatory and company requirements * Oversee credit risk management of clearing members ...

Cboe Global Markets

Chief Risk Officer

Chicago, IL · On-site

Design and enhance market, credit, and liquidity risk management frameworks and implement in accordance with regulatory and company requirements * Oversee credit risk management of clearing members ...

Deloitte

Financial Risk Manager

Chicago, IL

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Assess market, liquidity, concentration, leverage, and tail risks * Ensure alignment with risk budgets and investment objectives Manager Risk Assessment * Conduct risk-focused due diligence on hedge ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Assess market, liquidity, concentration, leverage, and tail risks * Ensure alignment with risk budgets and investment objectives Manager Risk Assessment * Conduct risk-focused due diligence on hedge ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Assess market, liquidity, concentration, leverage, and tail risks * Ensure alignment with risk budgets and investment objectives Manager Risk Assessment * Conduct risk-focused due diligence on hedge ...

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All JobsContract Liquidity Risk Management JobsContract Liquidity Risk Management Jobs in Illinois

Contract Liquidity Risk Management information

What are some common challenges faced in Contract Liquidity Risk Management roles, and how can they be overcome?

Professionals in Contract Liquidity Risk Management often encounter challenges such as rapidly changing market conditions, complex regulatory requirements, and the need to accurately forecast cash flows across multiple contracts. To overcome these, it is essential to stay updated with market trends, maintain strong analytical skills, and collaborate closely with legal, treasury, and risk teams. Leveraging advanced risk management tools and fostering open communication within cross-functional teams also helps in proactively identifying and mitigating liquidity risks.

What is the difference between Contract Liquidity Risk Management vs Contract Risk Analyst?

AspectContract Liquidity Risk ManagementContract Risk Analyst
Primary FocusManaging liquidity risks associated with contracts and financial obligationsAnalyzing overall contract risks, including legal, financial, and operational aspects
Required CredentialsFinance or risk management certifications, such as FRM or CFARisk analysis, finance, or legal certifications
Work EnvironmentFinancial institutions, banks, or corporate finance teamsCorporate, consulting firms, or financial services
Key ResponsibilitiesMonitoring liquidity positions, risk mitigation strategiesAssessing contract risks, compliance, and mitigation plans

While both roles involve risk assessment, Contract Liquidity Risk Management specializes in managing liquidity risks related to financial contracts, whereas Contract Risk Analyst focuses on broader contract risks across legal, operational, and financial domains.

What are the key skills and qualifications needed to thrive in Contract Liquidity Risk Management, and why are they important?

To thrive in Contract Liquidity Risk Management, you need strong analytical skills, a background in finance or economics, and experience with risk modeling and assessment. Familiarity with financial risk management tools, liquidity stress testing systems, and relevant certifications such as FRM or CFA are typically required. Excellent problem-solving abilities, attention to detail, and effective communication are standout soft skills in this role. These skills are crucial for identifying, measuring, and mitigating liquidity risks to ensure the financial stability and compliance of organizations.

What is contract liquidity risk management?

Contract liquidity risk management involves identifying, assessing, and mitigating the risks that arise when organizations enter contracts that may impact their ability to meet financial obligations or access cash when needed. Professionals in this field analyze contracts to ensure terms do not create cash flow constraints, monitor counterparties' ability to fulfill their commitments, and develop strategies to manage potential liquidity shortfalls. Their work helps organizations maintain financial stability, comply with regulatory requirements, and avoid costly disruptions due to liquidity issues.
What are the most commonly searched types of Liquidity Risk Management jobs in Illinois? The most popular types of Liquidity Risk Management jobs in Illinois are:
What are popular job titles related to Contract Liquidity Risk Management jobs in Illinois? For Contract Liquidity Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Contract Liquidity Risk Management jobs in Illinois look for? The top searched job categories for Contract Liquidity Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Contract Liquidity Risk Management jobs? Cities in Illinois with the most Contract Liquidity Risk Management job openings:
Contract Liquidity Risk Management jobs near you

Head of Risk

ElectronX

Chicago, IL • On-site

$225K - $300K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 2 days ago

Job description

Who are we?
ElectronX® is the first U.S.-regulated, direct access electricity derivatives market, offering financial products to address volatile short-term price exposure to electricity. With offices in Chicago and New York City, ElectronX is building the missing financial infrastructure and risk management tools necessary to smooth the path for U.S. energy production, diversification and grid expansion in a time of rapidly increasing power demand.
ElectronX is a venture capital-backed startup supported by premier VC partners including Innovation Endeavors, Systemiq Capital, Equinor Ventures, Shell Ventures LLC, DCVC, Amplo, BoxGroup and Lightning Capital.
Who are we looking for?
As a fast-growing company in the highly competitive, quantitative capital markets industry, ElectronX values candidates who are resourceful, curious and adaptable to change. Our cultural focus on innovation requires collaborative and entrepreneurial teammates with the intellectual grit necessary for near- and long-term success.
ElectronX is building a CFTC-regulated Derivatives Clearing Organization from the ground up, and risk management is the backbone of everything we do. As we expand across all U.S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the enterprise risk framework that makes it all possible. This role works in close partnership with and in support of ElectronX's Chief Risk Officer to build and execute that framework.
This isn't a role where you inherit a risk program and maintain it. You're building it. You'll define how ElectronX thinks about risk across every dimension: market, credit, counterparty, operational, and liquidity. You'll set the risk appetite for a fast-growing exchange, stand up the monitoring and surveillance infrastructure, and make sure we're not just compliant but ahead of where regulators are going.
The right person has seen risk management done well at established institutions and knows what to take from that experience and what to leave behind. You want to build a risk function that's modern, quantitative, and designed for the speed and complexity of energy markets.
What will you be doing?
Enterprise Risk Framework
  • 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.

Market & Credit Risk
  • 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.
  • Own recovery and resolution planning.

Operational & Liquidity Risk
  • 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.

Regulatory
  • 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.

Team & Stakeholders
  • 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.
What we need from you
Technical Acumen
  • 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.

The Right Mindset
  • Frameworks first: You think in frameworks, not checklists.
  • Practical rigor: You're someone who builds risk programs that are robust enough to satisfy regulators and practical enough that the business actually uses them.
  • Rigor with speed: You balance rigor with speed because you understand that in a startup, waiting for perfection means falling behind.
  • Clear communicator: You're a clear communicator who can make risk concepts accessible to the Board, to engineers, and to commercial teams.
  • Builder mentality: You want to build something from scratch and put your stamp on it.

Nice to Have
  • FRM, PRM, CFA, or equivalent certification.
  • Experience in energy or commodity risk management.
  • Background at a DCO or CCP during a launch or major expansion phase.
  • Knowledge of real-time payments, digital asset risk, or emerging market infrastructure.
  • Established relationships within the clearing and risk management community.
  • Experience with international risk frameworks and cross-border regulatory coordination.
Benefits
  • Health, vision and dental insurance
  • 401(k) match
  • Supplemental health and disability insurance
  • Unlimited vacation
  • Parental leave

Equal Opportunity Statement:
ElectronX is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
This position is not eligible for immigration sponsorship.

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