Market Risk Manager Jobs in Illinois (NOW HIRING)

Bringing the future into focus.

Rothera is building the premier prediction market in partnership with Robinhood and Susquehanna International Group.

By empowering traders to take positions on the events that shape our world Rothera's platform harnesses the scale and power of financial markets to produce timely, unique, and effective information discovery for leaders and decision makers to ask and answer their most important questions. 

Rothera operates at the frontier, generating market-driven forecasts that turn intuition into insight.

Rothera is hiring a Director, Enterprise Risk Management for our Chicago, Illinois office. You will help establish and maintain the overall Enterprise Risk & Governance framework for both the DCM and the DCO. The Risk Management structure ensures the safety and soundness of the organization by overseeing the identification, assessment, monitoring, and reporting of risks, including credit, liquidity, market, operational, and systemic risks. 

Reporting directly to the Chief Risk Officer, the Director will partner closely with executive leadership, and will help with Rothera's continued growth.  

• Risk Assessment & Monitoring: Maintain and enhance the enterprise risk register, integrating Risk Control Self Assessments (RCSAs), risk appetite metrics, and issue management into a consistent, scalable framework.
• Tools and Automation: Develop and implement risk metrics and monitoring tools ensuring accurate and timely reporting. Drive automation and infrastructure for risk monitoring, integrating real-time analytics into risk governance processes.
• Controls Framework: Partner with Technology, Product, Operations, Compliance, Finance and Legal to strengthen internal controls, including ITGCs, and operational controls.
• Margin Framework: Assist in development, governance, and validation of margin and risk models used by the DCO and DCM. 
• Technology & Data Risk: Collaborate with Technology and Security teams to report on data protection, and information security risk in a technology enabled business model. 
• Audit & Assurance: Manage auditor relationships, evidence collection, remediation, and ongoing control maturity.
• Regulatory Reporting: Oversee preparation of required regulatory risk reporting. 
• Product & Market Risk Strategy: Support product design and rule changes from a risk perspective. Collaborate with market surveillance teams on automated monitoring tools.

• Advanced degree in quantitative finance, econometrics/computer science, quantitative methods, or related fields preferred. 
• 7+ years of relevant financial services experience, including hands-on designing and implementation responsibility within risk management and margin/collateral efficiencies.
• Experience working with or within FCMs, DCOs, DCMs, or other systemically important financial institutions.
• Experience establishing risk governance and compliance frameworks for high-performance computing (HPC) environments.
• Professional certifications such as FRM, PRM, or CFA are advantageous.

• Knowledge of risk management practices applicable to exchange and clearing environments and the grit to do unglamorous work to achieve a goal. 
• Strong quantitative skills and experience with model development or validation.
• Ability to context switch between high-level strategy and nitty-gritty details in a high-performing entrepreneurial team.

This position has a base salary of $175,000 to $200,000 per year, plus participation in a discretionary annual incentive bonus program. 

Rothera is dedicated to advancing the careers and personal wellbeing of our team members. We are continuously exploring ways to support our employees holistically, including a 401(k) plan with employer match, health, vision, and dental insurance for employees and eligible dependents, paid time off, and much more.

If you want a critical role in a path-breaking company, you belong here. 

Rothera values initiative from individuals of all backgrounds. We are proud to be an inclusive workplace and do not discriminate on the basis of race, religion, national origin, age, disability or handicap, sex, marital status, veteran status, sexual orientation, or any other characteristic protected by applicable federal, state or local laws.

This is a full-time, in-person hybrid position. This position is not available for visa sponsorship now or in the future. Applicants must be authorized to work in the U.S. on a permanent, indefinite basis.