ABN AMRO Clearing USA LLC
Manager, Quantitative Risk Management
ABN AMRO Clearing USA LLC, Chicago, Illinois, United States, 60290
Talent Acquisition & Human Resources Professional - Coinbase Alum | Early Uber Alum
About ABN AMRO Clearing USA LLC:
ABN AMRO Clearing USA LLC (AAC-USA) is a subsidiary of ABN AMRO Clearing Bank N.V. (AACB) We are a global clearing firm that provides an integrated suite of financial services to professional trading participants in the global financial market.
The core service offering consists of clearing, execution, settlement, and stock borrowing and lending. AAC-USA has a Global Reach through direct and indirect clearing memberships to over 90 of the world’s leading exchanges. Our international network provides comprehensive market access to exchange-listed instruments such as stocks, futures, and options. ABN AMRO Clearing USA LLC-Member FINRA, NFA, FIA and SIPC.
Job Overview:
The Manager, Quantitative Risk Management is part of an international team of risk and modeling professionals. This role reports regionally to the Chief Risk Officer of AAC-USA and globally to the Global Head of Quantitative Risk Management. In collaboration with both local and global team members, the position involves developing creative and innovative solutions for the business and its clients. Cooperation with IT and various risk teams is essential, working in an agile environment to organize, develop, and implement solutions within IT systems.
The Manager, Quantitative Risk Management plays a critical role in enabling AACB to make informed, data-driven decisions. This position oversees the development and maintenance of risk models and data frameworks, while also providing mentorship and business expertise to team members during model development and enhancement. The role is accountable for achieving key project objectives through collaboration with colleagues from diverse risk backgrounds.
This position is based in our Chicago office and requires a min of 3 days per week onsite in office.
Job Responsibilities:
Manage 1 locally based team member with potential for further growth
Provide out of the box solutions to improve the current existing client market risk model
Work closely together with local risk managers, QRM colleagues from other locations and IT Risk Cluster to understand the stakeholder needs and to improve the current risk model and data input and output
Identify data related issues and work with the data owners to address said issues to improve data quality feeding the risk systems
Develop analytical tools complementing the existing client market risk model in order to capture risks not properly reflected by the current model
Regular back-testing of the client market risk model to signal potential model deficiencies.
Perform regular model monitoring and review activities to ensure the model performs as expected
Investigate other risk and pricing models that might perform better for certain asset classes / products than our currently applied methodologies
Collaborate with other risk teams within the global organization to align capabilities within AACB
Maintain a good working relationship with the model validation department to ensure that all model risks are managed adequately
Basic Qualifications:
7+ years of experience in market risk model development or validation (e.g., VaR, Expected Shortfall, Monte Carlo)
Master’s in a quantitative field (e.g., Econometrics, Mathematics, Statistics, or Quantitative Finance)
Strong knowledge of financial markets, instruments (stocks, bonds, derivatives), and clearing processes
Expertise in derivative pricing models (e.g., Black‑Scholes, Binomial) and volatility modeling
Proven experience managing and mentoring direct reports
Proficient in Python; familiarity with C++, SQL, Tableau, and Dataiku is a plus
Skilled in handling large datasets; proficient in Microsoft Office
Interest in AI and Machine Learning is advantageous
Detail‑oriented, organized, and capable of managing multiple projects
Excellent communication skills; able to explain complex risk concepts clearly
Proactive problem‑solver with a collaborative mindset and relationship‑building skills
Team player who takes initiative and motivates others
Preferred Qualifications:
Affinity with Artificial Intelligence and Machine Learning
Annual base salary, not including discretionary bonus eligibility: $150,000+
Perks and Benefits:
As a global leader in financial services, we rely on our employees to deliver their best work for our clients. We invest in our employees by offering a host of benefits and perks.
Flexible hybrid work schedules (generally a minimum of three days per week onsite) with a one‑time stipend to help improve hybrid working capabilities
Generous paid time off, sick days, market‑based holiday schedule, sabbatical leave, parental/bonding leave plan and volunteer day off
Competitive health benefit offerings, including choice of medical plans through BCBS-IL, dental plan, vision and flexible spending accounts
Complimentary annual membership to One Medical, a dedicated EAP and a benefits concierge service
Employer paid benefits such as term life, AD&D and disability insurance
Robust 401(k) Plan with a generous match and vesting schedule
Annual learning stipend and tuition assistance program to help employees pursue additional education
Company‑issued laptops and role dependent mobile stipend
Corporate Divvy memberships and pre‑tax commuter benefits
Monthly wellness subsidy available to be used towards wellness and fitness activities
Regular, open communication including monthly Town Hall meetings with the Management Team
A matrixed, culture‑based organization with collaborative teams that promote diversity, equity and inclusion
Weekly lunch credit, Free coffee & tea, fresh fruit and snacks, “bagel Wednesday” and monthly treats to celebrate workiversaries and birthdays
Employee‑led committees to bring awareness and inclusive activities to our employees
Modern open office with a large kitchen/meeting gathering area – including foosball and ping pong tables
Private, well‑equipped Mother’s room
Office is conveniently located in the Chicago Loop Financial District – close to CTA and Metra
Well‑maintained building (an architectural “masterpiece”) and a part of Chicago history – with a robust business center, gym, restaurants, café, game room and a shared rooftop terrace with green space
This information is intended as a summary of potential benefits only. Eligibility for the plans and programs listed here depends on the nature of employment, length of service and other factors. Actual coverage is governed by supporting summary plan descriptions and related policies.
Notice and Disclaimer to External Recruitment Agencies:
External recruitment agencies must have a signed agreement with ABN AMRO Clearing USA, LLC (“AAC-USA”) prior to submitting a resume to fill a vacancy. In addition, a recruitment agency may only submit a resume when invited in writing by an AAC-USA Talent Acquisition Specialist to join the search to fill a specific vacancy. Any resume or other candidate information sent to AAC-USA not in accordance with the foregoing procedure will be considered exclusive property of AAC-USA, with respect to which no placement fee will be due, owing or paid to the sender.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance
Industries Financial Services, Banking, and Investment Banking
ABN AMRO Clearing USA (AAC-USA) is proud to be an equal opportunity employer. AAC-USA celebrates diversity and does not discriminate on the basis of actual or perceived race; creed; color; religion; alienage or national origin; ancestry; citizenship status; age; disability or handicap; sex; marital status; veteran status; sexual orientation; status as a survivor of domestic violence, sex offenses, or stalking; genetic predisposition or carrier status; gender identity or expression; or any other characteristic protected by applicable federal, state or local laws.
We cultivate a culture of inclusion for all employees that respects individual strengths, views and experiences. This enables us to be a better and stronger team – one that makes better decisions and delivers better business results. AAC-USA participates in the E‑Verify program in the US.
#J-18808-Ljbffr
ABN AMRO Clearing USA LLC (AAC-USA) is a subsidiary of ABN AMRO Clearing Bank N.V. (AACB) We are a global clearing firm that provides an integrated suite of financial services to professional trading participants in the global financial market.
The core service offering consists of clearing, execution, settlement, and stock borrowing and lending. AAC-USA has a Global Reach through direct and indirect clearing memberships to over 90 of the world’s leading exchanges. Our international network provides comprehensive market access to exchange-listed instruments such as stocks, futures, and options. ABN AMRO Clearing USA LLC-Member FINRA, NFA, FIA and SIPC.
Job Overview:
The Manager, Quantitative Risk Management is part of an international team of risk and modeling professionals. This role reports regionally to the Chief Risk Officer of AAC-USA and globally to the Global Head of Quantitative Risk Management. In collaboration with both local and global team members, the position involves developing creative and innovative solutions for the business and its clients. Cooperation with IT and various risk teams is essential, working in an agile environment to organize, develop, and implement solutions within IT systems.
The Manager, Quantitative Risk Management plays a critical role in enabling AACB to make informed, data-driven decisions. This position oversees the development and maintenance of risk models and data frameworks, while also providing mentorship and business expertise to team members during model development and enhancement. The role is accountable for achieving key project objectives through collaboration with colleagues from diverse risk backgrounds.
This position is based in our Chicago office and requires a min of 3 days per week onsite in office.
Job Responsibilities:
Manage 1 locally based team member with potential for further growth
Provide out of the box solutions to improve the current existing client market risk model
Work closely together with local risk managers, QRM colleagues from other locations and IT Risk Cluster to understand the stakeholder needs and to improve the current risk model and data input and output
Identify data related issues and work with the data owners to address said issues to improve data quality feeding the risk systems
Develop analytical tools complementing the existing client market risk model in order to capture risks not properly reflected by the current model
Regular back-testing of the client market risk model to signal potential model deficiencies.
Perform regular model monitoring and review activities to ensure the model performs as expected
Investigate other risk and pricing models that might perform better for certain asset classes / products than our currently applied methodologies
Collaborate with other risk teams within the global organization to align capabilities within AACB
Maintain a good working relationship with the model validation department to ensure that all model risks are managed adequately
Basic Qualifications:
7+ years of experience in market risk model development or validation (e.g., VaR, Expected Shortfall, Monte Carlo)
Master’s in a quantitative field (e.g., Econometrics, Mathematics, Statistics, or Quantitative Finance)
Strong knowledge of financial markets, instruments (stocks, bonds, derivatives), and clearing processes
Expertise in derivative pricing models (e.g., Black‑Scholes, Binomial) and volatility modeling
Proven experience managing and mentoring direct reports
Proficient in Python; familiarity with C++, SQL, Tableau, and Dataiku is a plus
Skilled in handling large datasets; proficient in Microsoft Office
Interest in AI and Machine Learning is advantageous
Detail‑oriented, organized, and capable of managing multiple projects
Excellent communication skills; able to explain complex risk concepts clearly
Proactive problem‑solver with a collaborative mindset and relationship‑building skills
Team player who takes initiative and motivates others
Preferred Qualifications:
Affinity with Artificial Intelligence and Machine Learning
Annual base salary, not including discretionary bonus eligibility: $150,000+
Perks and Benefits:
As a global leader in financial services, we rely on our employees to deliver their best work for our clients. We invest in our employees by offering a host of benefits and perks.
Flexible hybrid work schedules (generally a minimum of three days per week onsite) with a one‑time stipend to help improve hybrid working capabilities
Generous paid time off, sick days, market‑based holiday schedule, sabbatical leave, parental/bonding leave plan and volunteer day off
Competitive health benefit offerings, including choice of medical plans through BCBS-IL, dental plan, vision and flexible spending accounts
Complimentary annual membership to One Medical, a dedicated EAP and a benefits concierge service
Employer paid benefits such as term life, AD&D and disability insurance
Robust 401(k) Plan with a generous match and vesting schedule
Annual learning stipend and tuition assistance program to help employees pursue additional education
Company‑issued laptops and role dependent mobile stipend
Corporate Divvy memberships and pre‑tax commuter benefits
Monthly wellness subsidy available to be used towards wellness and fitness activities
Regular, open communication including monthly Town Hall meetings with the Management Team
A matrixed, culture‑based organization with collaborative teams that promote diversity, equity and inclusion
Weekly lunch credit, Free coffee & tea, fresh fruit and snacks, “bagel Wednesday” and monthly treats to celebrate workiversaries and birthdays
Employee‑led committees to bring awareness and inclusive activities to our employees
Modern open office with a large kitchen/meeting gathering area – including foosball and ping pong tables
Private, well‑equipped Mother’s room
Office is conveniently located in the Chicago Loop Financial District – close to CTA and Metra
Well‑maintained building (an architectural “masterpiece”) and a part of Chicago history – with a robust business center, gym, restaurants, café, game room and a shared rooftop terrace with green space
This information is intended as a summary of potential benefits only. Eligibility for the plans and programs listed here depends on the nature of employment, length of service and other factors. Actual coverage is governed by supporting summary plan descriptions and related policies.
Notice and Disclaimer to External Recruitment Agencies:
External recruitment agencies must have a signed agreement with ABN AMRO Clearing USA, LLC (“AAC-USA”) prior to submitting a resume to fill a vacancy. In addition, a recruitment agency may only submit a resume when invited in writing by an AAC-USA Talent Acquisition Specialist to join the search to fill a specific vacancy. Any resume or other candidate information sent to AAC-USA not in accordance with the foregoing procedure will be considered exclusive property of AAC-USA, with respect to which no placement fee will be due, owing or paid to the sender.
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance
Industries Financial Services, Banking, and Investment Banking
ABN AMRO Clearing USA (AAC-USA) is proud to be an equal opportunity employer. AAC-USA celebrates diversity and does not discriminate on the basis of actual or perceived race; creed; color; religion; alienage or national origin; ancestry; citizenship status; age; disability or handicap; sex; marital status; veteran status; sexual orientation; status as a survivor of domestic violence, sex offenses, or stalking; genetic predisposition or carrier status; gender identity or expression; or any other characteristic protected by applicable federal, state or local laws.
We cultivate a culture of inclusion for all employees that respects individual strengths, views and experiences. This enables us to be a better and stronger team – one that makes better decisions and delivers better business results. AAC-USA participates in the E‑Verify program in the US.
#J-18808-Ljbffr