Risk Manager

As a Risk Manager at DRW in Chicago, you will have a range of responsibilities including daily monitoring of trading portfolios, development of risk frameworks for various strategies, and communication of risk-related information to trading teams. You'll analyze market dynamics and risk exposures, ensuring that trading activities align with established limits while also providing impactful reporting to senior management.

To qualify for the Risk Manager role at DRW, candidates should possess a Bachelor's degree, with an advanced degree in a quantitative field being desirable. Previous risk management experience is essential, along with a strong quantitative background and substantial data analysis skills. Familiarity with tools like SQL, VBA, Python, or R, and understanding of US regulatory frameworks are critical for success in this position.

Successful Risk Managers at DRW need to exhibit strong analytical skills, sound judgment, and the ability to communicate complex risk-related information effectively. Proficiency in programming and data analysis, particularly with tools such as SQL and Python, is crucial. A solid understanding of equities and options trading, along with the ability to work independently and proactively, will set candidates apart in this role.

At DRW, collaboration is key. As a Risk Manager, you'll work closely with various trading teams, sharing insights and communicating risks in a positive, open-minded environment. The firm encourages curiosity and respect, creating a culture where team members can thrive together and contribute meaningfully to the risk management framework and trading portfolio activities.

The Risk Manager role at DRW is unique due to the firm's commitment to innovation and autonomy in decision-making. With DRW operating across multiple asset classes and utilizing cutting-edge technology, Risk Managers have the opportunity to not only safeguard operations but also to shape strategic trading frameworks in a dynamic environment, making a distinct impact on market performance.

When approaching risk assessment, I prioritize an analytical review of trading activities, involving quantitative modeling and historical data analysis. I ensure I communicate my findings clearly to stakeholders while remaining open to feedback and adjustments in methodology to fit the ongoing market dynamics.

Certainly! In my previous role, I identified an emerging risk in our trading strategy due to increased market volatility. I promptly organized a meeting with the trading team to discuss risk parameters, resulting in the adjustment of our limits and implementing a new protocol for monitoring real-time market changes to mitigate future impacts.

I have extensive experience using tools like SQL and Python for data extraction and analysis. Additionally, I've leveraged VBA for automating reporting processes, which helps in streamlining communication of risk factors to various stakeholders efficiently.

I prioritize risk measures by assessing the volatility and potential impact on overall portfolio performance. Collaborating with trading teams allows me to understand the nuances of each strategy better, so I can tailor risk management practices that align with both market conditions and the firm’s objectives.

I possess a solid understanding of the US regulatory framework, particularly the roles of agencies like FINRA. I ensure that risk management practices comply with regulatory requirements and involve regular communication and collaboration with regulators to stay updated on any changes that may impact our strategies.

I stay current with market dynamics by continually researching financial news, subscribing to industry reports, participating in webinars, and engaging with professional networks. This ensures I understand real-world drivers affecting portfolio performance and allows me to adjust risk strategies proactively.

My experience in equities and equity options trading involves not just monitoring trades but also analyzing option pricing models and their implications on overall risk. This background equips me to make informed decisions based on both quantitative data and market sentiment, ensuring sound risk management.

Handling conflicts effectively requires open communication and a collaborative approach. I encourage discussions that lead to a comprehensive understanding of differing viewpoints, seeking a consensus that aligns with our risk management framework and the overall trading strategy of the firm.

I implement strategies that emphasize continuous improvement through feedback loops and technology integration. By refining reporting tools and establishing clear guidelines for risk monitoring, I drive efficiency and enhance the overall quality of risk management within the organization.

I am drawn to DRW's commitment to innovation and a collaborative culture. The diverse trading portfolio and emphasis on autonomy align perfectly with my career vision. I look forward to contributing to DRW’s success by applying my skills in risk management in such a dynamic and reputable firm.