Operational Risk Manager

About Us :

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Overview:

DV is looking for an Operational Risk Manager who has worked close to a trading business, understands how trading controls operate in practice, and is comfortable independently investigating issues and driving work across multiple teams. This role focuses on market access and pre-trade risk controls, trading limit review and control testing, and operational/trading incident management, working directly with Trading, Technology, Risk, and Compliance.

Job Responsibilities:

Manage market access and pre-trade risk controls

Perform trading limit review and control testing

Manage operational/trading incidents, including independently investigating issues and driving work across multiple teams to completion

Work directly with traders and Technology teams

Prepare risk-related documentation and respond to information requests, reviews, and counterparty risk questionnaires

Work effectively with Trading, Technology, Risk, and Compliance

Support new trading businesses, products, systems, and regulatory initiatives

Improve and automate risk processes

Develop policies and procedures

Requirements:

Approximately 5–10 years of relevant experience in operational risk, trading risk, electronic trading controls, or a related financial markets role

Strong preference for experience at a proprietary trading firm, market maker, broker-dealer, or other fast-paced trading environment; candidates from larger financial institutions can be a fit if they have relevant experience supporting an electronic execution or algorithmic trading business

Strong understanding of market access/pre-trade risk controls, trading limits, control testing, and incident management

Experience working directly with traders and Technology teams

Experience preparing risk-related documentation and responding to information requests, reviews, or counterparty risk questionnaires is preferred

Strong written and verbal communication skills

Bachelor's degree

Skills:

Market access and pre-trade risk controls

Trading limit review and control testing

Operational/trading incident management

Strong analytical and problem-solving skills

Strong verbal and written communication

Ability to work effectively with Trading, Technology, Risk, and Compliance

Ability to independently own and drive work to completion

Proactive and takes initiative

Independent and comfortable learning unfamiliar subject matter

Strong follow-through and accountability

Collaborative and responsive

Builds strong working relationships across different teams, personalities, and seniority levels

Diplomatic but willing to challenge when appropriate

Comfortable operating in a fast-moving environment with competing priorities

Preferred Skills:

Experience with clearing and executing broker risk questionnaires

Policy and procedure development

Experience supporting new trading businesses, products, systems, or regulatory initiatives

Experience improving or automating risk processes

Benefits:

Discretionary bonus eligibility

Medical, dental, and vision insurance

HSA, FSA, and Dependent Care Options

Employer Paid Group Term Life and AD&D insurance

Voluntary LTD, Life & AD&D insurance

Flexible Vacation policy

Retirement plan with employer match

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV ’s posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV , and no fee will be paid in the event the candidate is hired by DV . DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees. The range below reflects the expected base salary for this position. It represents a good-faith estimate of the base pay we anticipate offering, with actual compensation determined by your experience, education, skills, and performance throughout the interview process. This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading's benefits package, including the benefits listed above.

Base Salary Range $175,000 — $225,000 USD