Risk Manager, Nadex

Responsibilities

• Cover daily risk management responsibilities, ensuring the financial integrity, operational controls, and resilience of the clearinghouse across all listed asset classes.
• Manage and respond to regulatory requests, routine audits, and inquiries from governing bodies (e.g., CFTC, NFA, SEC).
• Oversee end-of-day settlement pricing processes and ensure the accuracy of cross-asset pricing data used for margin calculations and default management.
• Oversee the risk components of client onboarding and provide ongoing market, credit, and liquidity risk monitoring.
• Drive new product listing and product design from a clearing perspective, ensuring appropriate risk controls and cross-margining efficiencies are in place where applicable.
• Lead the design and implementation of margin models and default management/liquidation strategies for the Clearing House, stepping in during operational issues with clearing members.
• Perform quantitative research to evaluate default management procedures and systemic risk exposure.

Requirements

• 5+ years of relevant working experience in clearinghouse risk, default management, operations, or a related field (experience with a CCP is a strong plus).
• Degree or above in a quantitative discipline, with professional qualifications such as CFA and FRM an added advantage.
• Proficient in Python and SQL.
• Strong understanding of equities, commodity products, futures, perpetuals, and other derivatives, including robust knowledge of pricing, valuation, funding rates, and cross-asset risk correlation.
• Solid understanding of margin concepts, liquidations, Default Management frameworks, and direct trading experience (personal or professional).
• Familiarity with CFTC, NFA, and SEC regulations, specifically as they apply to clearinghouses and DCO rules, is a strong plus.
• Good organizational and interpersonal skills, and the ability to think critically and strive for continuous improvement.
• Deep familiarity with clearing house rulebooks, policies, and submission procedures required to maintain operational compliance and risk governance.