ABN AMRO Clearing USA LLC · 3 weeks ago
Manager, Quantitative Risk Management
Chicago, IL
Full-time
Hybrid
Senior Level
7+ years expABN AMRO Clearing USA LLC is a global clearing firm providing integrated financial services. The Manager, Quantitative Risk Management will oversee the development and maintenance of risk models, ensuring data-driven decision-making while collaborating with local and global teams.
Financial Services
Hiring Manager
Jo Lutow
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
Qualification
Required
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
Affinity with Artificial Intelligence and Machine Learning
Benefits
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
Company
ABN AMRO Clearing USA LLC
ABN AMRO Clearing USA LLC (AAC-USA) is engaged in the clearing of listed equities, options, and futures.
201-500 employees
H1B Sponsorship
ABN AMRO Clearing USA LLC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (7)
2024 (4)
Funding
Current Stage
Growth StageLeadership Team
Boudewijn D.
Chief Executive Officer
Jeff Arnold
Chief Operations Officer
Company data provided by crunchbase