Join Our Team as a Financial Risk Analyst
Location: Chicago, IL (Hybrid)
Phillip Capital Inc., located in Chicago, is dually registered with the SEC/FINRA as a self-clearing broker dealer and the Commodity Futures Trading Commission (CFTC) as a registered Futures Commission Merchant (FCM). We serve professional traders and institutions with customized clearing, custody, and global market access solutions.
What We Offer
At Phillip Capital, we foster an environment where you can enhance your skills and make significant contributions to your team and the organization. Our culture prioritizes integrity, accountability, open communication, and continuous improvement, focusing on long-term growth. Our office, situated in the iconic Board of Trade Building, provides easy access to Metra and CTA lines, alongside proximity to restaurants, parks, shopping, and cultural institutions. Enjoy amenities such as an onsite gym, indoor bicycle parking, a game room, and a rooftop deck with stunning views.
About the Role
We are on the lookout for a motivated Financial Risk Analyst to join our Risk Management team. This pivotal role supports our firm in managing financial, market, credit, and operational risks across our trading and clearing activities. The perfect candidate will possess strong analytical abilities, a solid understanding of broker dealer and FCM regulatory frameworks, and the capacity to thrive in a fast-paced, dynamic environment.
What You Will Do
Risk Monitoring & Analysis
- Monitor intraday and end-of-day market, credit, and liquidity exposures across equities, options, futures, and other listed derivatives.
- Conduct thorough risk assessments on client trading activity, position concentrations, margin requirements, and collateral sufficiency.
- Evaluate clearing fund, initial margin, and variation margin calculations for accuracy and compliance.
Reporting & Governance
- Generate daily, weekly, and monthly risk reports for senior management, highlighting key metrics, limit breaches, and significant trends.
- Support ongoing enhancements to the firm's risk dashboards, stress testing models, and exposure monitoring tools.
- Assist in fulfilling regulatory reporting requirements, including those of FINRA, SEC, CFTC, and NFA.
Stress Testing & Scenario Analysis
- Execute stress tests and scenario analyses for market volatility, extreme price movements, and client default simulations.
- Collaborate with quantitative teams to refine modeling methodologies and ensure compliance with clearing and regulatory standards.
Risk Controls & Issue Management
- Identify emerging risks, control gaps, and process inefficiencies; propose and implement effective mitigation strategies.
- Support the surveillance of limit frameworks such as capital adequacy limits, counterparty exposure limits, and liquidity thresholds.
- Assist with incident investigations and post-event analyses.
- Troubleshoot issues faced by clients.
Cross Functional Collaboration
- Partner with Compliance, Operations, Treasury, and Technology to ensure effective end-to-end risk management.
- Participate in audits, regulatory exams, and internal reviews by providing necessary documentation, data, and expertise.
Qualifications
- Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field.
- 3-5 years of experience in risk management, preferably within a broker dealer, FCM, clearing firm, or derivatives-focused financial institution.
- Series 3 and 7 licenses (or ability to obtain within three months of starting).
- Willingness to work evenings and weekends when necessary.
- Strong understanding of margining methodologies (e.g., SPAN, TIMS, VaR based systems).
- Familiarity with U.S. regulatory frameworks including SEC, FINRA, CFTC, NFA, and exchange-specific rules.
- Advanced Excel skills along with proficiency in risk systems, SQL, or data analysis tools.
- Exceptional analytical, problem-solving, and communication skills.
To be considered for this exciting opportunity, please apply via LinkedIn or send your resume directly to careers@phillipcapital.com with 'Risk' in the subject line. Phillip Capital Inc. will not consider candidates sent by recruiters for this position.