Risk Management Associate

Position: Risk Associate

Location: Chicago, IL (must live in the Chicago area or relocate before start)

Schedule: On site, five days a week at our River North offices

Type: Full-Time, direct EdgeClear employee with benefits

Experience: 0 to 2 years in brokerage operations, financial services, trading support, or another role where accuracy and judgment under time pressure were the job

Reports to: Risk Manager

Career track: Risk Associate, then Senior Risk Associate, then Risk Manager

Target start: December 1, 2026

About EdgeClear:

EdgeClear simplifies access to financial markets through outstanding trading technology, services, and solutions. We are a Chicago futures pending non-clearing Futures Commission Merchant (FCM). Our trading and risk technology is built by our sister company. We also support popular execution platforms giving our customers a diverse echo system for market access. We combine advanced technology, high-touch service, and disciplined risk management.

The Role:

Using our in-house Ai-enabled risk system, watch every customer account, position and margin balance during market hours, and act before a problem becomes a loss. When an account approaches its limits, you flag it. When an account is undermargined, you contact the client and work it to resolution with the Risk Manager. Before our FCM launch, you will learn our risk systems in depth and help build the procedures you will run after go-live. No futures risk knowledge is expected. We will train you.

Required from day one: calm judgment under time pressure, a real interest in markets, and the habit of closing every open item.

Key Responsibilities:

Live Risk Monitoring:

• Monitor customer accounts, positions and margin in real time during market hours
• Escalate accounts approaching risk limits or margin thresholds to the Risk Manager
• Enforce firm trading protocols and risk policies the same way every time

Margin Calls and Account Risk:

• Issue margin calls and follow undermargined accounts through to resolution
• Recommend liquidations under firm policy and document every risk event
• Maintain customer risk limits and settings in our risk systems

Reporting and Communication:

• Prepare daily risk reports for the Risk Manager and leadership
• Explain margin events and risk actions to clients clearly and promptly
• Answer risk questions from the Trade Desk, brokers and account managers

Before Launch:

• Learn our risk systems and take part in testing and rehearsals before FCM go-live
• Help write risk procedures, checklists and escalation paths
• Back up the Trade Desk when needed

Required Skills & Qualifications:

• Education: Completed bachelor's degree in finance, economics, business, mathematics or a another field
• Experience: 0 to 2 years in a role where accuracy and judgment under time pressure were the job
• Markets: A genuine interest in futures, trading and risk, shown through coursework, personal trading, competitions or work
• Judgment: Make sound decisions quickly, and escalate early when unsure
• Accuracy: Get numbers and account details exactly right, every time
• Excel: Lookups, pivot tables and formulas you build yourself
• Communication: Clear, concise and calm, including when delivering bad news to a client
• Licensing: Willingness to sit the Series 3 within the first year (sponsored)
• Work authorization: Authorized to work in the United States; no visa sponsorship available
• Attitude: Completing the circle and Coachable

Other Preferred Skills:

• Futures markets: Familiarity with futures, margin or trading execution systems
• Trading platforms: Exposure to any trading software (trained on the job)
• Brokerage experience: Broker-dealer, FCM, prop firm or other financial brokerage, or FINRA licenses
• Series 3 already passed
• Trading and/or investing experience welcome

Growth Path (milestones, not time served):

1. Monitor accounts and handle margin calls on your own during the US session
2. Make escalation and liquidation recommendations within policy with limited supervision
3. Pass the Series 3
4. Own daily risk reporting and keep risk procedures current
5. Train a backup

Compensation:

Base salary of $60,000 to $70,000, plus discretionary annual bonus, health insurance, and a 401(k) plan with up to 4% employer match.

Why Join EdgeClear?

• Work at the core of risk management for a futures brokerage becoming an FCM
• Gain direct exposure to live markets and real risk decisions from day one
• Learn from experienced professionals across brokerage, trading and technology
• Grow on a defined track toward Risk Manager
• Work with a team that has a great culture and personal connection

How to Apply:

Include a short note (150 words or less) in the Summary section of your application about a time you noticed something was wrong before anyone else, under time pressure: what you saw, what you did, and how it turned out.

Equal opportunity employer.