Risk Management Associate

Position: Risk AssociateLocation: Chicago, IL (must live in the Chicago area or relocate before start)Schedule: On site, five days a week at our River North officesType: Full-Time, direct EdgeClear employee with benefitsExperience: 0 to 2 years in brokerage operations, financial services, trading support, or another role where accuracy and judgment under time pressure were the jobReports to: Risk ManagerCareer track: Risk Associate, then Senior Risk Associate, then Risk ManagerTarget start: December 1, 2026About 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 hoursEscalate accounts approaching risk limits or margin thresholds to the Risk ManagerEnforce firm trading protocols and risk policies the same way every timeMargin Calls and Account Risk:Issue margin calls and follow undermargined accounts through to resolutionRecommend liquidations under firm policy and document every risk eventMaintain customer risk limits and settings in our risk systemsReporting and Communication:Prepare daily risk reports for the Risk Manager and leadershipExplain margin events and risk actions to clients clearly and promptlyAnswer risk questions from the Trade Desk, brokers and account managersBefore Launch:Learn our risk systems and take part in testing and rehearsals before FCM go-liveHelp write risk procedures, checklists and escalation pathsBack up the Trade Desk when neededRequired Skills & Qualifications:Education: Completed bachelor's degree in finance, economics, business, mathematics or a another fieldExperience: 0 to 2 years in a role where accuracy and judgment under time pressure were the jobMarkets: A genuine interest in futures, trading and risk, shown through coursework, personal trading, competitions or workJudgment: Make sound decisions quickly, and escalate early when unsureAccuracy: Get numbers and account details exactly right, every timeExcel: Lookups, pivot tables and formulas you build yourselfCommunication: Clear, concise and calm, including when delivering bad news to a clientLicensing: Willingness to sit the Series 3 within the first year (sponsored)Work authorization: Authorized to work in the United States; no visa sponsorship availableAttitude: Completing the circle and CoachableOther Preferred Skills:Futures markets: Familiarity with futures, margin or trading execution systemsTrading platforms: Exposure to any trading software (trained on the job)Brokerage experience: Broker-dealer, FCM, prop firm or other financial brokerage, or FINRA licensesSeries 3 already passedTrading and/or investing experience welcomeGrowth Path (milestones, not time served):Monitor accounts and handle margin calls on your own during the US sessionMake escalation and liquidation recommendations within policy with limited supervisionPass the Series 3Own daily risk reporting and keep risk procedures currentTrain a backupCompensation: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 FCMGain direct exposure to live markets and real risk decisions from day oneLearn from experienced professionals across brokerage, trading and technologyGrow on a defined track toward Risk ManagerWork with a team that has a great culture and personal connectionHow 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.