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Risk Manager – Commodities

DRW, Chicago

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DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 900 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration. 

DRW is looking for a commodities risk manager to join the DRW Risk Management team.  Our team oversees a set of widely diversified, global trading activities, including growing energy and agriculture trading teams. 

Responsibilities:

DRW’s Risk Team acts as an independent check on our trading desks.  Each risk manager is responsible for working with a set of assigned desks to parameterize their specific risks, measure and monitor trading activity. 

Requirements:

  • Experience in market risk within the commodities space
  • Knowledge of energy and agriculture derivative markets
  • Experience trading and managing risk in complex options portfolio preferred
  • Experience in other asset classes helpful
  • Strong communications skills
  • Some programming capabilities
  • Degree in a STEM field helpful
  • Location: Chicago or Houston

Bonus points:

  • Experience with physical energies, specifically North American crude and refined products

 

 

About DRW

DRW was founded by Don Wilson, who got his start trading on the floor of the Chicago Mercantile Exchange in the late 1980s. Every trader on the floor had a three letter acronym for identification—Don chose his initials, DRW, and the name stuck. Over the past 25 years, DRW has expanded globally while staying true to what has always set us apart…our ability to identify and capture opportunities by leveraging technology, research and risk management. Our Approach We characterize our trading activity as following three general approaches — Liquidity providing: making markets, buying and selling products every day, with execution on a trading floor, over the phone and electronically Risk taking: doing our homework, formulating a view and putting on a position. Some positions are held for a few days, some for a few months or even years. Latency sensitive: combining research and risk management with superior technology and execution Trading in any asset class might include just one of these or may bring together all three; it all depends on what we see as the right strategy in that market. Our knowledge of the markets, pricing and modeling skills, risk management, and leading technology work together to create liquidity, improve market efficiency, and capture opportunities. Our Culture DRW combines the best of both worlds: the opportunity and spirit of a startup and the stability of an established, experienced firm. Our employees work hard to solve interesting problems, and their results are rewarded. We value continuous learning—from our outcomes, from the environment and from each other. It’s a place of high expectations, deep curiosity, and constant collaboration, with some of the smartest, most passionate people you’ll meet.

Want to learn more about DRW? Visit DRW's website.