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Experienced Risk Manager

IMC Trading · Chicago, IL · Risk Management (Group)

Posted Sep 30, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a time you spotted a risk before it turned into a loss.

What they are checking: Proactive monitoring and the judgment to raise concerns early.

Tell me about a risk tool you helped design with engineers. What did you learn?

What they are checking: Experience working with software engineers to turn risk ideas into systems.

How would you explain a large risk concentration to senior leadership in two minutes?

What they are checking: Clear, concise communication with leadership, given the role's direct exposure to them.

What would you do

Risk here sits with trading, not apart from it. How do you challenge a trader's assumption without becoming the person they avoid?

What they are checking: Ability to be integrated and trusted while still pushing back when it matters.

A new trading strategy is launching soon with no existing risk methodology. How do you approach it?

What they are checking: Ability to build frameworks for emerging strategies instead of waiting for a template.

A trader is near a limit on a day markets are moving fast and asks for a temporary increase. What do you do?

What they are checking: Judgment under pressure that balances trading opportunity against firm safety.

About the work

How would you measure and limit the risk of a Delta One book that is mostly hedged but carries basis risk?

What they are checking: Real understanding of Delta One products and where hedged positions can still lose money.

Walk me through how you'd build a stress scenario for an ETF arbitrage book.

What they are checking: Practical scenario design that covers creation and redemption, liquidity gaps and correlated moves.

How do you think about capital usage alongside market risk when a desk wants to grow a strategy?

What they are checking: Breadth across market, capital and credit risk, which the team's broad mandate requires.

What operational risks worry you most in an electronic trading firm?

What they are checking: Awareness of risks like runaway algorithms, fat-finger errors and reference data mistakes.

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The full job description

As published by IMC Trading.

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with trading—we don't operate as a separate control function. Instead, we work sideby-side with traders and technology teams to understand risk, challenge assumptions, and help build the frameworks that support better trading decisions. Our team has a broad mandate across market, credit, capital, and operational risk. Rather than assigning rigid responsibilities, we encourage people to contribute wherever they can have the greatest impact. You'll collaborate daily with traders, quantitative researchers, and software engineers while helping shape the firm's approach to risk across existing and emerging trading strategies. This is an opportunity to join a highly collaborative team with significant visibility across the business, direct exposure to senior leadership, and the ability to influence both day-to-day trading decisions and the long-term evolution of IMC's risk framework.      Your Core Responsibilities:  • Partner closely with traders to identify, monitor, and manage risk across a wide range of trading strategies  • Monitor and analyze market, credit, capital, and operational risks across IMC's portfolios • Develop and enhance risk methodologies for products including equities, ETFs, futures, and other exchange-traded instruments  • Analyze concentration risk, tail-event scenarios, and other portfolio-level exposures to improve risk visibility and decision-making  • Build and enhance quantitative risk tools, reporting, and monitoring frameworks using Python  • Partner with software engineering teams to improve risk infrastructure and automate risk workflows  • Work closely with traders to evaluate new strategies, products, and markets while ensuring appropriate risk controls are in place • Challenge existing processes and propose new frameworks that improve how IMC understands and manages risk    Your Skills and Experience:  • 5+ years of experience in financial risk management, quantitative risk, or a related front-office risk function • Experience supporting exchange-traded products such as equities, ETFs, futures, or other linear products • Familiarity with Delta One trading strategies • Strong analytical and quantitative problem-solving skills   • Proficiency in Python for data analysis, risk analytics, or automation  • Working knowledge of SQL is preferred • Ability to communicate complex quantitative concepts to traders, engineers, and business stakeholders • Comfortable working in a highly collaborative, fast-paced environment with significant ownership and autonomy • FINRA SIE and Series 57, or willingness to obtain them after joining IMC   Please note that immigration sponsorship is not offered for this specific opening.   The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information. Salary Range $150,000 — $210,000 USD About Us IMC is a research-driven trading firm where quantitative modeling, machine learning, and engineering shape how modern markets are traded. A stabilizing force in markets since 1989, we provide liquidity across trading venues, delivering the best outcome in value and risk management to investors. Using our own technology and capital, we build proprietary systems and algorithms that operate across global markets. Our researchers, traders, and engineers work as a collective, combining rapid experimentation, advanced infrastructure, and real-time feedback to turn insight into execution and execution into advantage.  

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