Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American commodity markets. Nodal Exchange is a leader in innovation, having introduced the largest sets of environmental and electric power futures and options contracts in the world. All transactions on Nodal Exchange (power, environmental and natural gas) are cleared through its wholly owned clearing house, Nodal Clear, using its award-winning portfolio margining methodology. Nodal Clear also clears a broad set of crypto futures contracts for Coinbase Derivatives Exchange. As leaders in innovation, Nodal Exchange and Nodal Clear have built in-house most of the trading and clearing platforms that fuel our business. Nodal Exchange is part of the EEX Group which is in turn part of the Deutsche Börse Group.
We are now looking for talented, innovative individuals to join our team in Tysons Corner, VA (DC Metro area).
Primary responsibilities include:
- Develop and assess risk management approaches for customer portfolios, including pricing and risk management models for existing and new environmental derivative contracts
- Conduct and review daily backtest and stress tests
- Analyze multi-million row datasets, produce reports to communicate with senior management, and create tools to automate workflows
- Conduct research and synthesize information from a variety of sources, including the internal data, model outputs, and market/industry data and research reports, to monitor the competitive landscape and support the development of new contracts and services
- Manage inquiries from both internal (senior management and the Board) and external (customers and regulators) sources regarding the exchange operations
- Maintain and improve default management framework of the clearing house
The ideal candidate will possess both a significant attention to detail, as well as an ability to synthesize broader patterns and business logic into recommendations to support the development of the exchange and the clearing house. This is a hands-on role, and candidates should be excited to actively participate in delivering meaningful solutions and results
Requirements:
- Bachelor’s degree or higher in quantitative finance, economics, statistics, applied mathematics, engineering or comparable area
- 5+ years of experience working in quantitative analytical roles, ideally in financial service markets
- 3+ years of experience in a credit/market risk management role
- Proficient in scripting language, such as Python or R (at least one is required)
- Strong problem-solving ability
- Strong communications skills
Preferred:
- Market risk management experience, ideally at an exchange, a clearing house, or an FCM (futures commission merchant)
- Experience in assessing counterparty credit risk, including credit monitoring and financial statement analysis, particularly for banking counterparties
Physical requirements:
- Ability to work a hybrid schedule (3-days a week) onsite in Tysons Corner office
Salary Range: $135k - $190k total compensation per year
Pay Transparency Notice: The salary range is based on the D.C. metro area. The successful candidate’s starting salary will vary depending on permissible, non-discriminatory factors including but not limited to qualifications, skills, and experience. Nodal also offers a wide range of benefits and perks for full-time employees, which may include target bonuses.
Nodal Employee Benefits and Perks:
Nodal offers its employees a wide range of benefits designed to support health, well-being, and work-life balance:
https://nodalexchange.pinpointhq.comNodal Exchange, LLC does not discriminate on the basis of race, color, religion, sex, gender, sexual orientation, gender identity or expression, pregnancy, parental status, marital status, citizenship, national origin, age, disability, genetic information, military status, veteran status, physical or mental health, hairstyle, or any other characteristic protected by federal, state or local law with respect to recruitment, hiring, training, promotion, or in any other terms and conditions of employment.
Nodal Exchange is an E-verify participant.
Applicants for this position must be currently authorized to work in the United States on a full-time basis
