Location
New York, NY | United States
Job description
A leading global investment bank is seeking to add a VP of Market Risk for the New York City location. The VP of Market Risk will be responsible for performing the daily risk reporting of various US trading desks’ activity, increasing the efficiency of the ERM function via automated solutions, supporting ERM in the engagement of new risk initiatives, as well as working on ad hoc projects as required. The ideal candidate must be a motivated self-starter with excellent analytical and technical skills with the ability to prioritize and manage a complex workload. As the role requires constant interaction with the firm’s various business units and geographies, it is critical that the candidate is able to clearly and concisely communicate complex issues.
Responsibilities
- Perform the daily risk reporting of the US Equity & Fixed Income trading books, including Value at Risk (VaR) and stress testing.
- Continue to enhance and improve the firm’s suite of market risk reports with the aim of producing the most succinct and accurate assessment of market risk for management.
- Monitor firm risk limits and report any breaches to management.
- Develop and implement counterparty risk measurement and management policies, procedures and reporting.
- Maintain a database of the firm’s counterparties including the counterparty credit quality assessment and related credit limits.
- Develop and implement quality control and efficiency measures in data sources and processes.
- Assists in the bi-annual risk control self-assessment process with the firm’s business heads for inclusion in the quarterly operational risk reporting package.
- Assist in the development and enforcement of risk policies.
- Assist in the development, management, analysis and reporting of key risk indicators.
- Collaborate with the Group Risk function in Canada for the US component of the parent company risk reporting performed on a daily, monthly and quarterly basis.
- Assist with other risk management projects and initiatives, as required.
Qualifications
- Bachelor’s degree in Business, Economics, Math or Engineering.
- 7-10 years of related experience, preferably in a medium or large financial services firm, in a Risk Management function, preferably with a focus on Fixed Income.
- Experience with VaR, advanced financial modelling and statistical models.
- Experience with counterparty risk measurement and management is a plus.
- Excellent relationship building and interpersonal skills, complemented by superb oral and written communication skills.
- Demonstrated capacity to manage multiple projects independently and meet strict deadlines.
- CFA and/or FRM designation (or in process) is a plus.
- Experience with Visual Basic (VBA) and SQL is a plus.
- Excellent analytical and strategic thinking skills.
- Advanced Microsoft Excel.
- Ability to function in a fast paced, dynamic work environment, professional team player and independent worker.
Please forward all resumes in confidence to Kyle Marszalek at
[email protected]
.
Recommended Skills
- Analytical
- Certified Financial Risk Management
- Communication
- Databases
- Economy
- Finance
Job tags
Salary
