DIVISION AND DEPARTMENT OVERVIEW

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The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.
 
Market Risk is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firmâ_x0080__x0099_s market risks. The group acts as a key stakeholder in ensuring that the firmâ_x0080__x0099_s business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firmâ_x0080__x0099_s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.

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KEY RESPONSIBILITIES

• Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1^st line risk takers
• Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
• Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
• Proactive identification of emerging risks (e.g. basis risks, crowded trades)
• Limit/threshold/alert setting
• Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
• Dissemination of information and education of stakeholders through effective and timely communication and collaboration
• Communication with senior management and regulators

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QUALIFICATIONS

• One to three yearsâ_x0080__x0099_ experience in market risk management or similar role with transferable skills
• Strong academic record with Bachelorâ_x0080__x0099_s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
• Understanding of financial products including their risk/reward tradeoffs
• Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
• Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
• Ability to code desirable
• Proven problem solving ability and control mindset
• Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
• Desire and ability to collaborate with people from different departments and levels of seniority
• Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)

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