Vice President, Market Risk Management

  • negotiable
  • Dublin, Leinster, Ireland
  • Permanent, Full time
  • Lincoln Recruitment Specialists
  • 23 Sep 16

Vice President, Market Risk Management

Vice President, Market Risk Management

Dublin, Ireland

 

Background:

Prime Services products include prime brokerage, equity financing/swap, stock borrowing and lending, and repo. The client/counterparty base compromises hedge funds, banks, asset managers and custodians.

The Risk Division will appoint a Vice President (corporate title) within the Market Risk Management (MRM) department to oversee and control the market risks taken in Dublin Branch. They will report locally to the Chief Risk Officer, Dublin Branch and functionally to the EMEA Head of Equities MRM, based in London.

 

Responsibilities:

The Vice President, MRM will be responsible for:

  • Market risk management and analysis of the Prime Services business in Dublin Branch
  • Role requires active presence on the trading desk
  • Ensure an appropriate control framework exists for Prime Services operations in Dublin Branch
  • Daily validation of the risk data through review of risk, risk moves and discussion with trading and other control functions
  • Ensure appropriate reporting framework exists
  • Daily, weekly and monthly risk commentary and supporting analysis to be provided to MRM Management, Risk Management Committees, Trading Management and Senior Management.
  • Track and explain differences between Risk Based P&L vs. Market Move P&L, improving risk based P&L where gaps are identified and challenging/escalating any issues identified
  • Conduct risk reviews/deep dives on different strategies to ensure strategies are fully understood and properly documented and that the key risks associated with the strategy are being appropriately highlighted

 

Required Skills and Experience:

 

Education:

Essential: Relevant university degree preferably in finance, risk management, or economics.

Desirable: Finance related post-graduate degree

 

Experience:

Essential: Experienced Market Risk Manager

Desirable:

  • Trading experience
  • Background in Prime Services / Delta1

 

Business Skills and Knowledge:

Essential:

  • A proven track record as a risk manager
  • Thorough understanding of Market risk principles and methods
  • Personal impact: Ability to build relationships with broad spectrum of people from junior traders to senior Managing Directors; Ability to question and challenge risks and behaviours
  • Collaborative: Communicates and works effectively with others
  • Strong analytical and quantitative skills
  • Innovative and solution orientated: Strong problem solving skills and solution orientated

 

Contact: Michael Costello – mcostello(@)lincoln.ie