Head of Market Risk - Director Head of Market Risk - Director …

Mondrian Alpha Recruitment Solutions
in New York, NY
Permanent, Full time
Last application, 03 Aug 21
High Salary + Bonus + Health and Dental + Share Options
Mondrian Alpha Recruitment Solutions
in New York, NY
Permanent, Full time
Last application, 03 Aug 21
High Salary + Bonus + Health and Dental + Share Options
Posted by:
Matt Ellis • Recruiter
Mondrian Alpha Recruitment Solutions
Posted by:
Matt Ellis
Recruiter
Our client, a large international Investment Bank seeks a Senior Market Risk Manager, preferably with a trading background, to act as the regional lead for a key business group, operating between the 1st and 2nd Lines of Defence. Due to the seniority of this position, we are looking for someone with significant leadership experience and also a person versed in external regulatory engagement exposure.

The successful candidate will likely have significant Valuations Policy, Controls, and Market Risk (VaR) experience and will lead an expanding function responsible for designing, implementing, and leading an enhanced strategic control framework implementation. A preference is to identify candidates with experience with Market Risk Limits and Stress Frameworks, exposure to market liquidity, and associated measures. Working knowledge of ‘greeks’ and exposure to more than 2 asset classes (Rates, FX, Credit, equities etc) is essential.

 

This group covers inventory and collateral valuations, market risk, and related risk factor sensitivities, model risk including model methodologies, development, and documentation. Successful execution will require partnership with traders, quants, Technology, and Risk Management while leading engagements with Internal Audit and regulators. 

 

This is a highly visible position, sat under the Head of Front Office Risk, collaborating with key strategic personnel from around the business. We are looking to find candidates who have worked for a bulge-bracket Investment Bank, and who understand the complexity of an organization of this size. 

 

Key Responsibilities:  

Assist in the design and implementation of this bank's Markets 1st Line Price Risk control framework covering Market, Model, and Valuation risk
Develop a global, cross-regional team of highly skilled individuals with diverse experience in related disciplines
Develop and execute remediation plans, contributing to the banks broader risk program
Deliver Price Risk components of this banks Derivatives & Securities Financing Transactions program including stress testing and risk management capabilities
Partner with Technology to deliver front-to-back technology infrastructure enhancements
Establish risk standards across the entire markets business, perform current state assessments and drive remediation
Implement an ongoing testing and continuous monitoring framework, including lessons learned process
Deliver enhanced reporting, escalation, and governance
Strategic project management, status tracking, and reporting to various governance fora
Work with Business and 2nd Line Risk Management to support market risk violation assessments, governance, and reporting
Ensure consistent ongoing application of controls and monitoring across markets leveraging MCA framework (Manager Control Assessments)
Partner with ICRM, ORM, and Internal Audit to support and respond to independent assessments
Manage interaction with various global regulators

 

Qualifications and Competencies:

15 years’ experience ideally in Capital Markets, Market Risk, or similar 1st or 2nd Line risk management roles
Strong track record in strategic design and project management implementation, delivering complex solutions
Solid knowledge of derivatives & securities financing, market, model, and valuation risk management
Strong organizational leadership and influencing skills
Ability to articulate a strategic vision and impact & influence others
Works well under pressure and in tight deadlines

 

Apply now following the link below, or send your resume directly to me@mondrian-alpha.com.

Mondrian Alpha Recruitment Solutions logo
More Jobs Like This
See more jobs
Close
Loading...
Loading...