Chief Risk Officer recruitment
Key objectives of the role will be to identify and manage market, operational, and credit risk and to integrate risk management across trading, clearing, treasury and finance. This role will work with risk team associates, including a developer and a quantitative risk modeler to implement risk management practices throughout the firm. Candidates should have a strong knowledge of options, as well as an understanding of new-paradigm electronic and algorithmic trading. The firm’s key risks involve ensuring that constantly evolving technology platforms, based at the world’s exchanges, are accurately tracking and measuring firm positions for input into risk engines and models.
RESPONSIBILITIES
- Partner with leadership to develop, improve and maintain the firm’s risk management infrastructure, policies and external risk management reporting capabilities.
- Maintain and improve existing market and credit risk framework and risk authorization limits.
- Partner with technology associates to prepare, maintain and execute the firm’s Operational Risk Plan, and develop and execute a self-verification program to ensure principal controls for basic business process are working as intended.
- Review company's risk and capital allocation practices.
- Advise executive leadership on risk improvements when warranted and, through dialogue and support, help to ensure that business unit leadership act as business risk owners maintaining a continuous focus on identifying, evaluating and managing priority risks.
- Create program to implement risk policies and methodologies, as well as a review process to ensure these policies and methodologies are being applied effectively
- Integrate risk “best practices” into business strategy development.
- Coordinate risk system related research, execute risk systems feasibility assessments, integrate risk research with IT lead new product risk feasibility testing.
- Provide commercial risk management expertise/advice to the business trading leaders to ensure that the risk/reward scenarios of a strategy meet firm objectives. Participate in weekly risk meetings with PMs.
- Assist the management team and the business trading leaders in anticipating, measuring and hedging undesired market and credit risks in the individual portfolios as well as the overall firm portfolio.
- Assist in managing the firm’s cash and liquidity risk measurement systems to properly address overall firm financial objectives.
- Facilitate priority risk discussions and decisions with business risk owners. Ensure business risk owners assess the effectiveness of risk mitigation actions and controls as well as developing risk mitigation plans.
- Lead next stage development of risk methodologies
- Partner with leadership to continually improve firm risk models to measure and manage market, credit and operational risks.
- Assist in developing pricing and valuation methodologies
- Expand existing firm-wide stress and sensitivity analyses. Develop “what if” action scenarios, and the related analyses, for the Management Committee.
- Oversee the development, integration and implementation of new risk management models to account for new products and the resulting exposures.
- Ensure that risk systems and related reporting are compliant with evolving financial regulations.
- Work with risk team, including a risk technology developer and a quantitative financial engineer, who will...
- Assist technology in creating accurate, timely and global multi-exchange data collection and analysis systems
- Assist trading in applying / managing policies and methodologies
- Assist trading in establishing and managing risk exposure
- Ensure that required global multi-exchange data is being accurately captured and incorporated into the risk systems.
QUALIFICATIONS
Required:
- Highly technical
- Experience with risk assessment and realted data management issues in a high volume finanical services transaction processing business
- Understanding of market making, liquidity providing, and algorithmic trading
- Experience building and implementing risk management programs and systems
- Experience with a transaction-based technology platform
- Experience leveraging technology and quantitative finance to solve problems
- Ability to work in cross functional teams
- Ability to work effectively with ambiguity
- Solid grasp of financial engineering concepts including financial risk management (VaR, Credit VaR, portfolio hedging), options pricing theory, numerical solutions in finance (monte carlo methods, trees, etc.), and real options valuation.
- In depth knowledge of the market conventions and pricing issues for financial instruments traded in the global financial markets.
- Solid project management related experience including the ability to lead cross-department teams, set project and product milestones and follow up with team members at regular intervals.
Preferred:
- Trading experience
- Experience with multiple asset classes and multiple products (options required)
- The candidate will be expected to demonstrate an expert level understanding of a range of quantitative modeling techniques used in financial derivatives valuation and risk analysis.
- Engineering or computer science degree
July 13, 2012
• Tags: Chief Risk Officer recruitment, Risk Management careers in the USA • Posted in: Financial