Counterparty Credit/Market Risk- Director recruitment
Responsibility overseeing all credit risk related activities. Manage and develop the Credit risk team to ensure an effective, timely and value-added service to the business. Contribute to the group-wide credit and market risk methodologies to ensure that it meets accepted industry policies, controls and practices.
-Approval authority and general oversight of new counterparty approval requests and ongoing credit limit based on financial statement analysis, internal rating, trading activity and VAR trading limit under the Group Risk Policy.
-Monitor business line daily market risk activity including VAR (Value at Risk) calculations, trade reporting, and position limits risk reports. Work with business and desk heads to ensure understanding and compliance.
-Monitor outstanding trade amounts, both notional and on a value-at-risk basis against the approved limits
Requirements:
-Bachelors Degree in Business Management, Finance or other related major preferred
-10+ years experience in the area of Counterparty Credit Risk, Market Risk, Risk Monitoring or Trading
-Prior securities industry experience in a Broker/Dealer or bank a must; industry relationships
-Thorough understanding of products traded including UST, corporate bonds, futures, equities, international securities, swaps and other CDS and stock loan