IB Market Risk – Regulatory and Policy Vice President – New York recruitment

Investment Bank Market Risk is an independent risk group within Investment Bank Risk Management, which identifies, measures, monitors and controls market risk. Market Risk seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance and ensure that the firm's market risk profile is transparent to senior management, the Board of Directors and regulators. IB Market Risk has teams aligned to each business within the Investment Bank globally and works closely with the front office, CFOs, middle office and risk reporting teams to ensure a complete understanding of the Investment Bank's market risk.

Job DescriptionInvestment Bank Market Risk is seeking a VP-level Regulatory and Policy professional, based in New York.
The role will report to the Executive Director responsible for Regulatory and Policy Initiatives in the IB Market Risk team, who reports directly to the global head of Investment Bank Market Risk.
The Regulatory and Policy team within IB Market Risk works across the IB Market Risk group, other Market Risk groups across the firm and Firmwide Compliance and Regulatory Policy teams to ensure that Firmwide regulatory initiatives are successfully implemented, and that regulatory requests involving Market Risk are responded to appropriately and accurately.
In addition, the team ensures that Market Risk policies are developed and updated as necessary, and undertakes projects to ensure that best practice processes and controls are shared across Market Risk teams.

The Regulatory and Policy VP will work with the market risk teams and will have a basic understanding of the various risk measures used to understand the risk profile of the portfolio, specifically Value at Risk (VAR), stress testing, and qualitative risk assessments, as well as the regulatory rules and policies governing market risk, such as the Market Risk Amendment and the Dodd-Frank rules, including the Volcker Rule. The VP will work across the various teams to implement these new requirements, and will also work on initiatives such as Resolution Recovery Planning, and the Fed Stress/Capital Adequacy exercises.

Job ResponsibilitiesManage various regulatory initiatives across various market risk teams and partner teams across the firm, including implementation of Dodd-Frank and Volcker requirements.Become familiar with regulatory rules as they are released; synthesize key impacts and deliverables for market risk.Manage specific market risk projects such as process improvements or policy initiatives.

Qualifications
Bachelor's degree, Masters/MBA a plus6-10 years work experience in financial servicesStrong project management skills; ability to gain consensus among staff and drive initiatives to completion effectivelyExperience with regulatory interaction, ability to handle requests and discuss issues with regulators; familiarity with regulatory rules pertaining to risk preferredStrong judgment and excellent verbal and written communications skillsAbility to multi-task, work well under pressure with commitment to deliver under tight deadlinesMarket risk or other risk management experience preferred