LATAM Market Risk Manager (VP/SVP)
Leading Global Investment Bank, New York
Emerging Markets Credit Trading – Market Risk Management
MARKET COVERAGE:
Although primary focus is Latam EM Credit Trading business, you will also support Latam local market trading as well as EM globally. These cover a range of traded credit products: sovereign corporate bonds, local currency bonds, secondary primary loan activity, CDS, quanto, extinguishers, CVA risk, local access products, FX rates, and portfolio exotic credit derivatives.
KEY RESPONSIBILITIES:
- Work with trading desks to ensure market risk factors are identified captured
- Develop market risk limit frameworks with limits and triggers
- Monitor business compliance with risk-related policies
- Review approve new transactions, advising on risk issues during product development
- Oversee exposure measurement limit monitoring
- Develop business-level stress testing; considering risk concentrations by single issuer, risk rating, sector / industry geography
- Improve the transparency of key trading risk exposures to senior risk management
- Interact with Product Control on pricing, price verification market value adjustments
- On-going development upgrading of risk systems
- Assess the validity of market-related assumptions inherent in models
ESSENTIAL SKILLS EXPERIENCE:
- 5+ years covering Credit and/or Emerging Market products (risk, structuring, trading)
- In-depth understanding of markets, e.g. pricing, liquidity market volatility across a range of products
- Thorough understanding of new traded products and their local markets
- Experience of analysing risk/reward characteristics at transaction and portfolio levels
- Solid computing (Excel), programming database management experience
- Able to assess real time risk for complex transactions
- Advanced communication skills: frequent interaction with senior management
- Minimum of degree educated in a quantitative or financial discipline
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