Market Risk Controller – Manager recruitment

Position Category: Finance/Accounting

Position Title: Market Risk Controller - Manager

Job Level: Manager

Location: USA - NY - New York (One NY Plaza)

Education Required: Bachelors Degree

Position Description:
Position Description

The Market Risk Controller's team is responsible for providing all of the Firm's cleansed and hypothetical backtesting for internal model validation, the calculation of regulatory capital, and internal risk review. We are also responsible for validating trades in the Firm's aggregated risk systems and ensuring that they provide an accurate reflection of trading activity for the Market Risk Department (MRD) and Regulatory Controllers.

Responsibilities for this role include:

--Validate and Classify the Firm's inventory (covered positions / Trading book / Banking book) according to the Firm's policy statement.
-Work closely with Product controllers to understand market movements and other PnL events as they pertain to backtesting, ensuring the cleansed PnL is accurate.
-Analyzing PnL exceptions to determine their validity and provide a first level review for the Market Risk department, ensuring the hypothetical PnL relates to Risk in VaR.
-Raising awareness of issues/problems to MRD and Regulatory Controllers in a timely fashion and assisting in implementing resolutions.
-Working with the Business Units, Controllers Operations to ensure trades are booked correctly in the risk systems, with the correct attributes; thus, ensuring the generation of accurate market risk exposures.
-Work closely on cross-divisional projects to ensure that structure changes and business re-organizations will be reflected properly in the Firm's risk systems.
-Constantly look to improve our process through refinements and enhanced control metrics.

Skills Required:
Skills Required;
- Understanding of regulatory capital framework
- Equity and Fixed Income product knowledge
- Able to multi-task effectively and manage deadlines
- Strong communication skills are essential due to the level of interaction with a wide range of MS groups
- Excellent investigative, problem solving, reconciliation and analytical skills
-Strong Microsoft Excel and Access skills, SQL a plus

Skills Desired:
Team Player