Market Risk Manager – Associate/Manager recruitment
The Trade Floor Risk Management group has end-to-end responsibility for identification, monitoring, reporting and limit adjudication of market risk and ensuring that the products and portfolios are independently and fairly valued.
The scope of product coverage for this group is US Treasuries, Agencies, MBS, Interest Rate Derivatives, Inflation products, Repo, Corporate bonds (HG HY), and Emerging Markets.
The incumbent will be responsible for daily risk and limit monitoring of the NY Rates and NY HG HY Corp bond desks, as well as the initial development and continuing maintenance of appropriate market risk limits, controls and policies for the above-noted businesses. The incumbent will also also participate in other project initiatives to improve risk management practices across all of NY Fixed Income.
This is an excellent opportunitiy for a highly-motivated candidate seeking to pursue a career in Market Risk Management
Major Accountabilities:
- Daily review and analysis of market risk, VaR, limit usage and PL attribution of the NY Rates and NY HG and HY Corp bond desks.
- Participate in evaluation of new products, strategies and analysis/review of new market risk limit requests.
- Prepare monthly and quarterly presentations on the risk and performance of covered businesses
- Prepare Limit Control Sheets to advise business units of the approved limits.
- Participate in project initiatives based on ongoing Department needs.
- Participate in various Department initiatives to improve the identification, assessment and communication of market risks.
The incumbent must have the following skills/knowledge:
- Knowledge of financial markets, fixed income and derivative products. An understanding of financial risk management concepts is desirable.
- Superior Excel/VBA and PowerPoint skills required. Matlab, C++, SQL skills desirable.
- Yield Book experience very desirable
- Excellent oral and written communication skills
- Ability to maintain a high level of accuracy and the ability to prioritize and multi-task at all times. Well-developed analytical skills are essential.
- A degree in Finance, Economics or a Quantitative discipline is required. CFA or FRM candidates a plus.
- The incumbent must be highly motivated as there is continuous pressure to meet deadlines.