Market risk manager | Derivatives
Senior Market Risk Manager | Derivatives - Equity and Fixed Income
Dallas, TX
Base salary: £110,000-£130,000, + excellent bonus potential, + leading market benefits
A US investment bank is looking for a director level market risk manager to cover the Equity and Fixed Income Derivatives Desk. This group supports the trading business by ensuring that risk positions are analysed, measured and administered. The risk group within this investment bank is the backbone of the trading team and is the key interface for discussing risk issues with them but retains independent reporting lines throughout the risk management chain. The successful individual will have a strong technical background but will also be a strong communicator and will be comfortable with working with the commercial aspects of the business. The team has gone from strength to strength and is growing rapidly due to the banks recent successes within the trading team which is due to the high calibre of the risk team.
Job Responsibilities
- Day to day analysis of risk sensitivities, market moves and PL with trading desks
- Lead change in market risk system technology architecture
- Highlight concentrated or concerning risk positions work with Front Office (FO) to ensure they are appropriately reported managed
- Provide clear briefings of current events/issues to line management to wider audiences
- Conduct ad hoc risk analysis, develop improvements in risk reporting, VaR Stress analysis tools
- Help shape the team's response to urgent ad-hoc requests from Trading, Senior management and Regulators
- Work with the Front Office, Credit Risk Management, Quantitative Research, Model Review Group, Finance and MO on risk management issues
- Enforce/define Market Risk limits
- Define/analyse stress scenarios
- Review/approve new transactions/products
Skills/Qualifications
- Strong academic background - minimum Bachelors degree, preferably 1st or 2:1
- Masters in Finance, Financial Engineering or advanced degree in a numerical discipline will be an advantage
- Ability to form constructive professional relationships with a wide variety of colleagues especially on the trading floor control groups
- Previous exposure to financial products - keen interest in financial markets
- Ability with Excel (to VB level) Access
- Excellent written spoken communication skills
- Strong analytical skills ability to challenge concepts/proposals/results
- Ability to multi-task, work under pressure deliver under tight deadlines
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