Options Trader to Risk Management recruitment

Background:

Experienced risk manager currently working for a clearing firm (multi assets with a major in listed derivative products) or holding a senior trading role in equity or fixed income derivatives.

Position:

Key Requirements:

Risk Management

• Overseeing daily portfolio risk reviews and analysis, escalation of margin call and risk decisions/risk identification process.

• Ensuring the team is performing appropriate risk reviews with appropriate risk metrics and actions escalated accordingly.

• Ensuring appropriate focus on daily risks, market developments and improving procedures.

Risk/Margin Methodology

• Identifying priority areas to improve margin and risk methodology, driven by Risk concerns/ Business priority.

• Developing and coordinating globally the development of new stress parameters, spotting flaws, ensuring consistency and the right client incentives.

Client Relationship Management

• Maintaining relationships with fund managers and risk managers at key clients, presenting to clients at pitches and other presentations, working with sales teams.

Product Development

• Project management – providing business prioritisation, for the technology and support groups.

Control Focus

• Focus on business controls and ensuring the required level of focus from appropriate support groups.

• Ensuring all processes and actions are undertaken with an appropriate level of controls.

Based in NYC

CANDIDATE Profile:

• Ideal candidate is a senior risk manager with strong experience in cross product portfolios. Ideal product knowledge is equity derivatives centred.

• Thorough understanding of trading strategies: Equity volatility, Equity relative value, CB Arb, Stat Arb, Credit Arb, Energy Arb and Portfolio liquidations. Practical experience of risk techniques and analytics, different methods of Greeks/sensitivities, stress tests, scenario analysis, statistical measures (VaR, tracking error etc).

• Must have a broad technical knowledge ideally across as many asset classes as possible:  Listed and OTC Equity Derivatives, Convertible Bonds, Credit Derivatives plus ability to apply knowledge to more complex products or other derivatives such as FX, interest rates and commodities)

• Must feel comfortable within a big bank culture and able to navigate the firm.

• Ability to manage people (current team is 7 risk managers)