OTC Risk Manager, recruitment
AD, OTC Risk Manager, Risk Management
New York, NY
Description
Overview:
Our client is the leading exchange and clearing house for listed products. In its unique position as the most diverse clearing house, it is in the forefront of the clearing of OTC products, which is mandated by the financial reform.
Position Description:
Our client has an immediate opening for a senior Risk Manager for cleared OTC products. This is an Associate Director level position or Risk Manager depending on experience. They offer a very competitive compensation and a benefits package.
The immediate focus of this role will be on the development of Risk Management Policies and Procedures for OTC Derivatives, illustrating to Clearing Members and Customers our clients’ risk management methodology and safeguard package. Furthermore, the responsibilities will extend to assessing the risk management soundness of existing and prospective Clearing Members as well as been actively involved in interacting with different Departments within the organization.
An essential skill in this position is ability to explain and defend the developed methodology to the clients such as major sell-and buy-side institutions and regulatory bodies. One will have to engage these constituents in the development, refining, and deployment phases of policies, procedures and tools used in mitigating our clients exposure to market and counterparty risk.
Required Experience:
• Expertise in the IR derivatives
• Experience in Risk Management – possibly matured in the Capital Markets Dept. of a bank;
• Alternatively an experience as a Junior Trader on an OTC IRD or Credit Derivatives Desk
• Strong communication and consensus-building skills
Qualifications:
• Advanced degree in a quantitative field
• 3-5 years of experience as a risk management analyst
• Some Managerial experience is desirable
• Expertise in financial mathematics and understanding of pricing models.
• Strong communication skills