Product Risk Manager
- Risk Management
o Develop, communicate and ensure adherence to department risk policies, procedures and best practices.
o Reassess existing processes and create new ones that most effectively anticipate, manage and reduce risk to DTCC and its participants.
o Strengthen DTCC`s controls over risk and comply with corporate initiatives, including but not limited to: New Initiatives Process (NIC), Management Self Identification of Audit Issues, Management Control and Awareness Rating (MCAR), Operational Risk Control Self Assessments (RCSA), etc.
- Product Risk
o Provide guidance to direct reports on conducting research to support margining methodologies.
o Identify, analyze and implement new margining methodologies and enhance existing margining methodologies.
o Collaboratively work with direct reports to resolve issues relating to the daily calculation and monitoring of market risk exposures in the various subsidiaries.
o Report and escalate problems to senior management, as required.
o Review and analyze information provided by the Financial Analytics Unit to establish appropriate margins and-or thresholds for participants-members.
o Factoring in a deep understanding of DTCC business lines, implement ERM and-or Product Management initiatives to improve efficiency and efficacy, as well as serve as a subject matter expert.
o Assist in coordinating with Quantitative Risk Management, Relationship Management and Product Management to ensur
Experience:
- 6+ years of directly related experience.
- Risk Management experience, specifically exposure to various trading products, experience in market risk and product management preferably with an emphasis in the brokerage industry.
- Experience with front office, product control-finance, middle office and-or back office activities within Banking and Capital Markets.
Knowledge and Skills Required:
- Superior knowledge of valuation and-or transaction processing of fixed income, commodity, equity and foreign exchange cash and derivative products.
- Superior analytical, problem-solving and decision-making skills.
- Ability to develop a detailed understanding of DTCC business lines and serve as subject matter expert.
- Familiarity with credit risk management, risk rating systems, and-or regulatory capital desired.
- Familiarity with Basel II requirements or Federal Reserve and The Office of the Comptroller of the Currency (OCC) examination standards a plus.
- Ability to identify and capitalize upon opportunities to create efficiency and promote effectiveness.
- Ability to work well under pressure and manage multiple deadlines at one time.
- Demonstrated leadership ability in a team-oriented and collaborative environment.
- Superior communication skills, both oral and written.
- Demonstrated integrity within a professional environment.
- Experience with Blo
An FS company based in London
60-65K
Where specific UK qualifications are required we will take into account overseas equivalents.
Please quote Michael Page reference when applying Job ref:MPGX13246215
Michael Page International is a world leading recruitment consultancy.
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