Vice President: Market Risk
Location: Dallas
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise-wide stress testing.
Market Risk is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management, and regulatory compliance for the Firm's market risks. The group acts as a key stakeholder in ensuring that the firm's business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm's market risk profile. This is achieved by using a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
KEY RESPONSIBILITIES
Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takersEvaluate and challenge risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetiteCollaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measuresProactive identification of emerging risks (e.g., basis risks, crowded trades)Risk appetite sizing, limit and threshold settingConnect events (e.g., macroeconomic data releases, political elections) to potential vulnerabilitiesDissemination of information and education of stakeholders through effective and timely communication and collaborationCommunication with senior management and regulatorsWork collaboratively across functions to deliver on regulatory obligationsQUALIFICATIONS
7+ years experience in market risk management in key asset classes such as Rates, Credit and Equities, or similar role with transferable skillsStrong academic record with Bachelor's degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferredDeep understanding of financial products including their risk/reward tradeoffsUnderstanding of risk management concepts and metricsExcel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systemsAbility to code beneficialProven problem-solving ability and control mindsetAble to analyze and challenge risk taking activities while engaging effectively with first line of defenseDesire and ability to collaborate with people from different departments and levels of seniorityDesire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbal)#J-18808-Ljbffr