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Global Markets Risk Sr Manager

New York, New York

Job Description:

The Global Markets Risk Sr Manager will be based in NY and directly reports to the Global Head of Global Credit and Issuer Risk.  This is a senior role that carries the responsibility for managing market risk for all traded products within the Global Credit business in the US.   This role is formally positioned within the second line of defense but it is located on the trading floor and it involves close interaction with the traders based in NY.  The product coverage includes a wide range of traded credit products, including but not limited to corporate bonds, ETFs, loans, TRS, CDS, CDS indices, options, tranches, CLOs and CLNs including distressed products. 

As a Market Risk representative to the trading desk and senior management, this role is responsible for identifying risks within the portfolio and performing ongoing quantitative and qualitative trading analysis. He or she should be able to confidently work with the trading desk, as well as with senior partners in other Risk functions, Regulatory Capital, Independent Price-Testing, Finance, Model Risk, Technology, Middle Office and Research in order to enhance our overall risk management infrastructure, capabilities and governance.

The candidate will be expected to understand, produce, monitor, limit and continually enhance the metrics and reports that reflect our trading risks and market conditions. Other core responsibilities may include approving new products and transactions, real-time monitoring and communication of markets, understanding historical and hypothetical market performances, calculating and enhancing value-at-risk (VaR), running, reporting and ensuring the accuracy of stress scenarios such as CCAR, and understanding the impact of capital and regulatory changes to the business and risk management.

Key responsibilities:

  • Identify and analyze significant risks for the US Credit Trading businesses and ensure that senior management are kept informed of these risks in an effective & timely manner

  • Work with the business and other support functions to assess all market risks and ensure that these are managed within the firm’s risk appetite.

  • Monitor positions against Market Risk limits. Liaise closely with the business to detail any overages and set market risk limits.

  • Review risks related to new products, non-standard trades, structured deals and new business strategies.

  • Identify risk concentrations and perform formal stress analyses to determine the circumstances under which the business portfolio could incur material losses.

  • Assist in risk related queries, drill down analysis, VaR analysis or risk trends.

  • Manage ad-hoc risk queries from senior management and regulators.

  • Contribute to the development of the Market Risk team and to the positive working environment

  • Represent the Market Risk function in cross functional projects – migration and larger scale system changes.

Required Competencies and Skills:

  • Prior work experience (8-10 years) in a financial services role involving corporate credit products with extensive exposure to secondary trading

  • Extensive knowledge of traded credit products and markets is required

  • In-depth understanding of market risk methodologies and risk metrics, including VaR and stress testing approaches.

  • Ability to build strong relationships whilst maintaining independence.  He/she must be able to handle disputes, negotiate with traders and enforce difficult decisions.

  • Strong communication skills, with the ability to communicate clearly and concisely with traders, senior management and other areas of the bank.

  • A quantitative mindset is required

  • Technical proficiency with Excel, databases and analyzing large datasets

  • Ability to work both as part of a team and independently

  • Detail-oriented, intellectually curious and driven to make improvements

  • Positive under pressure

  • The candidate must have a keen interest in Risk Management.

Desired Experience:

  • Degree in engineering, mathematics physics or economics is preferred

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Global Markets Risk Sr Manager will be based in NY and directly reports to the Global Head of Global Credit and Issuer Risk.  This is a senior role that carries the responsibility for managing market risk for all traded products within the Global Credit business in the US.   This role is formally positioned within the second line of defense but it is located on the trading floor and it involves close interaction with the traders based in NY.  The product coverage includes a wide range of traded credit products, including but not limited to corporate bonds, ETFs, loans, TRS, CDS, CDS indices, options, tranches, CLOs and CLNs including distressed products. 

As a Market Risk representative to the trading desk and senior management, this role is responsible for identifying risks within the portfolio and performing ongoing quantitative and qualitative trading analysis. He or she should be able to confidently work with the trading desk, as well as with senior partners in other Risk functions, Regulatory Capital, Independent Price-Testing, Finance, Model Risk, Technology, Middle Office and Research in order to enhance our overall risk management infrastructure, capabilities and governance.

The candidate will be expected to understand, produce, monitor, limit and continually enhance the metrics and reports that reflect our trading risks and market conditions. Other core responsibilities may include approving new products and transactions, real-time monitoring and communication of markets, understanding historical and hypothetical market performances, calculating and enhancing value-at-risk (VaR), running, reporting and ensuring the accuracy of stress scenarios such as CCAR, and understanding the impact of capital and regulatory changes to the business and risk management.

Key responsibilities:

  • Identify and analyze significant risks for the US Credit Trading businesses and ensure that senior management are kept informed of these risks in an effective & timely manner

  • Work with the business and other support functions to assess all market risks and ensure that these are managed within the firm’s risk appetite.

  • Monitor positions against Market Risk limits. Liaise closely with the business to detail any overages and set market risk limits.

  • Review risks related to new products, non-standard trades, structured deals and new business strategies.

  • Identify risk concentrations and perform formal stress analyses to determine the circumstances under which the business portfolio could incur material losses.

  • Assist in risk related queries, drill down analysis, VaR analysis or risk trends.

  • Manage ad-hoc risk queries from senior management and regulators.

  • Contribute to the development of the Market Risk team and to the positive working environment

  • Represent the Market Risk function in cross functional projects – migration and larger scale system changes.

Required Competencies and Skills:

  • Prior work experience (8-10 years) in a financial services role involving corporate credit products with extensive exposure to secondary trading

  • Extensive knowledge of traded credit products and markets is required

  • In-depth understanding of market risk methodologies and risk metrics, including VaR and stress testing approaches.

  • Ability to build strong relationships whilst maintaining independence.  He/she must be able to handle disputes, negotiate with traders and enforce difficult decisions.

  • Strong communication skills, with the ability to communicate clearly and concisely with traders, senior management and other areas of the bank.

  • A quantitative mindset is required

  • Technical proficiency with Excel, databases and analyzing large datasets

  • Ability to work both as part of a team and independently

  • Detail-oriented, intellectually curious and driven to make improvements

  • Positive under pressure

  • The candidate must have a keen interest in Risk Management.

Desired Experience:

  • Degree in engineering, mathematics physics or economics is preferred

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21047747

Band: H4

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Pamela Salvato

Referral Bonus:

0

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036