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Global Markets Risk Executive - Global Credit

New York, New York

Job Description:

This senior risk management role sits within the Global Markets and Financial Risk group, and directly reports to the Global Head of Corporate Credit and Issuer Risk, as his Global Deputy.

This role is formally positioned within the second line of defense and provides broad oversight of all Desks/Products within the Global Credit Business.  In conjunction with the senior risk management team, this individual will be responsible for ensuring that all risks within the Global Credit business are managed in an effective & consistent manner. While the primary focus is on market risk management, a successful candidate needs to have a broad appreciation of all risk types including, but not limited to fundamental credit, counterparty, liquidity, operational and reputational risk. 

This individual will need to be able to interface with the global co-heads of the Global Credit business, and the key product & desk heads who support them across the various trading and financing businesses. Furthermore, this individual will be expected to be able to communicate effectively with the firm’s risk management leadership, and indeed other key support groups, including but not limited to model risk/validation, finance, legal, technology and operations.

Key Responsibilities

  • Identify and analyze all significant risks across the Global Credit businesses and ensure Senior Management are kept informed of these risks in an effective & timely manner

  • Build and maintain strong relationships with the relevant heads of the Global Credit business, and risk management colleagues across the various risk disciplines

  • Review risks related to new products, non-standard trades, structured deals and business strategies. Liaising closely with the business and other support functions to determine related risks and ensure they are within firm’s risk appetite and correctly reported.

  • Drive and conduct portfolio deep dives to effectively review and assess all risks holistically

  • Identify stress tests to determine the circumstances under which the business portfolio could incur material losses.

  • Manage ad-hoc risk queries from senior management and regulators; directly interface with regulators during meetings and regulatory exams.

  • Identify and drive improvements in risk methodologies and the Bank’s risk systems Monitor and Report positions against Market Risk metrics and limits. Liaise closely with the business to detail any overages and set limits.

  • Ensure global consistency of policies, procedures, analysis, monitoring and reporting of risk

  • Provide leadership to an experienced group of staff across multiple geographical locations. Contribute to the development of the risk team and to the positive working environment

Required Competencies and Skills:

  • 10+ years’ experience in financial services roles involving corporate credit products with extensive exposure to secondary trading

  • Extensive knowledge of traded credit products and markets

  • Experience with fundamental credit analysis

  • Familiarity with distressed credit situations and workouts

  • Experience with derivative products and structured lending

  • Excellent communication skills, with the ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group

  • The role is located on the trading floor and has constant direct contact with trading desk heads

  • The successful candidate must be able to build strong relationships whilst maintaining independence.  He/she must be able to handle disputes, negotiate with traders and will not shirk from enforcing difficult decisions

  • Excellent problem solving skills and quantitative mindset required

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

  • Detail-oriented, inquisitive and intellectually curious

  • Self-driven and positive under pressure

Job Band:

H3

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

This senior risk management role sits within the Global Markets and Financial Risk group, and directly reports to the Global Head of Corporate Credit and Issuer Risk, as his Global Deputy.

This role is formally positioned within the second line of defense and provides broad oversight of all Desks/Products within the Global Credit Business.  In conjunction with the senior risk management team, this individual will be responsible for ensuring that all risks within the Global Credit business are managed in an effective & consistent manner. While the primary focus is on market risk management, a successful candidate needs to have a broad appreciation of all risk types including, but not limited to fundamental credit, counterparty, liquidity, operational and reputational risk. 

This individual will need to be able to interface with the global co-heads of the Global Credit business, and the key product & desk heads who support them across the various trading and financing businesses. Furthermore, this individual will be expected to be able to communicate effectively with the firm’s risk management leadership, and indeed other key support groups, including but not limited to model risk/validation, finance, legal, technology and operations.

Key Responsibilities

  • Identify and analyze all significant risks across the Global Credit businesses and ensure Senior Management are kept informed of these risks in an effective & timely manner

  • Build and maintain strong relationships with the relevant heads of the Global Credit business, and risk management colleagues across the various risk disciplines

  • Review risks related to new products, non-standard trades, structured deals and business strategies. Liaising closely with the business and other support functions to determine related risks and ensure they are within firm’s risk appetite and correctly reported.

  • Drive and conduct portfolio deep dives to effectively review and assess all risks holistically

  • Identify stress tests to determine the circumstances under which the business portfolio could incur material losses.

  • Manage ad-hoc risk queries from senior management and regulators; directly interface with regulators during meetings and regulatory exams.

  • Identify and drive improvements in risk methodologies and the Bank’s risk systems Monitor and Report positions against Market Risk metrics and limits. Liaise closely with the business to detail any overages and set limits.

  • Ensure global consistency of policies, procedures, analysis, monitoring and reporting of risk

  • Provide leadership to an experienced group of staff across multiple geographical locations. Contribute to the development of the risk team and to the positive working environment

Required Competencies and Skills:

  • 10+ years’ experience in financial services roles involving corporate credit products with extensive exposure to secondary trading

  • Extensive knowledge of traded credit products and markets

  • Experience with fundamental credit analysis

  • Familiarity with distressed credit situations and workouts

  • Experience with derivative products and structured lending

  • Excellent communication skills, with the ability to communicate clearly and concisely with traders, senior management and other areas of the bank understanding the requirements of each group

  • The role is located on the trading floor and has constant direct contact with trading desk heads

  • The successful candidate must be able to build strong relationships whilst maintaining independence.  He/she must be able to handle disputes, negotiate with traders and will not shirk from enforcing difficult decisions

  • Excellent problem solving skills and quantitative mindset required

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

  • Detail-oriented, inquisitive and intellectually curious

  • Self-driven and positive under pressure

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21048168

Band: H3

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