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Career Opportunity

Front Office In-Business Risk Management (IBR) for Equity Derivatives

Locations: New York, New York, London, England Job Function: Equities Employee Status: Regular Job ID: 20169203

Key Responsibilities:

  • Developing an end-to-end counterparty credit risk platform and risk management framework for Equity Derivatives
    • Building new tools and/or improving existing tools to measure counterparty risk on a pre-trade and post-trade basis
    • Ensuring appropriate risk monitoring and oversight of in-business counterparty credit risk including stress models/tools, credit assessment, risk reporting and escalation/governance model
    • Engaging with second line partners on bespoke or esoteric derivative transactions (most likely in Exotics, Hybrids, CIS) where risk and front office system integration and an accurate reflection of trade-specific risk is paramount
  • Provide SME support to businesses on risk-related activities
  • Actively liaise and coordinate with Sales and Trading on new products including limits, stress testing, etc.to help shepherd the product through discussions with second line partners
  • Monitor EqD client portfolios to ensure that risks are controlled
    • Develop and utilize risk management tools for the measurement, monitoring and management of exposure
    • Perform standard daily and weekly analysis as well as customized risk analysis. Communicate key findings to senior management.
  • Put together presentations and documents for internal and external use on various topics including stress methodologies, risk governance and summarizing key risk issues
  • Analyze the control environment including periodic review of key controls, vetting of new systems, processes, policies and procedures associated with and/or related to market and/or credit risk and ensuring they are in line with market practices
  • Work closely with the EqD Financial Resource Management team to ensure connectivity to regulatory capital

Qualifications:

  • Experience with managing Market or Credit risk
  • Relevant Market Risk experience across Equities and/or Structured Products
  • Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
  • Clear and concise written and verbal communication skills
  • Ability to work independently as well as with multiple functional groups in a cohesive manner
  • Ability to multi-task and prioritize initiatives
  • Able to voice opinion and engage in dialogues with broader EqD product / business heads
  • Solid understanding of internal risk-related Policies and Procedures, particularly those impacting the ICG Credit and Market Risk organization
  • Sound risk and business judgment
  • Stress testing skills a plus; instrument modelling skills desirable
  • Strong Excel skills ideally incorporating VBA (Visual Basic for Applications)
  • Programming skills in Python, R or other statistical languages also a plus

Education:

  • Bachelor’s/University degree or equivalent experience
  • Major in Mathematics, Science or Finance/Economics is highly preferred

This role reports jointly into the Head of Equity Derivatives Trading and the Head of ESS IBR.

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Grade :All Job Level - All Job Functions

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Time Type :

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Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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