The Opportunity

Job Description We are looking for a professional to join the second line of defense Market Risk group as a Market Risk VP in New York covering Americas Equity Derivatives (Exotics, Flow, Strategic/Corporate).

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 (greeks, stress tests, VaR) and interaction with 1st line risk takers
Evaluate and challenge risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
Proactive identification of emerging risks (e.g., portfolio concentrations, unhedged risks, illiquidity pockets)
Risk appetite sizing, limit and threshold setting
Connect events (e.g., macroeconomic data releases, political elections) to potential portfolio vulnerabilities
Dissemination of information and education of stakeholders through effective and timely communication and collaboration
Communication with senior management and regulators
Work collaboratively across functions to deliver on regulatory obligations

Qualifications

7 plus years of experience in market risk or similar role with transferable skills, with at least four years covering equity derivatives
Strong academic record with Bachelor's degree, equivalent or above in Engineering, Mathematics or a related quantitative/analytical discipline preferred
Deep understanding of equity exotic and flow products including their risk/reward tradeoffs with focus on Equities
Highly tech literate, with ability to pick up in-house systems and code.
Proven problem-solving ability and control mindset
Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
Proficiency in communicating complex information and concepts in layperson terms directly with senior management and other relevant stakeholders (both written and verbal)
Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR

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