VP - Market Risk - FRTB/Basel Requirements

2 weeks ago


New York, United States Selby Jennings Full time

We're partnered with a growing international investment bank in NYC looking to add strong VP level talent within their strategic initiatives team. The group is focused on FRTB and Basel 2.5 initiatives, working on implementing new FRTB regulations for the broader risk team to ensure everything is in accordance with regulatory requirements. In-depth knowledge of market risk, credit risk, and liquidity risk are required.

This position will report directly to the group head managing all strategic initiatives in risk with visibility to the CRO. The broader team covers FRTB implementation and works closely with the front office to ensure regulatory guidelines of FRTB metrics are being correctly addressed. This role is ideal for someone who has in depth risk-stripe knowledge with experience covering valuation risk adjustments in derivatives, and regulatory interaction (FRB, CFTC, NFA, FINRA)

Responsibilities:

  • Implement risk framework and efficient structure in adherence to regulatory standards
  • Develop risk framework and policies focused on risk identification, mitigation, and monitoring in compliance with business and regulatory requirements
  • Further establishment of risk controls for legal entities' risks, in accordance with US and external regulatory standards

Requirements:

  • Extensive experience across market, liquidity, credit, and operational risks
  • Strong derivatives knowledge (IR/FX), and understanding of related risks and valuation concepts (VaR, stress-testing, counterparty risk exposure)
  • Experience working with risk frameworks for valuation risk adjustments in derivatives
  • First-hand experience working with US Regulators (FINRA, CFTC, NFA, FRB)
  • Market Risk Basel 2.5
  • Knowledge of risk governance framework, excellent verbal and written communication, experience in the regulatory environment


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