Risk Manager
1 week ago
The Global Rates Team within the Market Risk Management group is responsible for overseeing business operations. This role is for a Risk Manager, located in New York, to join an existing team focused on the market risks associated with the G10 Rates Trading business in the region and cover the Non-Linear side.
The G10 NAM Rates Trading business is a significant business providing interest rate market-making and solutions to customers as part of the Global Rates franchise covering a wide-ranging set of products from Sovereign bonds to exotics. The Non-Linear business trades inflation products, vanilla interest rate options, exotic products, and bond derivatives (TRSs, Bond Forwards).
The successful candidate must be able to build effective relationships with front office and other groups as well as risk colleagues, challenge assumptions, be comfortable with quantitatively complex issues, willing to work at the detailed level, and be a producer of high-quality and insightful output. It is vital that the candidate has and develops further a very good technical knowledge of interest rate products as well as market risk approaches.
Key Responsibilities:
- Be accountable for the identification and evaluation of market risks generated by the G10 NAM Rates Non-Linear business, including the identification of top risks and outlier stress events, and the performance of ad-hoc scenarios.
- Communicate with trading desks.
- Candidate must be very comfortable discussing non-linear products and their risks and building spreadsheets to analyze risk and market data, portfolio risks, and individual trades.
- Work with others to ensure that reported exposures are correct and cover the main drivers of risk and potential P/L, and identify and resolve any data issues.
- Ensure limits are properly set and monitored accurately, and contribute to the development or production of metrics used to satisfy regulatory requirements and stress testing processes.
- Periodically prepare information material and present it to senior management and regulators, and be able to speak as needed on market events.
- Review and validate assumptions in risk models used by underlying business units, analyze the impact of model changes, and work closely with Financial Control, Price Verification, and the Model Validation groups within the organization to ensure that the proper controls are in place.
- Help with reviews of new business proposals, including risk limits setting and monitoring, and ensuring risks can be fully captured within the firm's systems.
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