Market Risk, Analyst Ny

JOB DESCRIPTION
Analyst: Market Risk Specialist – New York
We are looking for a professional to join the second line of defense Market Risk group in New York.
Division And Department Overview
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 through the use of 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

• Limit/threshold setting
• Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
• Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
• Dissemination of information and education of stakeholders through effective and timely communication and collaboration
• Proactive identification of emerging risks (e.g. basis risks, crowded trades)
• Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
• Communication with senior management and regulators
• Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures

Qualifications

• Desire and ability to collaborate with people from different departments and levels of seniority
• Proven problem solving ability and control mindset
• One to three years’ experience in market risk management or similar role with transferable skills
• Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
• Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
• Ability to code desirable
• Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
• Understanding of financial products including their risk/reward tradeoffs
• Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
• Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR