Job VP - Senior Risk Manager | New York, NY July 2012

Description

Our client is a top-tier international investment bank in Manhattan. They are looking for a Senior Risk Manager. The position is a temp-to-perm opportunity. Compensation is negotiable but is likely to be around $50-65 per hour.

The role of Senior Risk Manager will focus on market risk management as well as assess risk interdependencies with liquidity, credit and operational risk. The candidate will be instrumental in carrying out market risk monitoring and supporting regional Asset Management implementing and advancing of the risk governance framework.


This function forms an integral part of the global AM Risk department within the Risk division.

The candidate will work within a highly regulated and increasingly sophisticated product environment in close co-operation with risk management colleagues around the globe and the AM business units.

Additionally the role includes (not exhaustive):
Proactive and ad-hoc analysis of portfolios and investment instruments
Detect, analyse and communicate risk results and escalate breaches of thresholds or limits to business and senior management, in accordance with global standards
Develop, evaluate and present state of the art risk analytic solutions and valuations models for specific instruments, structured products and derivatives.
Support portfolio management to manage market risks (VaR, expected shortfall, stress scenarios, simulations)



The Senior Risk manager is also responsible for supporting a number of key initiatives including:

Regional & Divisional Framework implementation
Market Risk Toolset development & enhancement
Risk Management Reporting
Assisting on special projects
Pro-active Risk monitoring


General duties:

Support the introduction of new complex and structured instruments for the asset management business
Contribute to special projects / task forces / working groups relating to the Risk Framework or identified risk issues
Contribute to the continuous enhancement of market risk toolset and framework
Understand Operational risk management concepts
Promote the culture and visibility of Risk Management and Integrate local risk management function into global framework
Keep abreast of changes in relevant laws and regulations and understand their implications
Contribute to quality management with respect to data and processes.



Requirements

Strong interpersonal & analytic skills
Knowledge of Asset Management (and value chain) and the regulatory framework
Ability to communicate issues to senior management in an effective and succinct manner
High proficiency in written and oral communication skills
Proactive communication style
Ability to work independently and strong team player
Technical knowledge of financial markets, products and processes
Strong working knowledge of Microsoft Word, Excel, PowerPoint and Access
Strong fundamental understanding of finance industry and asset management business.
Minimum relevant undergraduate degree or equivalent; an advanced degree is a plus
Working experience in the financial industry, with experience in market risk functions




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