Market Risk Manager - Vice President

About the role

The position is within Market Risk Management, which manages trading and fair value banking book risk for various businesses including Credit/Equity Trading, Origination, Financing, RMBS, Securitization, and CRE. MRM provides a comprehensive view of market risks to Senior Management and ensures that business units optimize the risk-reward relationship without exposing the firm to unacceptable losses.

Responsibilities

• Set appropriate Risk Appetites for each business level and sit with the traders, communicating risk strategies and monitoring risk real time on a daily basis.
• Monitor intraday and daily limit utilizations, evaluate limit frameworks, and communicate risk exposure and breaches to front office and senior risk management.
• Analyze key market risk metrics including Value at Risk (VaR), Stress Test, Risk Weighted Assets (RWA), and advise business on effective hedging strategies.
• Preapprove equity financing transactions such as call spreads, collars, margin loans, and accelerated share repurchases ahead of desk bidding, including pretrade analysis and approval recommendations for on-risk block trades.
• Support Comprehensive Capital Analysis Review (CCAR) quarterly, semi-annual, and annual reporting requirements. Evaluate portfolio capital efficiencies and identify positions with material Risk Weighted Assets (RWA) and stress utilizations.
• Ensure internal and external governance policies are being effectively applied.
• Highlight key risks and new important trades/products and escalate emerging risks, concentrated positions, and any risk position that is particularly vulnerable to plausible stress scenarios or current market conditions.
• Challenge the desk on the aforementioned set of risks and work cooperatively to allow the growth of the Business within the Firm risk appetite.
• Work with the Portfolio and Stress Testing team to ensure the key risk positions of the Business are well represented in their aggregated metrics.

Requirements

• Moderate experience in market risk management, ideally covering an Equity options business.
• Strong experience in markets-related roles with an emphasis on market risk management.
• Experience in roles such as valuation, showing a great understanding of the market risks arising from trading positions.
• Experience in assessing, quantifying, and implementing appropriate portfolio stress tests.
• Understanding/experience covering Securitized products is a plus.
• Ability to run projects independently and build strong relationships across the Bank.

Skills

• Experience in Market Risk Management, ideally in covering an equity business (incl derivatives).
• Familiarity with current regulatory initiatives such as Fundamental Review of Trading Book (FRTB), Volcker, stress testing.
• High standards of integrity and a commitment to 'doing the right thing'.
• Team player with great communication skills.

Benefits

• Educational resources, matching gift and volunteer programs.
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits.
• Hybrid working model, allowing for in-office / work from home flexibility.
• Generous vacation, personal and volunteer days.
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement.