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Jobs · Finance · New Jersey

Vice President, Risk Management

Wedbush · Jersey City, NJ · Yesterday
Finance$150k–$200k/yrFull-time

About the role

Wedbush Securities is one of the largest securities firms and investment banks in the nation, providing innovative financial solutions through Wealth Management, Capital Markets, Futures, and Advanced Clearing & Prime Services divisions. The Jersey City office is seeking a VP, Risk Management to join the Risk Management group, focusing on margining and stress testing of options, equities, fixed income, FX, and other derivative securities.

Responsibilities

  • Manage all margin requirements on client accounts on a security basis, portfolio level, and on the global firm-wide platform.
  • Analyze risk exposure across the firm and set appropriate margin requirements and policies to mitigate that risk.
  • Manage the firm’s risk exposure due to margin loans, large concentrated trades, and volatile market moves, being both proactive and reactive to managing concentration risk, liquidity risk, and market volatility on the entire client base.
  • Perform Stress Testing and VaR analysis on complex portfolios comprised of equities, options, fixed income, and futures securities, and ad hoc business and liquidity analysis on key drivers and accounts.
  • Issue margin calls for client accounts and monitor limit breaches for proprietary trading desks.
  • Set margin lending rates and trading limits on a wide array of securities and lines of businesses, including repo lending, stock loan, agency execution, and investment banking.
  • Mitigate liquidity risk and funding requirements arising from institutional trading by interfacing with street-side and central counterparties.
  • Facilitate the clearance of large transactions from execution through settlement.
  • Perform other tasks and duties as required and assigned.

Requirements

  • 10+ years of experience in Risk Management.
  • Bachelor's Degree, preferably in Finance/Business Administration or related fields.
  • Strong industry knowledge across multiple lines of business, including Clearance & Settlement, Prime Brokerage, Agency Execution, and in-depth understanding of NSCC, OCC, FICC & DTC.
  • High competency in Equities, Complex Options, Fixed Income, Reg T calculation, and Portfolio Margin.
  • Ability to work independently, manage tight deadlines, and excellent presentation skills, both written and verbal.
  • Advanced abilities using Excel, PowerPoint, and Bloomberg. SQL & Power BI is a plus but not required.
  • Series 7 required within 6 months.

Benefits

  • Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family.
  • Health Savings Account with company-sponsored contributions.
  • Flexible Spending Accounts (FSA) for traditional and dependent care.
  • Pre-Tax Commuter Benefits.
  • 401(k) plan with discretionary, competitive company matching and profit-sharing contributions.
  • Tuition reimbursement up to $5,250/year.
  • 3 weeks of Paid Time Off.
  • 2 weeks of Paid Sick Time (may vary by location).
  • 10 Paid Holidays.
  • Charitable Donation Matching Contributions.
  • Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer Time Off, Disability, etc.).
  • FINRA License Sponsorship.
  • Travel & Employee Assistance and Employee Discount Programs.

Pay

A reasonable estimate of the current compensation range for this role is $150,000 to $200,000. Colleagues may be eligible for additional, discretionary incentive compensation based on individual and firm performance. Decisions regarding compensation are determined on a case-by-case basis and depend on various factors, including skill sets, experience, training, licensure, certifications, and business needs.

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