VP, US Cash Equities Risk Manager

Based in New York, as part of a global team the Risk Manager will have second‑line oversight of the US Cash Equities business, including facilitation, portfolio and index trading, ETF, convertibles, and securities finance desks.

About the role

The role ensures that risks arising from cash equities, convertibles, and securities finance desk activity are identified, understood, captured, reported, escalated as required, and managed within the firm’s risk appetite. It works closely with the CRO of Equities and partners across Global Risk Management, Trading, Sales, Product Control, Finance, Operations, Technology, Compliance, Credit Risk, Audit, and other control functions.

Key Responsibilities

• Oversee and risk‑manage relevant US Cash Equities desk / portfolios in accordance with Group risk policies and procedures.
• Ensure that risks arising from cash equities, convertibles, securities finance and principal trading activity are identified, understood, captured, reported, escalated as required, and managed within risk appetite.
• Monitor, review, and challenge daily risk metrics including VaR, stress‑testing results, sensitivities, inventory, concentration risk, liquidity risk, P&L explain, limit utilisation, and material position changes.
• Review large or complex one‑off transactions, facilitation requests, concentrated positions, sector and country exposures, event‑driven risks, convertibles exposures, securities finance desk activity, short positions, hard‑to‑borrow names, collateral considerations, and other material cash‑equities risk drivers as part of the pre‑trade and ongoing risk oversight framework.
• Ensure timely VaR sign‑off, accuracy of key risk metrics, and quality of associated reporting dashboards and reports.
• Update and enhance the limit framework, reporting, dashboards, stress testing, scenario analysis, and analytical tools as the risk profile of the business evolves.
• Review new business initiatives, product or strategy changes, securities finance developments, and trading workflow developments to assess risk drivers, regulatory considerations, governance requirements, and control implications.
• Prepare analysis and materials for risk committees, governance forums, senior management discussions, regulatory or audit responses, and ad‑hoc risk reviews.
• Liaise with key stakeholders including Trading, Sales, Product Control, Finance, Operations, Technology, Compliance, Credit Risk, Audit, and senior management.
• Support broader US Equities and global equities risk initiatives as required.

Experience, Skills and Qualifications

• Degree in a quantitative, finance, economics, engineering, computer science, statistics, or related discipline.
• Minimum 5 years’ relevant experience in market risk management, cash equities trading, securities finance, convertibles, product control, portfolio trading, quantitative analysis, or a related capital‑markets control function.
• Strong understanding of cash equities products and related market‑risk drivers, including inventory risk, convertibles, securities finance desk activity, liquidity risk, concentration risk, event risk, sector and country exposure, facilitation risk, and P&L explain.
• Experience reviewing market‑risk exposures, stress‑testing results, VaR, sensitivities, limit frameworks, trading‑portfolio concentrations, and material risk moves.
• Good appreciation of the regulatory and governance environment applicable to equities activity at large financial institutions, including policies and procedures, risk appetite, committee governance, limit frameworks, escalation standards, new‑business review, audit, and regulatory engagement.
• Ability to analyse complex portfolio information and convert data into concise, actionable risk commentary for senior management and governance forums.
• Proven track record of working successfully with traders and analysts and communicating effectively with senior management.
• Strong oral and written communication, planning, project‑management, networking, influencing, and stakeholder‑management skills.
• Working knowledge of SQL, Python, VBA, Power BI, Bloomberg, or other risk‑analytics tools (preferred).

Pay

Salary range: $175,000 – $200,000

Benefits

• Comprehensive medical, dental, and vision coverage
• 401(k) retirement plan
• Life, accident, and disability insurance
• Wellness programs
• Annual discretionary incentive and retention bonus
• Paid time off including vacation, sick leave, holidays, and parental leave