Market Risk Manager, Financial Risk & Governance - Direct Hire - NJ

Jersey City, NJ

Bachelor's Degree in Finance + 8+ years' related experience in Financial Risk and Governance + experience within FICC

Negotiable Salary

(sponsorship not available)

#jobs

#bkoutlooks

Job Responsibilities:

-Review, evaluate and sign off on a daily work and other deliverables to ensure quality, accuracy and timeliness of work performed.
-Proactively identify and evaluate change in member’s market risk exposures, liquidity needs and settlement obligations and provide solutions to mitigate exposures in timely manner.

-Monitor market conditions and economic trends to anticipate potential risks and their potential impact on members’ margin requirements.
-Mitigate risk by ensuring adherence of the processes to the policies and procedures, identifying potential model, report errors, and demonstrating strong ethical behavior.
-Manage issues arising from internal audits, regulatory exams, and risk assessment, collaborate with partners to develop and implement remediation plans.
-Work on projects and process enhancements to effectively mitigate emerging risk in support of new and existing products.
-Mitigates risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior
-Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios;

-Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances;
-Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and

-Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.

-Responsible for the monitoring of daily margin calculation and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations and the depository.
-Responsible for driving new business initiatives, leading all aspects of risk systems design and continuous improvements, compliance with Risk Management policies and procedures.

Job Qualifications:

Leave a comment