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Director, Market Risk Strategic Initiatives Specialist

  • New York, NY
  • Full Time

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Office Status: Hybrid
Salary: $188,000 – $220,000


  • Assist Team Lead to implement risk management framework and environment that has sufficient stature, authority, access, and resources to reflect leading industry practices that meet both business and regulatory requirements for the appropriate risk structure.
  • Ensure an objective, critical assessment of risks and define and develop key risk categories and risk identification in full compliance with relevant regulations.
  • Assist in the development of frameworks, policies, processes, and procedures designed to ensure risk identification, aggregation, mitigation, and monitoring capabilities in compliance with the sound operation of both business and regulatory requirements.
  • Maintain an effective independent risk management function that properly controls the legal entities’ risks, meets US, Japanese and other relevant country regulatory risk requirements, and head office requirements.
  • Analyze new products and business lines, evaluate the costs, benefits, and risks of each new product offered, and make specific recommendations thereto.
  • Assist in overseeing the provision of risk services to the legal entity by risk specialists, ensure services delivered are consistent with requirements and, where needed, escalate issues, and suggest changes to service requirements in KRIs to ensure appropriate service.
  • In-depth knowledge of market risk, credit risk, liquidity risk, operational risk, and other risks.
  • In-depth knowledge of U.S. and international banking laws and regulatory requirements and best practices (specifically risk management frameworks and regulatory requirements such as FRTB, Basel Market Risk Rule, IRBB, Basel SA-CCR, Dodd Frank Act, CFTC Rule 23.600, the Volcker Rule, and Swap Dealer registration requirements, SR 11-07, SR 11-10, etc.)
  • Strong knowledge of derivatives and their key risks, particularly interest rate and FX products and an expert understanding of relevant risk and related valuation concepts (e.g. VaR and stress-testing standards, counterparty exposure estimation, liquidity estimation, model assessment and validation, documentation, and reporting approaches).
  • Familiarity with risk management frameworks for various valuation risk adjustments in derivatives (e.g. CVA, DVA, FVA, CTDVA, KVA and IM).
  • Experience dealing with regulators such as FRB, NY DFS, CFTC, NFA and FINRA.
  • Expert ability to work collaboratively with internal risk management colleagues and risk management leaders across all subsidiaries and globally.
  • Strong reasoning ability understands complex situations, people and systems needs against backdrop of managing a risk management environment.