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VP, Market Risk Governance Specialist

  • New York, NY
  • Full Time

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Office Status: Hybrid
Salary: $142,000 to $176,000


  • Maintains the entity level Risk Governance under CFTC/NFA and FINRA Regulations. Additionally maintains market risk governance framework across CUSO under FRB regulations.
  • Monitors the firm’s compliance with the Volcker Rule and produces monthly analysis.
  • Assists Group Head in coordinating the New Product Committee process for the Head of Risk Management.
  • Reports updates and outstanding issues related to the NPC.
  • Periodically analyzes the firms Risk Tolerance Limits and Risk Appetite Framework and works with relevant departments to propose updates if needed, and secure approvals from Risk Committees.
  • Work closely with units such as treasury and client-facing functions to better understand the risks in their businesses and the instruments they handle.
  • Improve modeling techniques and risk framework and understand emerging issues through partnerships with consulting firms and other financial institutions.
  • Establish relationships with rating agencies to help improve modeling and understand emerging trends.
  • Improve workflows and data gathering / sharing through collaborations with units such as finance, compliance, legal and IT.
  • Work cooperatively with industry specialists, country risk managers, credit review / analysis staff and relationship managers to determine and evaluate potential risks and efficacies of policies and procedures.
  • Support long- and short-term planning, new product development, ALM and risk management meetings.
  • Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.
  • Establish relationships with auditors and regulators to better understand their concerns and reduce potential
    compliance issues.

  • Strong knowledge of derivatives and their key risks, particularly interest rate and FX products.
  • Familiarity with relevant risk concepts and related valuation concepts (e.g. VaR and stress-testing standards, counterparty exposure estimation, liquidity estimation, model assessment and validation, documentation and reporting approaches).
  • In-depth knowledge of U.S., non-U.S. and international banking laws and specifically Risk Management frameworks and regulatory requirements.
  • Expert knowledge of the Dodd Frank Act, CFTC Rule 23.600, the Volcker Rule, and Swap Dealer registration requirements.
  • Excellent communication skills, leadership and relationship-building skills to work with internal departments, affiliates, Head Office and regulatory bodies.
  • Expert ability to work collaboratively with internal risk management colleagues and risk management leaders across all subsidiaries and globally.