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VP, Market Risk Strategic Initiatives Specialist

  • New York, NY
  • Full Time

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

Responsibilities:

  • Establish / maintain thresholds, at-risk levels, and exposure limits.
  • Prepare periodic reporting to analyze positions, compare to thresholds, and ensure compliance. Work with business unit to optimize risk / return, remediate and avoid exceptions, and identify root causes of non-compliance and variances to expected performance.
  • Using existing risk models and guidelines, work with business unit to establish operational procedures, monitor compliance.
  • Identify necessary changes to both risk models and operating procedures.
  • Rationalize and optimize both transaction level controls and policies.
  • Evaluate and approve exceptions according to clip levels.
  • Ensure business partners are aware of their risk responsibilities (operational, market, credit, etc.) and provide knowledge of policies and procedures.
  • Demonstrate an advanced knowledge of your business area to streamline workflows and design relevant controls / thresholds and analysis.
  • Have a solid understanding of risk frameworks, principles, types, and exposures to create meaningful exception reporting including analysis of risk / reward.
  • Demonstrate a working knowledge of modeling and analytical skills to create meaningful measurement and reporting on key risk exposures.
  • Demonstrate a solid understanding of information technology to better gather, manage and monitor key data sets.
  • Use a working knowledge of finance and accounting to help quantify impact analysis and create meaningful thresholds, policies, and procedures.
  • Be familiar with financial services trends and emerging issues to update risk processes and avoid exceptions.
  • Apply a basic understanding of financial crimes, securities and other laws and regulations to create policies, procedures and reporting that reduce regulatory risk.