VP / Team Lead, Equity Market Risk

Full Time

Madison-Davis Client

Overview

  • Overseeing a team of 9, all very junior members
  • Must have Equity Derivates experience
  • Must understand VAR
  • Must be able to face off with the business, this position sits on trading floor and needs to be able to be comfortable facing off with traders
  • Role will ensure oversight of production, be able to certify the P&L is correct; Monitor and report risk breaches and notify front office
  • Oversee dashboards creation and ensure accuracy

The main missions of the team are to:

  • Produce, certify and publish the risk and P&L metrics of the trading desk
  • Help traders understand and manage their positions and risks through various reports and analysis
  • Be a major contributor to the different regulatory projects that impact the bank

Job Responsibilities

  • Working closely with the trading teams to develop a deep knowledge of their business and clients
  • Production and certification of Greeks and sensitivities to different risk factors (Spot, Volatility, Dividend, Repo, Forex etc);
  • Monitoring and certification of Stress-Tests and regulatory metrics such as Value-at-Risk
  • Contribute to the backtesting of the VaR
  • Specific analysis to explain risk exposure and/or business performance to our different partners
  • Monitoring of risk limit consumptions and follow-up of limit breaches with Front-Office and Risk management
  • Certification of the Profit & Loss and Income Attribution of the trading desk
  • Publish commentary about the Daily and Monthly P&L to senior management
  • Reconciliation of month end Economic P&L to the general ledger
  • Liaison with other departments to work on transversal and regulatory projects
  • Continuous enhancement of P&L/Risk processes and systems using VBA/Python for macros and ITEC teams for the global industrialized tools
  • Creation of daily and weekly Dashboards in order to better monitor the trading activity

Job Requirements

  • Strong interpersonal skills
  • Handle various ad-hoc requests
  • Prone to take initiatives
  • Reactive, detail-oriented, driven to work in a fast learning environment
  • Solid verbal and written communication skills
  • Ability to prioritize and work in a dynamic, deadline-focused environment
  • Self-motivated and proactive
  • Willingness & a strong desire to learn
  • Knowledge of Equity derivative instruments
  • Strong analytical and mathematical skills
  • Proficient VBA/SQL programming
  • Knowledge of volatility instruments would be a plus
  • Python programming language.
  • Experience in a financial industry company with good knowledge of Equity risk and P&L metrics.
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