Director/ED - Market Risk Stress Testing (GMS)
A leading Investment Bank in NYC is investing heavily in the expansion of its Market Risk function, with a particular focus on Global Market Shock (GMS) and firm-wide stress testing capabilities. As part of this strategic initiative, the bank is building out a new, high-impact team that will sit at the center of regulatory, risk, and front-office engagement.
This is a unique opportunity to join at an early stage of the build, where you will play a foundational role in shaping frameworks, methodologies, and governance around market stress scenarios and capital adequacy.
Ideal candidates will have 8-10+ years of experience in Market Risk or Counterparty Risk with hands on experience leading various regulatory Market Risk initiatives such as FRTB, Stress Testing, CCAR, etc. It is a huge bonus if this person has prior experience working directly on a GMS program.
Responsibilities:
- Drive the development and enhancement of Global Market Shock (GMS) methodologies within the Market Risk framework
- Play a key role in stress testing, scenario design, and loss attribution across trading portfolios
- Partner closely with Front Office, Risk, Finance, and Regulatory teams to ensure alignment with evolving regulatory expectations
- Contribute to CCAR / stress testing submissions, helping translate market moves into capital impacts
- Help define and implement new processes, controls, and infrastructure as part of the broader team buildout
Qualifications:
- 8-10+ years of experience in Market Risk, Stress Testing, or Capital Markets Risk regulatory initiatives like CCAR, Market Risk Capital, FRTB etc.
- Exposure to Global Market Shock (GMS), CCAR, or regulatory stress frameworks
- Strong understanding of trading products and market risk drivers
- Strong leadership experience, with the ability to build teams, mentor talent, and deliver under tight regulatory timelines
- Ability to operate in a buildout / evolving environment
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your resume and details on file so when we see similar roles or see skillsets that drive growth in organizations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your resume so you can be considered for roles that have yet to be created.
Yes, we help with resume and interview preparation. From customized support on how to optimize your resume to interview preparation and compensation negotiations, we advocate for you throughout your next career move.