Executive Director - Market + Liquidity Risk Manager
A leading Boutique Investment Bank and Broker-Dealer is looking to expand their Risk Management function by bringing on a Director/ED level Risk Manager to lead and head up the risk management team. This bank offers a full suite of services like capital markets, equity research, M&A, and advisory.
For the last few years this bank has grown their Capital Markets and Banking function, trading across Fixed Income, Equities, and Derivatives. Because of the growth, the firm is looking to bring on essentially a head of risk management to oversee market, credit, counterparty, and liquidity risk. This hire will report directly to the C-Suite and be responsible for developing and shaping new risk frameworks, models, systems, and infrastructure.
The ideal hire will have at least 10+ years of experience in Risk Management at an Investment Bank, Clearinghouse, Prime Brokerage, or other financial services firm. Ideally this candidate will have exposure to Market, Credit, and Liquidity Risk as well as a strong understanding FINRA regulations and margin requirements.
Responsibilities:
- Monitor portfolio risk by evaluating risk concentrations and sensitivities across all traded products and asset classes (Fixed Income, Equities, Derivatives), monitor exposure across trading desks and communicate with Front Office
- Develop and enhance quantitative risk models for stress testing, performance attribution, VaR, liquidity metrics, etc.
- Shape new Liquidity Risk framework, monitor daily liquidity positions and funding requirements, ensuring compliance with limits and regulatory requirements
- Asses counterparty credit risk, monitor credit worthiness of trading and lending counterparties, conducting reviews and recommending strategies to senior management
- Design and develop stress tests for firm and portfolio level
Qualifications:
- 10+ years of experience in Risk Management at an Investment Bank, Clearinghouse, Prime Brokerage, or other financial services firm
- Demonstrated ability in stress testing, market risk management, and understanding quantitative risk
- Strong understanding of Market, Credit, and Liquidity Risk (LCR, NSFR, ILST)
- Prior experience working directly with regulators, and strong knowledge of FINRA regulations
- Previous experience working on margin methodology, understanding of margin requirements
- Technical skills in Python, SQL, VBA, etc.
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