VP, Prime Services Risk
A global investment bank is looking to bring on a VP of Prime Services Risk to their team based in their New York office.
This person will be responsible for managing risk across prime, counterparty credit, and business and developing the risk framework which includes margin risk methodologies. This person will also collaborate with various teams such as trading, credit, counterparty, and the front office to work cohesively to ensure all risk coverage. They will also be responsible for stress testing and scenario analysis for the business.
This ideal hire should have 5 years of risk experience, ideally in Prime Risk, Market Risk, or Counterparty Credit Risk, with a deep understanding of products across various asset classes.
Responsibilities:
- Partnering with the Prime Finance and Credit risk teams to ensure client portfolios adhere to risk limits
- Collaborate with various teams across the business like CCR and Trading teams to provide risk coverage
- Develop risk frameworks including margin risk methodologies
- Drive stress testing and scenario analysis for the business
Qualifications:
- 5 years of risk experience, ideally within the Prime, Market Risk, or Counterparty Credit Risk
- Experience with VaR and stress testing
- Exposure to and strong understanding of equities products such as Delta One, Swaps, and derivatives across all asset classes - experience with synthetic prime is a plus
- Strong understanding of market risk and counterparty risk processes and metrics
- Strong knowledge across a range of PB offerings and products like financing, securities lending, and OTC clearing
- Quantitative background would be preferred
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