A Top Bulge-Bracket Bank in the New York area is hiring a junior Market Risk Manager to sit on the trade floor and cover market risk management across the Equities desk. This is a very lean team that has a flat structure, rolling up to the Head of the Group and offering broad exposure in working with the traders, front office, and senior business partners.
This hire will be responsible for sitting on the trade floor covering market risk management of the equities desk and covering all risk exposure, reporting, monitoring, production, limits, etc., of all market risk, along with working with all the senior managers, front office, and traders on a daily basis. Additionally, the hire will be responsible for daily signoff on all risk, stress VaR and VaR figures for accurate market risk assessment.
The firm is ideally looking for candidates with direct equities experience from a risk perspective. Being that the team covers equity products ranging from exotics, flow derivatives, cash equities, etc., the hiring manager is open-minded on where the equities experience comes from. Additionally, this hire should have a strong understanding of market risk and all risk metrics (VaR, stress testing, etc.), along with excellent soft skills due to the frequent interaction with the traders and senior management.
Responsibilities:
- Market Risk Management across the Equities desk
- Working with the trading desk on a daily basis for all market risk trends, themes, drivers, and risk exposures
- Interacting with senior stakeholders and management
- Understanding risk measurements and management concepts (VaR, stress testing, capital modeling, etc)
Qualifications:
- 3+ years of experience in market risk management covering equities
- Strong knowledge of all risk metrics and concepts
- Excellent communication skills and the ability to effectively interact with the traders and senior management
