An International Bulge Bracket Bank is hiring a VP to join their In-Business Prime Brokerage Risk team in NYC.
This individual will be joining a growing 1st line PB Risk team and cover counterparty financing risk for their Delta One business. The bank runs both cash and synthetic prime in the business, and this position will be working with and advising internal stakeholders and external clients to assess margin requirements, stress loss scenarios, portfolio and counterparty risk analytics, and more.
The ideal candidate has 5+ years of direct prime brokerage risk management experience, prior experience working closely with buyside firms, and strong communication skills and technical abilities.
Responsibilities:
- Work in the front office with senior risk management as well as Account/Relationship Management, Sales, and other stakeholders to support complex institutional and mitigate risk
- Interact directly with clients on portfolio analysis and risk assessment, building strong relationships
- Assess counterparty risk and margin levels to minimize exposure and provide unique solutions to complex situations
- Liaise with regional and global risk teams within the bank to enhance the risk framework and support developments on ad hoc projects
Qualifications:
- 5+ years of front office and/or PB Risk experience
- Deep knowledge of market, counterparty, and credit risk management and metrics
- Experience with and understanding of Initial Margining, SIMM models, or CVA/FVA/XVA
- Proficiency in Python, R, and/or SQL strongly preferred
- Excellent written and verbal communication skills
