Global Risk Management, Market Risk

This is a fully remote position, open to applicants in United States.

📋 Description

• Take ownership of the market risk framework and oversee daily operations for the Global Markets business, which includes the swap dealer.

• Assess, limit, and report risks associated with derivatives, financing, spot trading with delayed settlements, and collateral rehypothecation.

• Develop tools and systems to measure risk effectively.

• Function as an independent second-line risk entity distinct from trading and sales.

• Challenge decisions made by desks, evaluate stress scenarios, and clarify exposures to management.

• Write production-level code, manage risk data, and transition from spreadsheets to automated controls.

• Work collaboratively with teams in Trading, Treasury, Accounting, Operations, and Engineering.

• Act as the representative of the risk function to regulators and auditors.

• Conduct daily market risk assessments across spot, lending, and derivatives portfolios.

• Design, update, and implement risk limits; escalate any breaches and monitor remediation efforts.

• Establish and review collateral haircuts, margin requirements, concentration add-ons, and liquidation thresholds.

• Create stress scenarios and interpret results into applicable limits and impacts on capital/liquidity.

• Contribute to the risk management program and documentation for the swap dealer.

• Generate risk reports for senior management, risk committees, and regulatory bodies.

• Identify gaps in risk coverage, data, or systems and spearhead solutions through production.

• Foster a culture of risk management, continual improvement, and strategic innovation.

⛳️ Requirements

• Proven experience with market risk management across spot, lending, and derivatives portfolios.

• Familiarity with VaR, stress testing, and sensitivity measures such as delta, gamma, vega, and basis.

• Experience in the design, revision, and implementation of risk limits.

• Knowledge of collateral haircuts, initial and variation margins, concentration add-ons, and liquidation thresholds.

• Experience in developing historical and hypothetical stress scenarios.

• Understanding of risk management programs for swap dealers.

• Experience with risk-critical systems, access controls, and change management processes.

• Ability to produce risk reports for senior management, risk committees, and regulatory authorities.

• Understanding of operations within the Global Markets business.

• Knowledge of CFTC and NFA requirements relevant to swap dealers.

• Familiarity with positions, pricing, and collateral-value data systems and their limitations.

• Capability to apply risk appetite, policies, governance structures, escalation paths, and approvals effectively.

• Competence in challenging business leaders and clearly communicating quantitative concepts.

• Ability to cultivate cross-functional relationships and encourage the adoption of risk frameworks.

🏝️ Benefits

• Opportunity for full-time remote work.

• Commitment to equal employment opportunities and an inclusive workplace.

• In-person onboarding process that includes physical identity verification and secure IT setup.