Trade Association Director, Risk And Capital

New York, NY

Posted: 08/02/2018 Industry: IT Perm Job Number: 11071674
The Risk and Capital Function works with members, regulators, policy makers and other standard setting bodies to develop an industry position and produce technical analysis and advice on risk and regulatory capital issues in the cleared and uncleared derivatives market with a view to:
  • Ensuring prudent risk sensitive regulation and capital charges are applied uniformly and consistently to various financial risks and across different markets and jurisdictions
  • Facilitating the adoption of best and effective risk management practices by all participants in the cleared and uncleared derivatives market, including CCPs
  • Minimising systemic risk and ensuring safe efficient markets

Client is seeking a Director of Risk and Capital based in Washington D.C. Or New York reporting to the Head of Capital.

The Role
The role is focused on global capital regulation generally and specifically the national implementation in the US through legislation and US agency rulemaking. The position will therefore play a key part in the global Capital Regulation debate.
The successful candidate will be involved in various capital regulation initiatives including finalising the revisions to the Basel Capital Accords and most importantly, their national implementations, particularly with respect to OTC derivatives.

You will have extensive interaction with market participants. Understanding the detail of the proposed regulations, interacting with members, and supporting key CLIENT Risk working groups on risk and capital matters, including the FRTB, CVA, LR, SA-CCR & NSFR, are the key dimensions of the role. It will also involve helping to coordinate industry meetings, facilitating consensus amongst member firms, performing quantitative analysis, writing papers and minutes and ensuring that the groups deliver results and that these are presented as effectively as possible.

Specific Responsibilities of the role:
  • Following all regulatory developments in risk and capital with specific emphasis on US regulation
  • Participating in relevant working groups and ensuring these are run effectively and efficiently
  • Liaising with members generally on risk and capital issues
  • Responding to regulatory publications, consultations and discussion documents
  • Frequent regulatory engagement
  • Contributing to position papers and white papers on key topics
  • Coordinating research studies to support arguments put forward
  • Contributing to conferences to educate and raise awareness on key issues

Required Skills and Knowledge
  • The technical nature of the work on capital issues, including providing analytical and quantitative backup to policy making discussions, requires strong analytical and quantitative skills.
  • There is premium assigned to strong verbal and written communication skills, as well as ability to interface and establish consensus.
  • Detailed knowledge of the Basel Capital Accords & US Agency rule makings as they apply to OTC derivatives, and previous exposure with the subject is essential
  • You will also need to be a confident public speaker and be able to develop and present relevant material at CLIENT conferences.

Desired Experience and Education
  • Candidates should have at least five years of experience in risk management and capital aspects of OTC derivatives.
  • Qualifications in quantitative finance are required ideally to at least Masters level, or the equivalent professional qualification.
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