Credit & Market Risk Assoc Director

New York, NY

Posted: 01/14/2022 Industry: FIN Perm Job Number: 16325398

Job Description

Global Asset Management firms  Credit & Risk group is looking for a Associate Director who will play a substantial role in the evaluation and monitoring of the firm' s credit and market risk exposures as well as assisting in the firm' s liquidity management. The individual will also be responsible for monitoring portfolio margin / prime brokerage client portfolios. This position requires a highly organized and analytical thinker who can quickly adapt to daily challenges and take on a variety of responsibilities in this relatively small but important department. Successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fastpaced, dynamic and demanding environment. Description The Credit & Market Risk function exists to mitigate counterparty / institutional customers risk in the equity, options and fixed income markets. This involves reviewing the firm' s credit & risk exposure (Portfolio Margin / Prime Brokerage, Repo, or Securities Lending) on a daily basis. Main duties of the role will include but not be limited to: • Daily monitoring of credit and market risk exposures in various parts of the company' s businesses, including portfolio margin clients, fixed income repo, securities lending, direct prime brokerage customers, and correspondent clearing. • Provide accurate and timely measurement of all relevant credit and market exposure at counterparty and portfolio level to help facilitate credit decisions. • Recommend appropriate risk limits and ensure processes are in place to monitor against limits. • Review the line of business activities fall within pre-established boundaries and expectations or concerns are escalated for management review. • Monitor global macro market environment and impact of market events on current portfolios. • Monitor deposits at all central clearing counterparties (DTC, NSCC, OCC and FICC). • Quantify potential impact to CCP deposits based on potential new transactions or new relationships. • Investigation and reconciliation of client portfolios aligning mark-to-markets or yield curves and mitigating the firm' s risk. • Daily engagement with key external counterparties and internal executive management. • Contribute to the development of risk framework, guidelines, policy and procedures. • Identify issues and escalate to management. • Monitor risk exposures against guidelines and proactively engage with the business to avoid and resolve any possible exceedances.

Qualifications: • Bachelor' s degree from an accredited traditional 4-year college/university, preferably in finance, mathematics or economics. • 3 - 5 years' experience in a credit & risk required, preferably in a broker/dealer capacity. • Experience in managing risk associated with portfolio margin / prime brokerage client' s portfolio • Strong knowledge of market and credit risks, financial markets and products (Equity, Options, Corporate Bonds, Municipal Bonds, TBAs, MBS and US Treasuries). • Thoughtful, precise, clear and accurate written and oral communication skills. • Strong Proficiency in Excel, Access, Bloomberg, SQL to maintain, improve and develop reporting tools. • Strong interest in client interaction and possess outstanding verbal and written communication skills • Strong problem solving and analytical

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Richard Franco

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