A leading American Investment Bank in NYC is looking to bring on a Chief Market Risk Officer, reporting to the CRO, to build out the risk framework and capabilities for their Capital Markets business.
This hire will be responsible for the organization and coordination of all risk activities and initiatives for the US, and directly support the CRO. This person will have significant visibility to the firm, as they will be responsible for working directly with the CRO to develop and enhance the current Market Risk Framework and play an integral part in shaping the future of Market Risk at the firm.
Ideal candidates would have 15+ years of experience in a Market Risk or Capital Markets Risk, familiarity with Market Risk frameworks, regulatory standards from a Market Risk perspective, and previous experience working directly with C-suite executives and regulators.
Responsibilities:
- Coordinate risk management activities for senior leadership and business leaders
- Escalate market risk matters to Desk Heads, CRO and Executive Board
- Establish risk appetite framework, define the business appetite for risk taking and establish proper controls
- Constantly work with trading desk heads to monitor risk limits, metrics, and emerging macro risks
- Ensure the risk framework satisfies regulatory requirements, engaging directly with regulators on regulatory initiatives like Basel III Endgame, Volcker Rule compliance, and FRTB
- Help enhance current Market Risk Governance framework, Risk Policy, Risk Controls, and assessments
Qualifications:
- 15+ YOE in a Market Risk or Capital Markets Risk role
- Familiarity with various Market Risk metrics/topics (VaR, XVA, Valuation Methodology, Derivatives Pricing, Stress Testing)
- Strong knowledge of Capital Markets and related securities (Rates, FX, Equities, MBS, etc.)
- Excellent communication skills and ability to work with senior stakeholders
- Previous experience leading a team
- Knowledge of regulatory requirements for Market Risk
