A top-tier American Investment Bank is looking to hire a Head of Market Risk to manage the market risk at an executive level across the bank's Capital Markets business. This role will involve leadership of an expanding team that's accountable for designing, implementing, and operating the bank's strategic risk framework for Capital Markets. The framework involves managing risk identification and risk assessments, central risk monitoring, implementing FRTB controls, and risk governance. This individual will manage a growing, global team across the US and UK, and will be a direct point person for Traders, Quants, Technology, etc.
The bank is looking for a Market Risk SME with deep knowledge across the asset classes, a proven track record of leading teams, and the ability to be a face for regulators. This position will sit in the first line of defense and will liaise heavily with the broader risk management function. This individual will have mandate for build out this team significantly in 2022, so it's a pivotal hire for the business.
Responsibilities:
- Design a strategic risk framework to drive effective risk remediation
- Implement a first line market risk control framework that delivers enhanced risk reporting and governance
- Implement a front to back risk factor sensitivities taxonomy with governance and change management
- Enhance market risk limit management capabilities including central risk monitoring
- Strengthen large, complex, and illiquid trade approval workflow
- Implement an ongoing testing and continuous monitoring framework
- Serve as a lead on the Governance Committee
- Partner with Technology to deliver infrastructure enhancements
- Work with the 2nd line of defense to support market risk violation assessments
- Manage interaction with global regulators
Qualifications:
- Bachelors degree required, advanced degree preferred
- 15+ years of experience in Capital Markets, Market Risk, or a similar function
- Proven track record of leading teams of 8+
- Organizational leadership skills
- Deep knowledge of financial markets