The #1 Site for Finance Jobs - search all Finance jobs.

Head of Market Risk

Description

HEAD OF MARKET RISK

We have a perm Market Risk role with a bank in the NYC area. This will be moving quickly and certainly an exciting role! Below are the details
Must Haves:
- 10+ years of market risk experience
- middle office experience
- well rounded with : Financial Risk (Market, Liquidity, Interest Rate Risk)
- experience in the 2nd line of defense

Preferred Qualifications

MBA, Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) credentials.

Strong understanding of accounting principles related to Investment Portfolios (i.e., AFS vs HTM, AOCI, OTTI, Derivative and Hedge Accounting).


Qualifications
- Bachelor's degree in Finance, Economics, Mathematics, Accounting, Financial Engineering, or similar discipline.
- 10 Years + of combined experience both as a Market Risk Officer (in the second line of defense) and in a Front Office Capital Markets role (i.e., Bank Treasury, ALM and/or Funding).
- Deep understanding, familiarity and experience with fixed income products and analytics, specifically MBS, CMOs, CMBS, CLOs and municipal bonds.
- Deep understanding of Bank ALM, liquidity and funding principles including NII & EVE, non maturity deposits analysis, stress testing and various assumptions. This should include deep understanding of model creation and validation as well as prior experience with regulatory US liquidity modeling and reporting.
- Outstanding Communication Skills to interface with: regulators, stakeholders, Senior Management, Committees and employees of all levels.
- Thorough understanding of Credit, Market, Operational, Liquidity and Interest Rate Risk. Prior experience with Probability of Default, Loss Given Default, Value-at-Risk, fixed income derivative valuations.


Daily Responsibilities
- Continuously develop, enhance and embed the Market Risk Management Framework by partnering with CFO, Treasurer, Operations, Controller Audit and relevant players at Bank Leumi le-Israel (parent company) to deliver effective risk management to the Bank.
- Provide independent oversight of bank's portfolio to ensure obedience with limits as established by the Board of Directors and Asset/Liability & Investment Committee 'ALICO', regulatory guidance including but not limited to Dodd-Frank and Volker-Rule,.
- Proactively and frequently contribute to the Asset/Liability & Investment Committee ('ALICO') where the Head of Market Risk will be responsible for stress testing, model validation and back testing deliverables; developing and recommending policy enhancements.
- Provide an independent and effective challenge and oversight of the Investment Portfolio including FX, Interest Rates Swaps and IRS activity; Asset/Liability Management, Funding & Liquidity Functions; Security Based Lending.
- Collaborate across the organization, research industry best practices and provide the best solutions in achieving growth targets safely, gain buy-in from stakeholders including Senior Management.
- Evaluate the quality of the risk management and monitoring throughout the Bank
- Develop and evaluate stress scenarios and run firm wide stress scenarios
- Prepare the annual challenge of the work plan analysis
- Prepare the Executive Risk Management Committee's meeting packages and reports, including CRO Dashboards




About Aston Carter:

Aston Carter is a distinguished global provider of recruitment and staffing services to companies requiring highly specialized business professionals. As a Best of Staffing® Client and Talent leader, Aston Carter has an unrivaled commitment to delivering first class service to clients and business professionals across a variety of disciplines, including Accounting and Finance as well as Governance, Risk and Compliance. With more than 60 offices across Europe, Asia Pacific and North America, Aston Carter provides local, regional and global expertise to drive value and meet our customers' unique needs. Aston Carter is a division of Aerotek. Aerotek is an operating company of Allegis Group, a global talent solutions provider.

Requirements

 

Job Snapshot

Location US-NY-New York
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Finance
Apply

Company Overview

Aston Carter

Founded in 1997, Aston Carter is a global recruitment and staffing provider, specialising in the placement of Risk and Compliance, Operations, Business and Organisational Change, Finance, and Management Consultancy professionals. We have over 350 staff members servicing 16 countries in Europe and Asia, with headquarters in London and offices in Brussels, Hong Kong, Paris, Singapore, Stockholm and Utrecht, and further U.K. offices in Birmingham, Bracknell, Edinburgh and Manchester. Learn More

Contact Information

US-NY-New York
Gregory Cafiero
2125885836
Snapshot
Aston Carter
Company:
US-NY-New York
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Finance
Store Type:

Description

HEAD OF MARKET RISK

We have a perm Market Risk role with a bank in the NYC area. This will be moving quickly and certainly an exciting role! Below are the details
Must Haves:
- 10+ years of market risk experience
- middle office experience
- well rounded with : Financial Risk (Market, Liquidity, Interest Rate Risk)
- experience in the 2nd line of defense

Preferred Qualifications

MBA, Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) credentials.

Strong understanding of accounting principles related to Investment Portfolios (i.e., AFS vs HTM, AOCI, OTTI, Derivative and Hedge Accounting).


Qualifications
- Bachelor's degree in Finance, Economics, Mathematics, Accounting, Financial Engineering, or similar discipline.
- 10 Years + of combined experience both as a Market Risk Officer (in the second line of defense) and in a Front Office Capital Markets role (i.e., Bank Treasury, ALM and/or Funding).
- Deep understanding, familiarity and experience with fixed income products and analytics, specifically MBS, CMOs, CMBS, CLOs and municipal bonds.
- Deep understanding of Bank ALM, liquidity and funding principles including NII & EVE, non maturity deposits analysis, stress testing and various assumptions. This should include deep understanding of model creation and validation as well as prior experience with regulatory US liquidity modeling and reporting.
- Outstanding Communication Skills to interface with: regulators, stakeholders, Senior Management, Committees and employees of all levels.
- Thorough understanding of Credit, Market, Operational, Liquidity and Interest Rate Risk. Prior experience with Probability of Default, Loss Given Default, Value-at-Risk, fixed income derivative valuations.


Daily Responsibilities
- Continuously develop, enhance and embed the Market Risk Management Framework by partnering with CFO, Treasurer, Operations, Controller Audit and relevant players at Bank Leumi le-Israel (parent company) to deliver effective risk management to the Bank.
- Provide independent oversight of bank's portfolio to ensure obedience with limits as established by the Board of Directors and Asset/Liability & Investment Committee 'ALICO', regulatory guidance including but not limited to Dodd-Frank and Volker-Rule,.
- Proactively and frequently contribute to the Asset/Liability & Investment Committee ('ALICO') where the Head of Market Risk will be responsible for stress testing, model validation and back testing deliverables; developing and recommending policy enhancements.
- Provide an independent and effective challenge and oversight of the Investment Portfolio including FX, Interest Rates Swaps and IRS activity; Asset/Liability Management, Funding & Liquidity Functions; Security Based Lending.
- Collaborate across the organization, research industry best practices and provide the best solutions in achieving growth targets safely, gain buy-in from stakeholders including Senior Management.
- Evaluate the quality of the risk management and monitoring throughout the Bank
- Develop and evaluate stress scenarios and run firm wide stress scenarios
- Prepare the annual challenge of the work plan analysis
- Prepare the Executive Risk Management Committee's meeting packages and reports, including CRO Dashboards




About Aston Carter:

Aston Carter is a distinguished global provider of recruitment and staffing services to companies requiring highly specialized business professionals. As a Best of Staffing® Client and Talent leader, Aston Carter has an unrivaled commitment to delivering first class service to clients and business professionals across a variety of disciplines, including Accounting and Finance as well as Governance, Risk and Compliance. With more than 60 offices across Europe, Asia Pacific and North America, Aston Carter provides local, regional and global expertise to drive value and meet our customers' unique needs. Aston Carter is a division of Aerotek. Aerotek is an operating company of Allegis Group, a global talent solutions provider.

Requirements

 
Mwd07p5yx7gq5t68k4z
MoneyJobs Advice

For your privacy and protection, when applying to a job online: Never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction.Learn More

By applying to a job using moneyjobs.com you are agreeing to comply with and be subject to the workinretail.com Terms and Conditions for use of our website. To use our website, you must agree with theTerms & Conditionsand both meet and comply with their provisions.
Head of Market Risk Apply now