US Rates - Rates Market Risk Manager - Vice President

Job Description:

Job Title US Rates - Rates Market Risk Manager

Corporate Title Vice President

Location New York

Overview

As a Market Risk Manager covering Rates, you will ensure the effective risk management and oversight US Rates business which includes a variety of sub-businesses such as Repo, Treasuries, Swaps, Options, Exotics, RMBS and Munis. You will join a team of risk managers sitting on the trading floor and directly coordinating with traders and other business partners to help support business expansion initiatives, daily risk management, help with risk appetite calibrations, improve framework and reporting and strive for efficiency and streamlining of processes.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
  
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
  
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
  
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
  
• Educational resources, matching gift and volunteer programs
  

• Developing, implementing, and maintaining risk control framework for the US Rates business
  
• Daily monitoring of risk, stress and Value-at-Risk (VaR) exposures, ensuring risk completeness and accuracy (for example by monitoring closely and understanding the P&L drivers every day)
  
• Developing and implementing new stress testing analyses to better quantify the different basis risks that the desk runs
  
• Keeping abreast of latest news and possible implications to the markets and the positions that the desk runs
  
• Ensuring internal and external governance policies are being effectively applied
  
• Liaising with trading desks with respect to exposures, new business and market activityand driving risk management infrastructure development
  

• High standards of integrity and a commitment to 'doing the right thing' i.e. ability to challenge the Business
  
• Mentor junior team members
  

• Moderate experience in market risk management, trading, structuring which involves understand of market rates

• Strong interpersonal skills, with ability to build internal and external client and stakeholder relationships
  
• Deep understanding of financial markets
  
• Sound understanding of bank regulatory framework
  
• Confidence, drive and enthusiasm
  
• Ability to uphold the team's standards in disagreements with stakeholders whilst maintaining a constructive dialog