Credit/Market Risk Manager New York Self-Clearing Broker Dealer - AJ Consultancy
New York, NY
About the Job
We are seeking a talented and motivated Market/Credit Risk manager to join our team at a securities broker dealer. The Market/Credit Risk Manager will be responsible for monitoring and analyzing market risk exposure, ensuring compliance with regulatory requirements, and providing recommendations to senior management on risk management strategies.
- Conduct stress testing and scenario analysis to assess potential credit losses -
Develop and maintain credit risk models and methodologies -
Provide recommendations on credit risk mitigation strategies -
Collaborate with internal departments, such as trading, compliance, and legal, to ensure compliance with credit risk policies and procedures - Prepare and present credit risk reports to senior management -
Stay informed of industry best practices and regulatory requirements related to credit risk management
- Monitor and analyze market risk exposure across various asset classes, including equities, fixed income, and derivatives
- Conduct stress testing and scenario analysis to assess potential impacts on the firm's portfolio
- Develop and implement risk management strategies to mitigate market risk exposure, including the use of the most common measurements of risk, including but not limited to:
      standard deviation,
      sharp ratio, beta,
      value at risk (VAR),
      conditional value at risk (CVAR), and
      R-squared.
- Collaborate with traders, portfolio managers, and other stakeholders to understand trading strategies and potential risk exposures
- Prepare and present risk reports to senior management and regulatory authorities
- Stay up-to-date on market trends, regulatory changes, and industry best practices related to market risk management
- Ability to work independently and as part of a team in a fast-paced environment
If you are a proactive and analytical individual with a passion for market risk management, we want to hear from you. Join our team and help us protect and grow our firm's assets in a dynamic and challenging market environment.
Qualifications: - Bachelor's degree in finance, economics, or a related field - 3 years of experience in credit/market risk analysis, preferably within a securities broker dealer or financial institution - Strong analytical and problem-solving skills - Proficiency in financial modeling and risk management tools - Excellent communication and presentation skills - Ability to work independently and as part of a team - Knowledge of regulatory requirements related to credit risk management in the securities industry