Director of Credit and Risk
Director of Credit and Risk
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Job Description
Main duties of the role will include but not be limited to:
Assess margin requirements and stress loss of Prime Brokerage / Portfolio Margin clients.
Daily monitoring of credit and market risk exposures in various parts of the company s businesses including portfolio margin clients fixed income repo securities lending direct prime brokerage customers and correspondent clearing.
Monitor global macro market environment and impact of market events on current portfolios.
Monitor deposits at all central clearing counterparties (DTC NSCC OCC and FICC).
Quantify potential impact to CCP deposits based on potential new transactions or new relationships.
Investigation and reconciliation of client portfolios aligning marktomarkets or yield curves and mitigating the firm s risk.
Perform due diligence on all new portfolio margin / prime brokerage relationships.
Experience in managing risk associated with portfolio margin / prime brokerage client s portfolio
Strong knowledge of market and credit risks financial markets and products (Equity Options Corporate Bonds Municipal Bonds TBAs MBS and US Treasuries).
Knowledge of risk management framework (VaR and StressTesting standards counterparty exposure estimation liquidity estimation model assesement and validation) VaR stress tests tail exposure.
Strong Proficiency in Excel Access Bloomberg SQL to maintain improve and develop reporting tools.
Requirements
5 years experience in a credit & risk required preferably in a broker/dealer capacity
Credit & Risk group is looking for a Director who will play a substantial role in the evaluation and monitoring of the firm s credit and market risk exposures as well as assisting in the firm s liquidity management.
The individual will also be responsible for monitoring portfolio margin / prime brokerage client portfolios.
The Credit & Market Risk function exists to mitigate counterparty / institutional customers risk in the equity options and fixed income markets. This involves reviewing the firm s credit & risk exposure (Portfolio Margin / Prime Brokerage Repo or Securities Lending) on a daily basis.
Benefits
5 years experience in a credit & risk required, preferably in a broker/dealer capacity
Education
A bachelor's degree in accounting or finance
Employment Type
Full Time
