Market Risk Operations Specialist
Job Function Summary
The Risk Operations Specialist is a crucial role for supporting firm wide Risk and Controls infrastructure and functions overseeing the firm’s trading operations. Successful candidate will bring strong technical background from the areas of Finance, Market Risk and Technology and apply data analytics, quantitative methods and functional expertise to enhance and improve data quality, reporting, operational processes and controls. The role will contribute to and potentially lead team projects therefore must be comfortable working in fast paced and deadline sensitive environment. This position has a global focus and requires frequent collaboration with key internal and external stakeholders thereby providing broader perspective of the market risk, controls and financial regulatory regimes.
Principal Responsibilities
Collaborate with various functions across Core Operations, Middle Office, Market Risk, Finance, Treasury, Technology, Legal and Compliance globally to design, develop, maintain and enhance preventive controls and data governance frameworks.
Have a strong understanding of financial derivatives, market risk models and risk metrics such as VAR, Greeks, credit and interest rate spreads, DV01 etc. and be able to communicate complex products and concepts in a simple and effective manner to management and various stakeholders.
Be able to develop deep understanding of firm’s operational trade life cycle functions including trade capture, T0 and T1 confirmation/affirmation, asset servicing, pricing/valuation, pnl calculations, collateral management, financing etc.
Automate any manual reporting processes to ensure timeliness and accuracy of risk and regulatory reporting globally for end clients using data analytics solutions.
Create and manage comprehensive quantitative scorecards aligning key performance and risk indicators by asset class, market, broker, trading group, legal entity etc. to assist in strategic decision making.
Firm-wide consolidation of key regulatory reports for domestic and international regulators.
Qualifications/Skills Required
Graduate Degree (MBA, MS or Equivalent) from an accredited university.
2 - 4 years of experience in financial services; strong knowledge of financial instruments, securities and derivatives.
Strong knowledge of SQL, VBA and at least one of the analytics programming language such as Python, R, Scala etc.
Actively pursuing or completed any financial certifications such as CFA, FRM, CPA, Series 7, 63 preferred but not required.
Highly analytical and strategic thinker; ability to make sense of large amount of data and devise & execute project plans in timely manner.
Quick learner and has the ability to grasp new concepts and processes quickly.
Self-starter, solid organizational skills, ability to multitask effectively.
Excellent written and verbal communication skills, strong presentation skills.
Detail-oriented; demonstrable thoroughness and strong ownership of work.
Strong interpersonal skills; ability to work collaboratively with wider teams internally as well as with external parties.
Able to prioritize in a fast moving, high pressure, constantly changing environment; High sense of urgency to meet tight deadlines.
