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Head of Market Risk

  • Location

    NYC, United States

  • Sector:

    Risk Management

  • Job type:

    Permanent

  • Contact:

    Margarita Romero

  • Contact email:

    margarita.romero@jcwresourcing.com

  • Job ref:

    60702

  • Published:

    4 months ago

  • Expiry date:

    2021-09-23

  • Consultant:

    Margarita Romero

JCW Search is currently looking for a Head of Market Risk to join a commercial bank in NYC. The Head of Market Risk will report directly to CRO serving as second line of defense and Subject Matter Expert in identifying, assessing, measuring, analyzing and mitigating risks as. The incumbent will also lead the enterprise-wide risk management process.

Responsibilities

  • Continuously develop, enhance and embed the Market Risk Management Framework by partnering with CFO, Treasurer, Operations, Controller Audit and relevant players at the 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 “ALCO”, regulatory guidance including but not limited to Dodd-Frank and Volker-Rule
  • Proactively and frequently contribute to the Asset/Liability & Investment Committee (“ALCO”) 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.

Requirements

    • 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.

 

 

JCW Search is currently looking for a Head of Market Risk to join a commercial bank in NYC. The Head of Market Risk will report directly to CRO serving as second line of defense and Subject Matter Expert in identifying, assessing, measuring, analyzing and mitigating risks as. The incumbent will also lead the enterprise-wide risk management process.

Responsibilities

  • Continuously develop, enhance and embed the Market Risk Management Framework by partnering with CFO, Treasurer, Operations, Controller Audit and relevant players at the 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 “ALCO”, regulatory guidance including but not limited to Dodd-Frank and Volker-Rule
  • Proactively and frequently contribute to the Asset/Liability & Investment Committee (“ALCO”) 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.

Requirements

    • 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.