Volcker - BA Risk Specialist

Experis
US - New York - New York
November 1, 2024
Management

Role:
Volcker - BA Risk SpecialistLocation:
NYC, NY -10013 (Hybrid - 3 days onsite per week)Position type:
12+ months with high possibility of extension/ConversionJob description:

Global Markets provides world-class solutions that are as diverse as the needs of the corporates, institutions, governments, and individual investors we serve in 160 countries and territories. The breadth, depth, and strength of our underwriting, sales and trading, and distribution capabilities span asset classes and currencies, sectors and industries, covering a vast array of products.

The candidate will be a key member of Credit and Price Risk Execution in Client Global Markets. Markets Credit and Price Risk Execution is mandated to establish and maintain a robust first line of defense designed to minimize risk within the business including leading critical control initiatives to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks.

The Volcker Rule Office (VRO) is a first line function which provides overall coordination and monitoring in support of Clients Volcker Compliance Program. Responsibilities include monitoring and maintenance of the central control framework as well as coordinating engagement with Clients lines of defense. The VRO works closely with the Businesses, Independent Risk Management, Compliance, Legal, Finance, and others. The team oversees operation of key processes and controls for the firm including the following areas:
Desk structure, Desk mandates, trading / hedging strategies, products, limits, covered funds and metrics reporting to the Volcker Regulators. As a member of the Volcker Rule Office, you will deliver integrated solutions supporting Clients global Volcker Rule compliance program among other regulatory deliverables including but not limited to Intraday market risk monitoring framework and FRTB.

Responsibilities and priorities will reflect needs of the organization and will evolve over time, however the following are some of the specific activities expected of this role:

• The candidate will be responsible for Volcker governance controls including:
Ensuring the accuracy and completeness of Desk Mandate documents; Acting as a SME in respect to the Volcker Rule and ensuring compliance with the relevant standards and procedures; Review of newly approved products to ensure they are appropriately scoped.

• Partner with key stakeholders to monitor changes in business activity. Assess any Volcker implications and support the business in ensuring Volcker compliance requirements are met on an ongoing basis. Key subject areas include but are not limited to Trading Desk Mandates and Risk Mitigating Hedging effectiveness monitoring.

• Partner with Technology teams to develop sustainable solutions supporting the Volcker Program including enhanced controls and streamlining/automation initiatives.

• Identify, prioritize and proactively manage dependencies, risks, exceptions and issues.

• Coverage of specific desks leveraging the Risk Mitigating Hedging (RMH) exemption including:
Documentation and analysis of the desks hedging strategies alongside Market Risk Management (MRM); Assessment of the effectiveness of the hedging program utilizing risk reporting tools; Quarterly review and assessment with business Senior Management and MRM.

• Variety of project work including:
Assisting in the response to regulatory examinations and queries from Regulators; Assisting all business lines across Client including Markets and other stakeholders in managing updates to their Volcker hierarchy including desk splits, mergers and closures; Testing and validation of system improvements; Design and implementation of controls; Partnering with audit and independent control teams to ensure compliance to the Volcker Rule.

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Client, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• Knowledge of global markets trading products and services, e.g. Fixed Income, Equity, Currencies & Commodities.

• Understanding of Front Office trading processes and trade lifecycle within a large bank/dealer.

• Knowledge of market risk and/or regulatory rules pertaining to risk is advantageous.

• Experience with regulatory rules and ideally in delivering regulatory initiatives.

• Exposure to analyzing legislative and regulatory texts and associated legal analysis.

• Proficiency in risk management data analysis and tools is a plus.

Skills and Competencies:

Read the full job description and apply online on the recuiter's web-site

Related Job Postings

CDL A Regional Truck Driver 80,000 90,000 Per Year - Home Weekly - 98% No Touch Freight

Daim Logistics

US - NY - NY - Amsterdam
October 14, 2024

DAIM Logistics is Hiring CDL A Regional Truck Drivers! Hiring out of: Saratoga, NY & Albany, NY & Fultonville, NY Work Hard For Us - We Work Hard For You! $80,000 - $90,000 PerYear Up to $0. 68 CPM - More For Doubles Safety Bonus, Performance Bonus, and Extra Pay Minimum of 1 Year Experience...

Find Jobs Hiring Now Near You!

Get Jobilize Job Search Mobile App Now