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Manager Risk Oversight
Ref No.: 18-19175
Location: New York, New York
Manager Risk Oversight
New York, NY
Full Time/Perm

  • Ensure the Market Risk objective of "No Surprises” is met. The potential for losses to occur should be made transparent and raised to senior Market Risk and business executives.
  • Establish relationships with the LOB traders and managers, advise and enlighten their understanding of material market and credit risks, assist them from time to time in making market risk decisions in their respective portfolios by addressing ad-hoc risk queries.
  • Monitor market environment, report on the impact of market events on current market risk positions to the Director, Risk Oversight and ensure risk factors and risk measurement methodologies are updated in response to changes in market dynamics.
  • Communicate technical, analytical, and conceptual information regarding market measurement/methodology to traders and management on a daily and weekly basis.
  • Recommend appropriate risk limits and ensure processes are in place to monitor against limits. Review that the line of business activities fall within pre-established boundaries and exceptions or concerns are escalated for management review.
  • Provide analysis and recommendations to address elevated exposures. Develop, publish, issue, update and file maintenance of Trading Authority letters.
  • Identify gaps, weaknesses or opportunities for improvement in the Corporate Policy and Standards supporting market risk-related activities and to address these through recommendations to the MD Risk Oversight.
  • Work with line of business managers to approve or recommend one-off transactions, or full implementation of new trading products.
  • Work with the internal auditors as a key contact within Market Risk and the business audits.
  • In concert with Market Risk Infrastructure, day to day direction is provided to VPC and Risk Reporting group as part of team operational focus within the Market Risk.
Reporting to the Director, Risk Oversight, the Manager is accountable for providing a clear detailed and independent analysis of key market exposures. The role requires a close working relationship between members of the Risk Reporting group, Valuation Product Control group and Risk Models groups to ensure complete and accurate quantification/reporting of all market and traded credit risk exposures. Strong understanding of the Oil & Gas markets and leading edge market risk practices is a must.
  • Excellent understanding of Oil and Gas markets
  • Demonstrable knowledge of option "greeks” and topics concerning derivatives pricing
  • Advanced knowledge of EXCEL, MS Access, PowerPoint, MS Word, computer programming.
  • Intermediate to advanced knowledge of statistics.
  • 2-4 years of experience within a market risk group or similar control function within Capital Markets
  • Ability to deal with conflict resolution
  • Advanced analytical and proven problem solving skills
  • Strong interpersonal and communication skills
  • Able to work independently and within a team environment