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Manager, Market Risk Oversight
Ref No.: 18-19326
Location: Chicago, Illinois
Manager, Market Risk Oversight
Chicago, IL
Permanent Position

Job Description:
· Highly visible opportunity to grow in a global risk organization, focused on intellectual challenges around interest rate risks in current rising rate environment. Reporting to the Director of Structural Market Risk in the US, this role is responsible for providing oversight of structural market risks across the US geography. This individual will develop a comprehensive understanding of the balance sheet and the embedded structural market risks, and provide thought leadership in challenging current practices as pertains to regulatory expectations and industry leading practices.



This role offers opportunities to collaborate and develop relationships with Corporate Treasury, the Business Lines and other groups in the Market Risk Department.

Key Accountabilities:
  1. Develop understanding of US Balance sheet and its inherent market risks and perform the 2nd line of defence capabilities in this space.
  2. Assess the appropriateness and suitability of the risk limits and monitoring framework for structural market risks.
  3. Highlight key risks and provided informed challenge in all relevant forums including US ALCO.
  4. Ensure the "no surprises” objective is met by fully identifying all aspects of the structural market risk profile.
  5. Assess appropriateness of the modelling assumptions used to model structural market risk (e.g. deposit lives, behavioural assumptions, valuation, etc.)
  6. Design meaningful stress scenarios for key assumptions and help institutionalize the use of stress testing results
  7. Stay current with relevant regulatory requirements (e.g. interest rate risk in the banking book) and help ensure the risk management program is meeting regulatory expectations.
  8. Develop understanding of data flows and systems used to calculate structural market risk and provide challenge as appropriate.

Cross-Functional Relationships:
· Critical cross functional relationships needed across Lines of Business, Corporate Treasury and Enterprise Market Risk.

Qualifications:
Knowledge:
·
Extensive knowledge and experience with Market Risk management and governance in US banks
· Familiarity with Structural Market Risk issues and methodologies
· Knowledge of balance sheet risk management systems (QRM preferred)
· Knowledge of applicable regulations
· 3+ years' experience in Market Risk management
· Well-developed understanding of the banking industry, bank balance sheets and income statement dynamics

Skills:
· Exceptional oral and written communication skills.
· Ability to work accurately in a very time sensitive environment.
· Ability to prioritize and organize multiple tasks and deadlines.
· Strong ability to address and resolve complex or abstract problems.
· Ability to work independently and within a team environment.
· Strong relationship management skills, including conflict resolution.
· Advanced analytical and problem solving skills including the ability to distil key issues from extensive information.