Job Description :
MORE ABOUT THIS JOB
RISK
The mission of Risk Division is to effectively identify, monitor, evaluate and manage the firm’s financial and operational risks (including reputational risk) in support of the firm’s strategic plan, and in a manner consistent with the objectives set out in the firm’s Board-approved Risk Appetite Statement. Through comprehensive processes, which include critical analysis, evaluating stress scenarios, dynamically managing risk, and prudently balancing risk and reward, the Risk Division plays a critical 2nd line of defense role.
LIQUIDITY RISK (LR)
Liquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Securities Division, and the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking. Key functions include:
Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement
Regulatory Stress Metrics, Liaison, & Advocacy: Calculation and disclosure of key regulatory stress metrics, guidance and rule interpretation, engagement with global regulators, and policy advocacy
Risk Appetite & Limit Setting: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures
Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management
Active and ongoing engagements with risk taking businesses to understand, monitor, and govern liquidity risk
Direct engagement with the Chief Risk Officer and global regulators regarding material risks, current risk exposures, and limits governance RESPONSIBILITIES AND QUALIFICATIONS
Job Summary & Responsibilities:
MORE ABOUT THIS JOB
RISK
The mission of Risk Division is to effectively identify, monitor, evaluate and manage the firm’s financial and operational risks (including reputational risk) in support of the firm’s strategic plan, and in a manner consistent with the objectives set out in the firm’s Board-approved Risk Appetite Statement. Through comprehensive processes, which include critical analysis, evaluating stress scenarios, dynamically managing risk, and prudently balancing risk and reward, the Risk Division plays a critical 2nd line of defense role.
LIQUIDITY RISK (LR)
Liquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Securities Division, and the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking. Key functions include:
Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement
Regulatory Stress Metrics, Liaison, & Advocacy: Calculation and disclosure of key regulatory stress metrics, guidance and rule interpretation, engagement with global regulators, and policy advocacy
Risk Appetite & Limit Setting: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation
Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures
Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management
Active and ongoing engagements with risk taking businesses to understand, monitor, and govern liquidity risk
Direct engagement with the Chief Risk Officer and global regulators regarding material risks, current risk exposures, and limits governance RESPONSIBILITIES AND QUALIFICATIONS
Job Summary & Responsibilities:
- Monitor risk taking and limit utilization engage in breach remediation, and escalation workflow
- Work with engineering teams to model liquidity risks under various stress scenarios propose, calibrate, and implement appropriate assumptions
- Engage directly with the risk taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge proposals
Skills / Expertise:
- Strong academic background and quantitative skills Technology aptitude and programming skills are a plus
- Interest in financial markets and risk management, motivated by learning and continuous improvement
- Ability to work independently, form own judgment/opinions, provide insights and drive change
- Proactive with strong analytical, interpersonal and communication skills and ability to build relationships remotely
- Ability to interact with and build relationships with people from different departments and levels of seniority
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