What are the responsibilities and job description for the Director of Prime Brokerage Risk position at Atlas Search?
Our client is a global investment bank seeking a NY based Director of Prime Brokerage Risk. Please see further details below.
Job Title:
Director of Prime Brokerage Risk
Job Description:
The Risk team is responsible for end of day and intraday risk management of client portfolios. The Risk team maintains proprietary stress methodologies that govern the margin posted by clients or setting risk limits at overall Beneficiary level. Risk team also runs several risk control processes for timely identification and escalation of client portfolios flagging for specific risks and prepares regular updates for senior management. For centrally cleared products (listed and OTC), the Risk team may also reviews exchange margin methodologies on a regular basis and regularly engages with Exchanges, regulatory bodies and industry associations in advocacy efforts to ensure exchange models are robust. Understanding of Client Money Rules a plus.
Responsibilities:
- Assess, monitor and review portfolio risk; look for changes in strategies/asset mix in client portfolios and assess whether the margining methodology needs to be updated/modified to capture risk and pricing
- Assist in margin for existing/new clients and potential limit setting
- Setting up client due diligence calls, leading calls and summarizing credit and risk issues
- Liaising with legal on contract negotiations
- Automation tools for risk monitoring; analyzing internal and external client performance metrics across various dimensions; manage/execute ad-hoc projects for the desks
- Generate accurate risk summaries at position/client account/regional and global level for risk monitoring
- Analyze major swings in client portfolio and escalate them to management
- Assessment of cost and value of client portfolios and securities
- Back testing client portfolios and platform inventory for stability of internalization
- Scenario analysis to analyze the impact of changes in client portfolios, cost of funding, business mix, interest rates and currency mix
- Build margin/risk and stress test methodologies for Fixed Income and Equity Derivatives portfolios
- Intraday real time monitoring of P&L and risk requirements
- Entity level liquidity ramifications of client portfolios
- Ability to understand of security setup issues
- Monitoring real time news events for possible ramifications on client portfolios
Company Requirements:
10 years of prime brokerage risk experience from a bank or brokerage business
Need to have experience managing risk within a prime brokerage business
Salary : $190,000 - $250,000
