Market Risk Manager

Market Risk Associate Director

• JOB DESCRIPTION:

1. Risk mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes works under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management. collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management
2. Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios;
3. Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances;
4. Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and
5. Maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.
6. Market Risk is responsible for the monitoring of daily margin calculation and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporation and the depository. Responsibilities also include driving new business initiatives, overseeing risk systems design and continuous enhancements, compliance with Risk Management policies and procedures. Responsible for understanding of margining methodologies, keen understanding of equity financial markets and client profiles, and effectively collaborate

RESPONSIBILITIES:

1. Lead a team of equity market risk associates and analysts across global offices.
2. Review, evaluate and sign off on a daily work and other deliverables to ensure quality, accuracy and timeliness of work performed.
3. Proactively identify and evaluate change in member’s market risk exposures, liquidity needs and settlement obligations and provide solutions to mitigate exposures in timely manner.
4. Monitor market conditions and economic trends to anticipate potential risks and their potential impact on members’ margin requirements.
5. Mitigate risk by ensuring adherence of the processes to the policies and procedures, identifying potential model, report errors, and demonstrating strong ethical behavior.
6. Manage issues arising from internal audits, regulatory exams, and risk assessment, collaborate with customers to develop and implement remediation plans.
7. Work on projects and process enhancements to effectively mitigate emerging risk in support of new and existing products.

QUALIFICATIONS:

1. Minimum of 8 years of related experience
2. Bachelor\'s degree preferred or equivalent experience.
3. Deep understanding of equity markets and products that are cleared and settled
4. Champion Inclusion: Embrace individual differences and create an environment of support, belonging and trust. Invite every voice, every day.
5. Communicate Clearly: Listen to understand, ask questions for clarity and deliver messages with purpose. Be intentional to ensure your message is understood.
6. Cultivate Relationships: Show care and compassion for others and authentically build networks across functions. Partner up, down, and across to enable enterprise results.
7. Instill Ownership: Ensure accountability, manage execution, and mitigate risk to deliver results. Be proactive to make a positive impact.
8. Inspire Growth: Develop yourself and others through coaching, feedback and mentorship to meet career goals. Build capabilities of others, strengthen our organization.
9. Propel Change: Think critically, respectfully challenge, and create innovative ways to drive growth. Be bold and challenge to make things better.