Head of Interest Rate Risk

We are currently partnered with a large bank with big plans over the next few years. They are looking to bring on a seasoned leader and expert in the Interest Rate Risk space to help build out and lead the function. The firm has recently made some very strategic key hires across the Risk Management space as they prioritize building a world-class risk management business and framework. In this role, you will be three steps down from the CRO and work closely with major stakeholders across Market Risk, Liquidity Risk, and Financial Risk.

The firm is looking for a dynamic and hands-on leader to lead the second-line oversight of Interest Rate Risk in the Banking Book (IRRBB). This role focuses on both Net Interest Income (NII) and Economic Value of Equity (EVE) frameworks and will work closely with the first line to build out the best in class interest rate risk framework.

Key Responsibilities:

• Provide high-visibility leadership with regular interactions across senior leadership.
• Oversee interest rate products, mortgage portfolios, non-maturity deposits, and Funds Transfer Pricing (FTP).
• Manage behavioral modeling and balance sheet modeling.
• Utilize tools such as QRM, Aladdin, and Polypaths, with proficiency in Excel, SQL, and Python.
• Collaborate closely with senior stakeholders across the Treasury & Risk Departments.
• Provide guidance to quantitative teams and technology partners on high-profile IRR projects.

Qualifications:

• Master's degree in Finance, Economics, Quantitative Finance, or related fields.
• Over 10 years of experience in IRRBB, ALM, or Treasury, ideally with oversight responsibilities.
• 3 years of leadership experience.
• Deep knowledge of NII and EVE frameworks.
• Familiarity with CCAR processes, including regulatory submissions, model challenges, and scenario development.
• Strong technical skills in Excel, SQL, Python, QRM, Aladdin, PolyPaths, Bloomberg, and Murex.
• Excellent communication and leadership skills, with experience engaging senior management and regulators.
  

Desired Skills and Experience

We are currently partnered with a large bank with big plans over the next few years. They are looking to bring on a seasoned leader and expert in the Interest Rate Risk space to help build out and lead the function. The firm has recently made some very strategic key hires across the Risk Management space as they prioritize building a world-class risk management business and framework. In this role, you will be three steps down from the CRO and work closely with major stakeholders across Market Risk, Liquidity Risk, and Financial Risk.

The firm is looking for a dynamic and hands-on leader to lead the second-line oversight of Interest Rate Risk in the Banking Book (IRRBB). This role focuses on both Net Interest Income (NII) and Economic Value of Equity (EVE) frameworks and will work closely with the first line to build out the best in class interest rate risk framework.

Key Responsibilities:

Provide high-visibility leadership with regular interactions across senior leadership.
Oversee interest rate products, mortgage portfolios, non-maturity deposits, and Funds Transfer Pricing (FTP).
Manage behavioral modeling and balance sheet modeling.
Utilize tools such as QRM, Aladdin, and Polypaths, with proficiency in Excel, SQL, and Python.
Collaborate closely with senior stakeholders across the Treasury & Risk Departments.
Provide guidance to quantitative teams and technology partners on high-profile IRR projects.
Qualifications:

Master's degree in Finance, Economics, Quantitative Finance, or related fields.
Over 10 years of experience in IRRBB, ALM, or Treasury, ideally with oversight responsibilities.
3 years of leadership experience.
Deep knowledge of NII and EVE frameworks.
Familiarity with CCAR processes, including regulatory submissions, model challenges, and scenario development.
Strong technical skills in Excel, SQL, Python, QRM, Aladdin, PolyPaths, Bloomberg, and Murex.