Quantitative Market Risk (AD)

HYBRID ROLE, 3 DAY OFFICE IN #JERSEY CITY # Dallas,TX

JOB DESCRIPTION :

• Financial Risk and Governance (FR&Gs) mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes for its members and the markets. In addition, FR&G provides critical governance and quality assurance capabilities for key risk functions that are designed to meet rigorous organizational and regulatory standards. FR&G 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. FR&G collaborates closely with Quantitative Risk Management and the Counter-party Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management at to support an effective second line of defense. FR&Gs prime directive for applicable clearing agencies and joint ventures consists of the following :
• Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios;
• 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;
• Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and
• Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.
• Market Risk for National Securities Clearing Corporation (NSCC) 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 with other teams to identify, analyze, and mitigate potential risks and safeguard financial market in which plays a pivotal role.

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