What are the responsibilities and job description for the Market Risk Manager position at Underground Administration?
Salary: $140,000-180,000 Bonus
The Financial Risk and Governance (FR&G) team is responsible for identifying, measuring,
monitoring, and controlling market, liquidity, and stress testing risks related to clearing and
settlement processes. FR&G ensures adherence to rigorous organizational and regulatory
standards, working closely with Quantitative Risk Management and Counterparty Credit Risk
teams to maintain a comprehensive financial risk management framework.
As part of the Fixed Income Clearing Corporation (FICC), the Market Risk Manager will
oversee daily margin calculations, manage market and liquidity risk exposures, lead risk system
enhancements, and ensure compliance with risk policies. This role requires expertise in
margining methodologies, financial markets, and client risk profiles, with a strong focus on
identifying, analyzing, and mitigating risks.
Responsibilities:
● Lead a team of market risk associates and analysts across global offices.
● Review, evaluate, and approve daily risk assessments to ensure accuracy and
compliance.
● Monitor market conditions and economic trends to anticipate potential risks.
● Assess members' market risk exposures, liquidity needs, and settlement obligations,
providing mitigation strategies.
● Ensure adherence to policies and procedures while identifying potential model or
reporting errors.
● Manage internal audits, regulatory exams, and risk assessments, collaborating on
remediation plans.
● Drive process enhancements and support new and existing products to mitigate
emerging risks.
● Foster a culture of transparency, accountability, and continuous improvement.
● Bachelor’s degree preferred or equivalent experience.
● Minimum of 8 years of related experience.
● Strong understanding of financial markets, clearing, and settlement processes.
● Proven leadership in risk management, compliance, and strategic decision-making.
● Ability to drive change, provide constructive feedback, and mentor teams effectively.
Salary : $140,000 - $180,000
