CIB Vice President Market Risk
About The Position
The Vice President Market Risk is responsible for risk analysis and independent oversight of market data quality certification used for market risk metrics and reporting. The role covers market data quality, compliance with regulatory and internal-control requirements, and recommendations to improve efficiency, effectiveness, and risk reduction. It requires technical work creating market data time series and historical reconstructions, and reviewing and evaluating market data management used for risk-based processing and reporting to reduce operating losses and protect the organization’s assets, products, and services. The end-of-day certification process takes place daily from 3 to 8 PM. Morning hours are dedicated to market data maintenance and data quality checks. The position also provides quantitative support to participants in the market data development process, contributes to risk identification and remediation, oversees short-term projects, and coordinates risk-system upgrades and testing with support teams and Methodology.
Requirements
- Bachelor's degree or equivalent in Economics, Mathematics, Physics, Engineering, or a related field.
- 9+ years of experience in risk management or controls.
- Experience in valuation of financial products and/or market risk management, including products such as FX, rates, bonds, equities, CDS, convertibles, and fixed-income structured products.
- Experience with market products, obtaining valuation inputs, and market information systems.
- Experience developing analysis tools and prototypes for defined market data feeds, primarily using VBA or Python.
- Knowledge of market data and financial products.
- Strong Excel, Excel VBA, and Python skills.
- Legally authorized to work in the United States on a full-time basis without employer sponsorship to commence employment.
Nice To Haves
- Knowledge of external vendor tools such as Murex and Asset Control.
- Knowledge of Spanish.
- Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Responsibilities
- Perform daily review, maintenance, and certification of market data accuracy.
- Analyze, maintain, and build history for market data proxies used for VAR reporting.
- Review market data and static data configuration across multiple platforms.
- Liaise with multiple teams to implement and resolve market data discrepancies.
- Monitor and manage risk exposure and compliance with company policies.
- Identify, manage, and report on daily market data processes and workflows.
- Provide quantitative support to participants in the market data development process.
- Conduct quantitative analysis, risk identification, and remediation activities.
- Oversee and ensure the development and implementation of short-term projects.
- Organize and implement risk-system upgrades with support teams and Methodology.
- Test systems to improve efficiency in analyzing risk-metric reports.
- Recommend opportunities and proposed resolutions to improve efficiency, effectiveness, and risk reduction for pricing and reporting.
Benefits
- Competitive rewards package; benefits are described as supporting employees, their families, and well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
