Head of Market Risk (1979)

Aramco Americas Company • Houston, TX

7d

About The Position

Lead the strategic direction and execution of risk management activities, ensuring alignment with organizational objectives and regulatory requirements. Direct the development and implementation of risk management frameworks, oversee the monitoring of risk exposures, and provide expert guidance on risk mitigation strategies. Collaborate with internal stakeholders to drive a culture of risk awareness and continuous improvement, fostering effective risk management practices across the organization.

Requirements

• Bachelor's degree in finance, economics, mathematics, or a related field.
• Proficiency in risk management software and tools.
• Strong analytical skills with the ability to interpret complex financial data.
• Excellent communication and presentation skills.
• Strong leadership skills with the ability to motivate and mentor team members.
• Excellent problem-solving abilities and decision-making skills.
• Capacity to work under pressure and meet tight deadlines in a fast-paced trading environment.
• Sound judgment and risk awareness to make informed decisions.

Nice To Haves

• Professional certification such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager).
• Advanced proficiency in statistical analysis software (e.g., R, Python).
• Experience with derivative pricing models and valuation methodologies.
• Strategic thinking and ability to anticipate market trends and risks.
• Effective stakeholder management skills with the ability to build relationships across the organization.
• Adaptability and willingness to embrace change in response to evolving market conditions.

Responsibilities

• Lead the development and execution of the risk management strategy for ATC, ensuring alignment with organizational objectives and regulatory requirements.
• Oversee the design and implementation of risk management frameworks, policies, and procedures tailored to the unique needs of trading floors.
• Monitor and analyze market and credit risks, including stress testing, exposure limits, and value at risk (VaR).
• Provide timely insights and recommendations to senior management based on the analysis of market and credit risks.
• Conduct comprehensive risk assessments to evaluate potential impacts on financial performance.
• Perform scenario analyses to assess the potential effects of various risk scenarios on strategic initiatives.
• Provide leadership and direction to the risk management team, fostering a collaborative and high-performing culture.
• Promote professional development and continuous learning opportunities for team members, including Associate Risk Analysts, Risk Analysts, and Senior Risk Analysts.
• Act as the primary liaison for risk management matters, collaborating with internal stakeholders such as executive management and trading desks.
• Communicate risk management strategies and findings effectively to senior management and external stakeholders as necessary.
• Develop and implement risk mitigation strategies and controls to address identified risks, ensuring compliance with risk limits and regulatory requirements.
• Proactively identify emerging risks and recommend appropriate measures to safeguard the company's assets and reputation.
• Develop and enhance risk management frameworks, methodologies, and tools specific to market and credit risks.
• Design stress testing scenarios and methodologies tailored to trading floor operations, ensuring comprehensive coverage of potential risk scenarios.
• Utilize sophisticated quantitative techniques to model market and credit risk exposures, including advanced stress testing models and value at risk (VaR) calculations.
• Evaluate exposure limits and develop risk metrics customized for trading floor activities, incorporating factors such as volatility, correlation, and liquidity constraints.
• Lead collaboration with trading desks and risk management teams to discuss risk assessment findings and mitigation strategies.
• Collaborate with senior management and department heads to align market risk management strategies with overall business objectives.
• Provide regular updates and reports to senior management regarding market risk exposures and mitigation measures.
• Engage in cross-functional meetings with finance, compliance, and operations teams to align risk management strategies with organizational goals.
• Liaise with regulatory authorities to ensure compliance with market risk regulations and reporting requirements.
• Communicate with external auditors and consultants to provide information and insights on market risk management practices.
• Collaborate with industry peers and participate in market forums to stay informed about emerging trends and best practices in market risk management.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior