MD, Sr Market Risk Officer

TIAA•Minneapolis, MN

1d•Onsite

About The Position

The Senior Market Risk Officer manages Nuveen's Global Equity and Multi Asset class investment risk team. Recognized as a subject matter expert in global equity and multi asset investment and market risks. This role monitors and analyzes investment and market risk, develops and implements risk management systems, risk models, and processes, and consults/advises with business unit leadership to ensure proper risk tolerance limitations are established and upheld within the organization. Leading a small "2nd line of Defense" team of Investment Risk Managers, the candidate will primarily be responsible for independent investment risk oversight, reporting, risk governance and leadership in Global Equity and Multi Asset Class investments.

Requirements

8+ Years Required; 10+ Years Preferred
10+ years’ Equity markets experience in at least one of these areas: Investment Risk Management, Research, Trading, Portfolio Management, Underwriting or Surveillance
Strong portfolio construction, risk decomposition, and performance attribution skills to determine risk/performance drivers in markets and portfolios
Deep investment product knowledge: Global equity, Options, derivatives, multi asset portfolios
Strong analytical skills.
Experience in credit and/or equity risk underwriting, surveillance, and reporting
Experience with risk models - MSCI Barra, FactSet MAC, Bloomberg PORT
Experience in managing and inspiring a team.
Bachelor Degree in Accounting, Finance, or related fields.
Excellent interpersonal, written and presentation skills.
Strong ability to persuade and influence.
Analytical Skills, Collaboration, Communication, Critical Thinking, Executive Presence, Financial Acumen, Financial Analysis, Financial Risk Management, Relationship Management, Risk Analysis/Analytics, Risk Mitigation, Strategic Thinking, TIAA Products/Services Acumen

Nice To Haves

12+ years’ Equity market experience in at least one of these areas: Investment Risk Management, Research, Trading, Portfolio Management, Underwriting and/or Surveillance
Master’s degree or other applicable post-graduate qualification (e.g. CPA, CFA)

Responsibilities

Responsible for leading the Investment Risk Team in the development, implementation, and governance over: $645 billion Global Equity, Multi Asset Class, Real Assets. Products: Open-end funds, Closed-end funds, ETF’s, CIT's, UCITS, sub-advised, institutional, and retail SMA portfolios.
Develops strategies and business objectives for risk management to ensure proper market risk tolerance limitations are established and upheld within the organization.
Strong risk decomposition and performance attribution skills to determine risk/performance drivers in markets and portfolios that lead to tolerance exceptions.
Provide customize risk reporting and lead risk discussions with investment teams in all covered asset class.
Escalate limit breaches, as needed.
Leads in the development of complex market quantitative analysis, derivatives risk metrics and tools to manage, measure, and monitor market risk exposures.
Supports ERM Model Risk Management activities, including working with multi-factor equity risk models, (including MSCI Barra and FactSet), ex-ante tracking error, value-at-risk, stress testing, predicted beta and scenarios analysis.
Establishes market and derivatives risk tolerance limits in consultation with client expectations, market best practices, and business unit leadership.
Supports the business in fulfilling regulatory requirements and delivering regulatory reporting and consults with business unit leadership to monitor the establishment of risk tolerance limits.
Provides practical recommendations to ensure market and derivatives risks are appropriately managed, measured, and monitored in support of SEC Rule 18f-4 regulatory requirements.
Monitors investment portfolios ensuring investment positions and risks taken are consistent with client's expectations and risk tolerance by challenging portfolio managers on portfolio constructions and highlighting issues, including market risks, exposure concentrations, and liquidity concerns.
Champions solutions, improvements, and industry best practices to increase operational efficiency and effectiveness.
Advises and signs-off on new product development from an investment and market risk perspective.
Provides written and verbal risk and performance reporting to Portfolio Managers, senior management, and Boards.
Leads independent risk meetings with investment team, staying up to date on market knowledge, emerging risks, and the organization's portfolios.
Advises business unit partners on market and derivatives and other risk related issues.