Vice President - Market Risk

Natwest Group • Stamford, CT

9d • $147,750 • Hybrid

About The Position

NatWest Markets Securities Inc. (NWMSI) seeks a VP, Market Risk for its Stamford, CT location. Duties: Second line risk oversight of trading and banking positions to prevent risk taking outside of the defined risk appetite, including coverage of Rates, Credit, FX and Treasury positions. Perform analysis on Risk Weighted Assets to ensure market risk capital is correctly reported and managed within the firm’s appetite. Undertake Stress Testing analysis to enhance visibility of tail risks, accomplished through use of risk engine and reporting systems, trade booking systems and stress systems. Communicate risk management and analysis to the business and senior management to ensure risks are transparent for sound decision making. Identify key risks and improve the control framework whilst delivering risk information to relevant stakeholders including breach management. Review trading strategies and inventory. Utilize understanding of quantitative models including the Value-at-Risk model and relevant regulations to analyze , challenge and advise the business on the market risk generated through its operations. In addition to daily risk management, to enhance existing capabilities as regulations change and the shape of the business evolves to enable effective and improved risk management capabilities. This includes the building of automated reporting tools / new stress scenarios / working with other functions to enact changes to keep the business operating within regulatory guidelines.

Requirements

• Must have a Bachelor’s Degree in Business Administration , Finance or a related field and 3 years of experience in the position offered or in a related Market Risk role in the financial services industry.
• Full term of required experience must include: Assessing market risks on a daily basis, analyzing drivers of key risk metrics, including Value-at-Risk; analyzing profit-and-loss ( PnL ) drivers; conducting stress testing of the portfolio, of which a variety of asset classes covered include non-linear interest rate products;
• Identifying key risk positions through understanding of market forces and potential impact of macroeconomic events, including key data releases and geopolitical events, incorporating stress testing analysis to determine PnL impact of such events;
• Ensuring compliance in risk reporting to regulators under PRA capital regime, i.e., through capital calculations and proposed changes to risk metrics that require pre-approval from regulators;
• Performing calculations to determine impact of position changes (new trades, expiring trades, etc.) on capital and to inform limit setting; applying knowledge of funding, liquidity, capital and finance operations as they pertain to the trading desks;
• Utilizing Market Risk metrics and data to inform the processes and analysis of other areas of the bank; covering products including non-linear interest rate products; and Improving efficiencies for the bank with automated tools for analysis built with VBA and Python (including automation of PRA capital calculation tools).

Responsibilities

• Second line risk oversight of trading and banking positions to prevent risk taking outside of the defined risk appetite, including coverage of Rates, Credit, FX and Treasury positions.
• Perform analysis on Risk Weighted Assets to ensure market risk capital is correctly reported and managed within the firm’s appetite.
• Undertake Stress Testing analysis to enhance visibility of tail risks, accomplished through use of risk engine and reporting systems, trade booking systems and stress systems.
• Communicate risk management and analysis to the business and senior management to ensure risks are transparent for sound decision making.
• Identify key risks and improve the control framework whilst delivering risk information to relevant stakeholders including breach management.
• Review trading strategies and inventory.
• Utilize understanding of quantitative models including the Value-at-Risk model and relevant regulations to analyze , challenge and advise the business on the market risk generated through its operations.
• Enhance existing capabilities as regulations change and the shape of the business evolves to enable effective and improved risk management capabilities.
• Build automated reporting tools / new stress scenarios / working with other functions to enact changes to keep the business operating within regulatory guidelines.

What This Job Offers

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