Senior Market Risk Specialist

• Support the daily activities of the counterparty exposure monitoring program
• Ensure there are effective processes and rigor with respect to daily, monthly, and quarterly exposure variances and exception validations
• Perform and review daily exposure variance for identification of main drivers and communication of impacts
• Review monthly exposure variance by various dimensions and present the overview of key drivers of exposure variances
• Review data, risk reporting, and commentary for accuracy, clarity, and completeness
• Learn the control processes and monitor key metrics and trends, with emphasis on escalation of issues or concerns for counterparty risk
• Maintain updated control framework and documentation per enterprise requirements
• Review and test impacts for all metrics on new products, PFE model and process changes
• Prepare daily and/or trigger-based market updates on counterparty risk portfolio
• Provide on-demand analysis based on market driven events and ad-hoc scenarios
• Work closely with risk managers, data teams, technology, and reporting teams to analyze, review, measure, test, and challenge results
• Understand the variables and market factors that impact the firm’s counterparty risk
• Understand relevant business, regulatory and risk requirements pertaining to ECRM as well as maintain an awareness of current regulatory trends and resulting impacts
• Contribute to firm-wide initiatives and regulatory requirements
• Respond to ad-hoc requests for risk analysis and/or presentations from senior managers, regulators, auditors, and other stakeholders

4+ years of experience in one or a combination of the following: trading, desk analyst, Capital Markets, market risk, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• Advanced degree in quantitative field, FRM, or other risk management designation
• Strong understanding of counterparty risk (including but not limited to the concept and calculation of CCR risk metrics), OTC derivatives, and SFT products
• Intellectual curiosity with proven ability to learn quickly through others as well as to conduct independent research and analysis
• Ability to identify and drive initiatives independently, collaborate across teams, solution with a sense of urgency, and execute with high quality
• Strong problem solving and analytical skills required to identify root causes, define patterns and collaborate with stakeholders
• Advanced Microsoft Excel skills, including pivot tables, graphs, and formulas
• Advanced SQL skills – experience with writing new SQL queries as well as understanding and editing existing SQL queries
• Experience with large data sets and use of data analysis to identify trends
• Excellent verbal, written and interpersonal communication skills
• Ability to articulate and document complex concepts in a clear, concise manner
• Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment