Description
Huxley Associates is currently working on a requisition for a Market Risk Analyst.Job Description
Analyst within the New York P&M IRFX team, the main focus will be on the flow Rates (USD Swaps, treasuries, Agency and STIR desk) but a contribution is also expected on Interest Options and Exotics and on the US Mortgages. The main responsibilities are:
A) Risk Analysis:
- Identify, analyze and monitor market, counterparty and operational risks on interest rate instruments and their hedges, products covered include among others: Sovereign bonds, Agencies, Repos, Swaps, Futures, Vanilla options.
- Measure and Monitor these risks, including development of monitoring tools, and reporting to the Business and Senior Management.
- Be pro-active in day-to-day assessment of positions, analyze large P/L events and identify and quantify new risks
B) Risk Limits:
- Participate in developing tools for the Limits framework and their monitoring. Assist in the definition, review and Implementation of business Limits and ensure they are well monitored and reported in the bank systems.
- Build a solid understanding of main business risks. Set tools to help develop intuition for what main risk the drivers are and how to address.
C) New Risks:
- Participate in the definition and assessment of the risk management framework for new trades/products/activities through contribution and/or attendance to decision making process, in particular TACs, NACs, such responsibility may require interaction with other teams within and outside Risk-IM.
D) Review the impact of new models on the book and analyze the results. This requires:
- An understanding of the model assumption and their economical purpose.
- Test the impact on the valuation of the books and their Risks.
- Such changes coincide in general with system release requiring discussion FIRST Quant Team, Trading and IT.
E) Stress Testing:
- Develop and compute Stress-test scenarios and analyze the results.
- Contribute to the improvement of stress testing within global interest rates perimeter.
F) Market and Parameter Monthly Review (MAP) and Reserves:
- Ensure the MAP Review (market parameters plus reserves) remains exhaustive, robust, and well documented.
G) Risk-IM Analyst Development:
- Continue to develop the skill-set of a success Risk-IM risk analyst, in particular.
- Be precise and exhaustive in daily work, and constantly thrive to improve processes.
- Acquire credibility with the team and the business and be able to accept challenge and face them.
- Continually improve technical, and product knowledge.
Qualifications:
- Education:
- Master Degree/Engineering School in Science/Economy/Finance.
- Experience:2 - 5 years of experience preferably in the Capital Markets area.
- Strong knowledge of capital market instruments.
- Experience with credit and market risk models for capital markets products.
- Ability to understand, identify, and communicate key risks associated with a variety of transaction structures and products.
- Excellent verbal and written communication skills.
- Experience working with a variety of business areas and functions, including Fixed Income, Equity Derivatives, Legal, and Compliance.
- Ability to work effectively in a team environment.
- Languages: English mandatory.
- Skills: Excel/VBA.
Please send your updated resumer to Ciara O'Kane at Huxley.
To find out more about Huxley Associates please visit www.huxley.com