Risk, Market Risk (Equity Derivatives), Vice President, New York
goldman sachsNew York, NY
Risk, Market Risk (Equity Derivatives), Vice President, New York
goldman sachsNew York, NYManager L7
Investment Banking and Securities IntermediationPortfolio Management and Investment AdviceMiscellaneous Financial Investment Activities
APPLY NOW (opens in a new tab)Title: Americas Equity Market Risk (Lead)
Tenure: 7y+ (ideally 7-15y)
We are looking for a professional to lead Americas Equities Market Risk in New York, joining the second line of defense Market Risk Specialists group. The lead will have oversight of US Equities franchise covering Options, Exotics, Convertibles, and One Delta.
DIVISION AND DEPARTMENT OVERVIEW
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing.
Market Risk Specialists is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. The group acts as a key stakeholder in ensuring that the firm’s business plans are within its market risk appetite, and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm’s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
KEY RESPONSIBILITIES:
Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
Regular interaction with and challenge of senior Equities traders across a range of equity strategies and risk types, with particular focus on Equity Derivatives
Establishing Limit setting and risk tolerance
Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
Proactive identification of emerging risks (e.g. basis risks, crowded trades)
Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
Dissemination of information and education of stakeholders through effective and timely communication and collaboration
Communication with senior management and regulators
Supervision of direct reports
QUALIFICATIONS:
Approximately ten years’ experience in market risk management or similar role with transferable skills, with at least four years covering Equities
Deep experience in risk managing non-linear/derivatives products
Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
Deep understanding of financial products including their risk/reward tradeoffs with a focus on Equities
Deep understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks, Volcker rule, CCAR
Excel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systems
Ability to code or supervise those who code a plus
Proven problem solving ability and control mindset
Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
Desire and ability to collaborate with people from different departments and levels of seniority
Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
Control mindset
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Level
Manager L7
Location
New York, NY
Occupation
Financial Risk Specialists
Industry
Investment Banking and Securities Intermediation
Posted
16 days ago