Requisition ID: 247804
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Manage risk for the European PS and repo platform. This role is within the business, which has experienced rapid growth recently. This role will support the continuing expansion of the business. The primary focus will be on PS with additional support for the repo business.
Accountabilities
1. Analysis of counterparty risk across a variety of client types, with a focus on hedge funds
2. Sales support: assist the sales force by discussing margin and risk appetite with clients; analyze prospective client portfolios and provide margin analyses; work with internal groups to get credit approval
3. Negotiate risk- and margin-related legal terms with clients; work with internal and external counsel on margin lockup agreements
4. Coverage: day-to-day coverage of the margin process for clients on the European PS platform; answer client inquiries about margin
5. Work with the firm’s independent risk management function to manage market, credit, liquidity, and operational risk
6. Design and improve risk, margin, and control reports for clients and management; write business requirement documents and create report prototypes for IT; work with IT on implementation and validation; work with the product development team to manage and prioritize tasks
7. Monitor client and business line credit limits and utilization- work with internal groups to manage limit breaches
8. Develop and refine procedures
9. Support senior management with ad hoc queries and audits
10. Address questions coming from local regulators
Experience/Education
11. Background in prime brokerage risk
12. Experience with total return swaps
13. Understanding of equity markets
14. Comfort with quantitative concepts
15. Excellent communication skills, both written and oral
16. Proficiency with Microsoft Excel
17. Proficiency with Bloomberg, including Excel API
Desired Skills/Experience
18. Proficiency with VBA and/or Python
19. Proficiency with Microsoft Access and/or SQL
20. Familiarity with security pricing models (options, converts, bonds) and/or risk modeling (VaR, stress-testing)
21. Knowledge of relevant securities law and margin concepts (such as SIMM)
22. Experience with repo financing