Job Description
Key ResponsibilitiesRisk Coverage & Oversight
1. Provide day‑to‑day market risk oversight for the Rates trading desks, including repo, Treasuries, swaps, options, exotics, RMBS, and munis.
2. Monitor risk exposures, P&L moves, limit utilization, and key risk metrics (DV01, CS01, gamma, vega, convexity, scenario/VAR).
3. Identify, analyze, and escalate significant market events, model behavior changes, or portfolio shifts.
4. Partner with traders to understand trade structures, risk drivers, and potential tail risks.
Analytics, Reporting & Controls
5. Review and challenge new trades, large risk changes, and complex structures before execution when needed.
6. Maintain and enhance risk frameworks, stress scenarios, sensitivities, and reporting tools.
7. Support daily and monthly risk reporting, commentary, and limit governance processes.
8. Collaborate with quantitative teams to validate models, pricing assumptions, and risk methodologies.
Business Partnership
9. Serve as a key point of contact between Risk Management and the Rates desk.
10. Work closely with trading, technology, quants, finance, and compliance to ensure consistent and accurate risk representation.
11. Provide insight on market themes, volatility shifts, curve moves, and macroeconomic drivers impacting the book.
Governance & Regulatory Support
12. Assist with regulatory inquiries and internal audits related to market risk.
13. Contribute to policies, procedures, limit frameworks, and control enhancements.
14. Participate in scenario design, stress testing, and regulatory reporting initiatives.