An Industry-leading Bulge Bracket Bank is hiring a VP-level Market Risk Manager to sit close to the markets and cover the firm's Agency RMBS desk, rolling directly up to the Head of the Group. This is a new function that is looking to expand upon their lean team and bring on a talented Vice President who will also assist in improving upon the market risk frameworks for securitized products.
This candidate will not only be responsible for setting limits that are in line with the firm's risk appetite, but also monitoring all risk positions as it relates to the trades across the Agency RMBS desk. Additionally, this candidate will be helping to review and discuss these risk positions with senior management and the traders, all the while helping to design and improve the market risk frameworks and risk analysis across the bank.
The firm is ideally looking for candidates with at least 5+ years of experience in market risk management covering agency RMBS products or rates / credit, experience working with risk metrics on a daily basis, and someone who understands code. Daily interaction with the business is a large focus of this role, so excellent communication skills are required.
Responsibilities:
- Market risk oversight of the Agency RMBS desk
- Designing and improving the market risk framework
- Setting risk limits and monitoring the risk profile to ensure alignment with the firm's risk appetite
- Working with the business on all risk positions and key risk issues
Qualifications:
- 5+ years of experience in market risk management covering agency RMBS products, rates, or credit
- Solid understanding of TBAs, Specified Pools and Agency RMBS CMOs
- Experience working with risk metrics on a daily basis
- Understanding of code
- Excellent communication and soft skills