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**Associate - Prime Services Clearing Risk, New York** - Manage market and liquidity risks in global multi-asset portfolios for clients like Market-Makers, Broker-Dealers, and Hedge Funds. - Collaborate cross-functionally to enhance risk management platforms and improve margin methodologies. - Provide margin methodologies explanations to clients and work with exchanges/CCPs to drive product improvements. - Perform risk analysis, validate risk reports, and engage in research tasks for internal leveraging. - Oversee desk analysts and associates, and contribute to training and knowledge transfer. - Must have strong quantitative, analytical, and communication skills, along with experience in listed derivatives and options. - Proficiency in at least one programming language and SQL is beneficial.
- Compensation
- Not specified USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Full Job Description
JOB SUMMARY & RESPONSIBILITIES
Members of the Prime Services Clearing Risk team assess, monitor and manage the market risk of multi-product, multi-asset portfolios in the listed markets on both an intraday and overnight risk basis. Our client base includes the largest Market-Maker, Broker-Dealer and Proprietary Trading firms, alongside institutional Fund Managers, Hedge Funds, and CTAs.
We are staffed globally with offices in New York, Chicago, London, Hong Kong and Bengaluru. The team partners with multiple divisions under the Prime Services umbrella including Sales, Client Service, Credit, Compliance, Legal, Operations and Technology to deliver a best-in-class risk management platform that enables the business to compete and thrive in a sustainable way. The interaction with numerous departments, clients and the diverse projects that ensue allow for a challenging, multi-dimensional and rewarding work environment.
Currently we are seeking an Associate level candidate to join the Clearing Risk team in the New York office. A successful candidate would be expected to:
- Perform risk analysis and deep dives into global multi-asset portfolios to assess market and liquidity risks
- Master risk-based margin methodologies and process
- Master the intraday risk management platform and process
- Work with key stakeholders to enhance existing risk management platforms and margin offering
- Validate and support daily risk management reports and margin calls
- Engage in innovative research tasks for the team and senior management
- Explain margin methodologies and the risk management process on sales calls with prospective and existing clients
- Engage with Exchanges & CCPs and advocate for improvements to margin methodologies and product design
- Work closely and effectively with Technology, Strats, Operations, Credit and Sales teams on implementation and deployment of enhancements to margin methodology, process and policy
- Supervise desk analysts and associates and help with training and knowledge transfer
Required Skills and Qualifications
- Strong communicator with an ability to develop relationships with clients and across the firm
- Strong quantitative and analytical skills. A degree in a quantitative discipline is preferred
- Listed derivatives knowledge required. Experience with options strongly preferred. Previous trading or risk management experience at a Market-Maker/Proprietary trading firm a plus.
- Knowledge of CCPs and their margin methodologies.
- Demonstrated interest and knowledge of markets and ability to assess impact of macro trends and market events on client portfolios.
- Strong writing, presentation and communication skills.
- Ability to handle multiple projects and deliverables concurrently.
- Functional knowledge of at least one programming language and SQL is beneficial.
