PRODUCT RISK MANAGER
Location: Irving, Texas
Description: The Judge Group is hiring PRODUCT RISK MANAGER right now, this job will be presented in Texas. For complete informations about this job opportunity please read the description below. Description:Department Function:
One of the main functions of the department is to protect the safety and soundness of the markets in the areas of clearance and settlement. This function is accomplished ! by the roles of the various areas in the department, Credit & Product Risk, Quantitative Analysis and Operational Risk Management.
Position Summary:
Under direction, manages moderately complex product management projects and reviews market exposures for multiple portfolios of member firms. Also, coordinates and supervises daily activities of the senior analysts and analysts.
Principal Responsibilities:
- Provides guidance on the performance of research to support margining methodologies
- Identifies and implements new margining methodologies and enhancements of existing methodologies
- Develops plan for the management of the moderately complex project deliverables including coordinating efforts of a variety of functional areas to ensure projects are completed on time and within budget.
- Performs development initiatives for the moderately complex projects in a manner consistent with processes and procedures!
- Responsible for the resolution of issues relating to! the daily calculation and monitoring of market risk exposure in the various clearing corporations and the depository
- Provides input to the reviews and approval of all business plans submitted by a specific Product Group.
- Prepares written responses to audit and regulatory reports, establishes procedures to comply with audit, legal and regulatory requirements
- Interacts with auditors and regulators during examinations
- Identifies specific training needs and provides coaching
- Assist in the development of unit goals
- Develop and implement new, and enhance existing, policies, procedures and practices
- Contributes to supporting the department in adherence to AML/BSA policies and procedures as set-forth by various regulatory bodies
Significant and proven experience, including strong managerial experience; exposure to various trading products, experience in market risk and product manageme! nt.
Required Knowledge/Skills:
- Excellent knowledge related to the clearance and settlement of equities, corporate and muni bonds as well as Unit Investment Trusts (UTIs)
- Excellent knowledge of Value at Risk (VaR), Back and Stress tests
- Excellent knowledge of member base
- Excellent managerial skills
- Excellent analytical, problem-solving and decision-making skills
- Excellent written and oral communication skills
- Team player with the ability to take initiative
- Ability to work well under pressure
Degree in Accounting, Finance, Business or Economics. MBA Preferred
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If you were eligible to this job, please email us your resume, with salary requirements and a resume to The Judge Group.
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This job starts available on: Tue, 19 Mar 2013 01:14:56 GMT
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