Vice President - Market Risk
Location: Dallas
The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise-wide stress testing.
Market Risk is a Department within the Risk Division that facilitate effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm's market risks. The group acts as a key stakeholder in ensuring that the firm's business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions. The group also plays a key role in keeping the Board of Directors apprised of the firm's market risk profile. This is achieved by using a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.
KEY RESPONSIBILITIES
- Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1st line risk takers
- Evaluate and challenge risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
- Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures
- Proactive identification of emerging risks (e.g., portfolio concentrations, unhedged risks, illiquidity pockets)
- Risk appetite sizing, limit and threshold setting
- Connect events (e.g., macroeconomic data releases, political elections) to potential vulnerabilities
- Dissemination of information and education of stakeholders through effective and timely communication and collaboration
- Communication with senior management and regulators
- Work collaboratively across functions to deliver on regulatory obligations
QUALIFICATIONS
- 7+ years of experience in market risk or portfolio management in key asset classes such as Private Equity, Private Credit, Commercial Real Estate, Mortgages, or similar role with transferable skills
- Familiarity with Asset Management and Investment Committee activities, highly desirable
- Strong academic record with Bachelor's degree, equivalent or above in Finance, Mathematics or a related quantitative/analytical discipline preferred
- Deep understanding of financial products including their risk/reward tradeoffs
- Understanding of risk management concepts and metrics
- Excel, Bloomberg, Refinitiv Eikon, ability to pick up in-house systems
- Ability to code beneficial
- Proven problem-solving ability and control mindset
- Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
- Desire and ability to collaborate with people from different departments and levels of seniority
- Proficiency in communicating complex information and concepts in layperson terms directly with senior management and other relevant stakeholders (both written and verbal)