securitized products

AVP - Market Risk - Securitized Products

Global Markets CRO Risk Analyst covering the Securitized Products Secondary Trading and Financing businesses.  This role would be part of the team responsible for covering the trading desks (Private Label and Government Guaranteed) and financing businesses (across all SP Asset Classes).  The applicant will need to have a strong quantitative background, strong verbal and written communication skills combined with an understanding of financial markets (particularly in the securitized products space) and risk management fundamentals and derivative pricing concepts including MTM and P&L attribution

Division: 

The Chief Risk Officer (CRO) Division acts as guardian of the bank's risk appetite and provides effective and independent risk oversight: Challenge and proactively engage with the business in shaping its risk profile, strengthening the first Line of Defense (LoD) and aligning its strategy execution with shareholders' and regulatory requirements. Maintain a comprehensive bank-wide risk appetite framework and run well-controlled risk processes ensuring an effective bank-wide second LoD. Position CRO function as competent, reliable and, where appropriate, challenging counterpart vis-à-vis regulatory authorities globally. Provide stakeholders with transparency on all risk-related matters and ensure timely assessment and escalation. Continuously strengthen the risk function by attracting, developing and retaining top talents and foster continuous learning throughout the organization. Drive the continuous enhancement and efficiency improvement of risk-related systems and infrastructure.

The department provides independent risk oversight for Global Markets and Investment Banking Capital Market divisions, the Intermediate Holding Company in the US and its subsidiaries as well as New York, Cayman, Nassau and Toronto Branches. The CRO defines US risk management framework for the CRO Global Markets/Investment Banking and Capital Market (GM/IBCM) and relevant US legal entities in close collaboration with the US CEO and the Legal Entity Board of Directors. The CRO is directly responsible for the oversight of  market, credit, operational, fiduciary and enterprise risk for combined US operations and maintains direct control of the CRO resources required to execute the combined US operations mandate.

Qualifications:

  • Undergraduate or post graduate degree in Finance, Economics, Engineering or other numerate discipline

  • Experience with Value at Risk (VaR) models

  • Experience and knowledge of Securitized Products, such as Private Label and Government Guaranteed products including RMBS, CMBS, CLO and ABS

  • Strong Microsoft Excel.  SQL a plus

  • FRM or CFA certification a plus

  • Self-starter, with ability to work independently, take ownership of tasks, and deliver under tight timelines

  • Strong written and verbal communication skills

  • Ability to discuss and present topics with senior level risk managers

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