NatWest Markets Plc · 3 weeks ago
Vice President - Market Risk
Stamford, CT
Full-time
Hybrid
Mid Level
$148K/yr - $148K/yr
3+ years expNatWest Markets Plc is seeking a Vice President for Market Risk based in Stamford, CT. The role involves overseeing trading and banking positions, performing risk analysis, and enhancing risk management capabilities while ensuring compliance with regulatory guidelines.
Banking
Responsibilities
Second line risk oversight of trading and banking positions to prevent risk taking outside of the defined risk appetite, including coverage of Rates, Credit, FX and Treasury positions
Perform analysis on Risk Weighted Assets to ensure market risk capital is correctly reported and managed within the firm’s appetite
Undertake Stress Testing analysis to enhance visibility of tail risks, accomplished through use of risk engine and reporting systems, trade booking systems and stress systems
Communicate risk management and analysis to the business and senior management to ensure risks are transparent for sound decision making
Identify key risks and improve the control framework whilst delivering risk information to relevant stakeholders including breach management
Review trading strategies and inventory
Utilize understanding of quantitative models including the Value-at-Risk model and relevant regulations to analyze, challenge and advise the business on the market risk generated through its operations
In addition to daily risk management, required to enhance existing capabilities as regulations change and the shape of the business evolves to enable effective and improved risk management capabilities
This includes the building of automated reporting tools / new stress scenarios / working with other functions to enact changes to keep the business operating within regulatory guidelines
Qualification
Required
Must have a Bachelor's Degree in Business Administration, Finance or a related field
3 years of experience in the position offered or in a related Market Risk role in the financial services industry
Assessing market risks on a daily basis
Analyzing drivers of key risk metrics, including Value-at-Risk
Analyzing profit-and-loss (PnL) drivers
Conducting stress testing of the portfolio, of which a variety of asset classes covered include non-linear interest rate products
Identifying key risk positions through understanding of market forces and potential impact of macroeconomic events, including key data releases and geopolitical events
Incorporating stress testing analysis to determine PnL impact of such events
Ensuring compliance in risk reporting to regulators under PRA capital regime, i.e., through capital calculations and proposed changes to risk metrics that require pre-approval from regulators
Performing calculations to determine impact of position changes (new trades, expiring trades, etc.) on capital and to inform limit setting
Applying knowledge of funding, liquidity, capital and finance operations as they pertain to the trading desks
Utilizing Market Risk metrics and data to inform the processes and analysis of other areas of the bank
Covering products including non-linear interest rate products
Improving efficiencies for the bank with automated tools for analysis built with VBA and Python (including automation of PRA capital calculation tools)
Company
NatWest Markets Plc
We measure our success by the results we deliver for our clients. Staying close to them, even when conditions get tough.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Michelle Girard
Head of US, NatWest Markets & CEO of NatWest Markets Securities Inc.
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