Business Risk Specialist
New York, New York
Hybrid
Contract
$58/hr - $80/hr
Grow your career as a Business Risk Specialist with an innovative global bank in New York, NY. Contract role with strong possibility of extension. Will require working a hybrid schedule 3 days onsite per week.
Join one of the world's most renowned global banks and trusted brand with over 200 years of continuously evolving financial services worldwide. You will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.
Contract Duration: 12+ Months
Required Skills & Experience
Join one of the world's most renowned global banks and trusted brand with over 200 years of continuously evolving financial services worldwide. You will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.
Contract Duration: 12+ Months
Required Skills & Experience
- Bachelor’s/University degree.
- Business risk experience.
- Senior Role: 8 to 12 years of business risk experience.
- Junior Role: 5 to 8 years of business risk experience.
- Knowledge of global markets trading products and services, e.g. Fixed Income, Equity, Currencies & Commodities.
- Understanding of Front Office trading processes and trade lifecycle within a large bank/dealer.
- Experience with regulatory rules and ideally in delivering regulatory initiatives.
- Exposure to analyzing legislative and regulatory texts and associated legal analysis.
- Strong analytical and problem-solving skills, with high attention to detail.
- Fluency in MS Office suite.
- Master’s degree.
- Knowledge of market risk and/or regulatory rules pertaining to risk.
- Proficiency in risk management data analysis and tools.
- Knowledge of internal company systems.
- Responsible for Volcker governance controls including:
- Ensure the accuracy and completeness of Desk Mandate documents.
- Act as a SME in respect to the Volcker Rule and ensuring compliance with the relevant standards and procedures.
- Review of newly approved products to ensure they are appropriately scoped.
- Partner with key stakeholders to monitor changes in business activity. Assess any Volcker implications and support the business in ensuring Volcker compliance requirements are met on an ongoing basis. Key subject areas include but are not limited to Trading Desk Mandates and Risk Mitigating Hedging effectiveness monitoring.
- Partner with Technology teams to develop sustainable solutions supporting the Volcker Program including enhanced controls and streamlining/automation initiatives.
- Identify, prioritize and proactively manage dependencies, risks, exceptions and issues.
- Coverage of specific desks leveraging the Risk Mitigating Hedging (RMH) exemption including:
- Documentation and analysis of the desks hedging strategies alongside Market Risk Management (MRM).
- Assessment of the effectiveness of the hedging program utilizing risk reporting tools.
- Quarterly review and assessment with business Senior Management and MRM.
- Variety of project work including:
- Assist in the response to regulatory examinations and queries from Regulators.
- Assist all business lines across the company including Markets and other stakeholders in managing updates to their Volcker hierarchy including desk splits, mergers and closures.
- Test and validation of system improvements.
- Design and implementation of controls.
- Partner with audit and independent control teams to ensure compliance to the Volcker Rule.
You will receive the following benefits:
- Medical Insurance - Four medical plans to choose from for you and your family
- Dental & Orthodontia Benefits
- Vision Benefits
- Health Savings Account (HSA)
- Health and Dependent Care Flexible Spending Accounts
- Voluntary Life Insurance, Long-Term & Short-Term Disability Insurance
- Hospital Indemnity Insurance
- 401(k) including match with pre and post-tax options
- Paid Sick Time Leave
- Legal and Identity Protection Plans
- Pre-tax Commuter Benefit
- 529 College Saver Plan
Motion Recruitment Partners (MRP) is an Equal Opportunity Employer, including Veterans/Disability/Women. All applicants must be currently authorized to work on a full-time basis in the country for which they are applying, and no sponsorship is currently available. Accommodation will be provided in all parts of the hiring process as required under MRP’s Employment Accommodation policy. Applicants need to make their needs known in advance.