Market Risk Coverage Job Description

Market Risk Coverage Job Description

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Market risk coverage provides oversight and review of 10Q VaR and regulatory Market Risk capital: including VaR, Stress VaR, Specific Risk components, as well as legal entity specific standardized capital measures.

Market Risk Coverage Duties & Responsibilities

To write an effective market risk coverage job description, begin by listing detailed duties, responsibilities and expectations. We have included market risk coverage job description templates that you can modify and use.

Sample responsibilities for this position include:

Core Market Risk coverage of Business making markets in structured Interest Rates, FX and Credit products for Asia Emerging Markets currencies
Core Market Risk coverage of Business making markets in structured Interest Rates, FX and Credit products for Emerging Markets currencies
Ownership of risk data – interact with several areas to improve risk reporting and infrastructure
Acting as a key point person for the analysis and integrity of the risk sensitivities that measure the risks being taken by the trading desks, liaising with the groups that produce the sensitivities including Risk Reporting, Product Control, and Operations, as necessary
Participate in the assessment and control of market risk across the portfolio have the ability to challenge market positions and views and help assess the best allocation of risk and capital to various positions and businesses
Review business unit, legal entity, regional and corporate VAR, Stress P/L exposure for reasonableness as defined by MRM
Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, forward default risks
Scenario analysis and stress testing
Lead the market risk coverage team in London for the Commodities Non-Energy business
Act as the lead person for the analysis and integrity of the risk sensitivities that measure the risks being taken by the trading desks in EMEA under the Commodities – Non-Energy business, liaising with the groups that produce the sensitivities including Risk Reporting, Product Control, and Operations, as necessary

Market Risk Coverage Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Market Risk Coverage

Typically a job would require a certain level of education.

Employers hiring for the market risk coverage job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in MBA, Finance, Economics, Engineering, Education, Mathematics, Management, Math, Business, Sciences

Skills for Market Risk Coverage

Desired skills for market risk coverage include:

VBA and Access
Keen interest in financial markets and derivative products
Cross asset trading desk metrics
VaR and Stress concepts is strongly encouraged
JPM Market Risk systems
Primarily MARRS
VBA
VBA will be useful
Credit
Financial markets

Desired experience for market risk coverage includes:

Work with the VaR methodology team on changes (for instance, new calculators), analysis, investigation, documentation
Knowledge of Equities Markets and product knowledge is preferred
2+ years experience in risk management and/or trading, preferably with a wide range of experience with quantitative, financial and risk management techniques and systems preferred
Very proficient and experienced in Microsoft Excel, using advanced formulas, vlookup
Daily reporting and monitoring of market risk positions and limits - with the aim to identify material risk exposures and concentrations
Superior Excel and Access skills

Market Risk Coverage Examples

1

Market Risk Coverage Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of market risk coverage. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market risk coverage
  • Understand regulatory requirements and constraints that affects risk management across the Global Credit business
  • Act as the lead person for the analysis and integrity of the risk sensitivities that measure the risks being taken by the trading desks in North America under the Commodities – Energy business, liaising with the groups that produce the sensitivities including Risk Reporting, Product Control, and Operations, as necessary
  • Responsible for managing and leading the NA CPG Market Risk team to perform monitoring of BAU risk activities such as Greeks, VaR and Stress delivery of value-added analyses and projects in the risk area
  • Work with Technology and Reporting teams on streamlining of daily risk reporting and monitoring of market risk positions
  • Aggregation and presentation of key risk information
  • Conduct regular risk analyses deep dives into various risk themes, and communicate findings to the trading desk and MR management
  • Work closely with Market Risk colleagues and Technology across asset classes to deliver an innovative new system that leverages big-data technology to consolidate firm wide risk
  • Understand project interdependencies, issues and risk to track progress across the broad set of new and ongoing technology projects impacting Market Risk
  • Summarize and present technology updates to senior management across Risk, Technology and Trading
  • Perform Market Risk Management projects and ad-hoc analysis in conjunction with the Equity Market Risk team
Qualifications for market risk coverage
  • Knowledge of interest rate & interest rate options markets required
  • Ability to work independently, coordinate across a global team
  • Knowledge of Municipal products and interest rate markets required
  • Produce, analyze and monitor risk utilization and revenue performance
  • Expected 10 years of experience in the industry, with thorough knowledge of risk management practices
  • Proficient with using other Microsoft products including PowerPoint, Word, Outlook
2

Market Risk Coverage Job Description

Job Description Example
Our company is hiring for a market risk coverage. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for market risk coverage
  • Lead and manage a team of 2 MR HK-based professionals to identify, monitor and analyze risk exposures in the Asia Credit Trading businesses, to enhance controls and risk transparencies
  • Conduct ad hoc risk analysis, develop improvements to risk reports
  • Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, volatility risks, forward default risks
  • Recommend compensating controls for model limitations and lead their implementation
  • Define and monitor market risk limit framework
  • Critically assess control environment to ensure issues are identified early on
  • Daily monitoring and analysis of risk exposures - with an aim to identify material risk dynamics, concentrations or vulnerabilities
  • Escalate top risks to senior risk managers and portfolio managers
  • Conduct ad hoc risk analyses, improve methodologies, and enhance risk capture and reporting by performing deep-dives on various risk aspects such as curves, product bases, forward default exposure
  • Responsible for the analysis and integrity of the risk sensitivities that measure the risks being taken by the trading desks in APAC under the Commodities business, liaising with the groups that produce the sensitivities including Risk Reporting, Product Control, and Operations, as necessary
Qualifications for market risk coverage
  • Interest in counterparty, funding and discounting risk on derivatives
  • In depth experience in the industry, with thorough knowledge of market risk management practices
  • Strong academically
  • Tenacious, can-do attitude is key with entrepreneurial dedication to new technology welcome
  • Proficiency in Excel and PowerPoint is favored
  • Relevant modeling, risk management, valuation, or trading desk support experience is preferred, particularly in Rates
3

Market Risk Coverage Job Description

Job Description Example
Our company is growing rapidly and is hiring for a market risk coverage. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market risk coverage
  • Performing Scenario analysis and stress testing, VaR analysis
  • Assessing the appropriateness of the risk reward profile of the portfolio and of new large or complex transactions
  • Delivering ongoing sustainability of regulatory commitments
  • Leading discussions with Trading and Management during regional and desk-level risk meetings
  • Identify and highlight concentrated, concerning or complex risk positions
  • Daily monitoring of market risk positions and limits - with the aim to identify material risk exposures and concentrations
  • Monitoring, reporting and producing stress metrics
  • Assessing the appropriateness of the risk reward profile of the portfolio
  • Analyzing large or complex transactions with the ability to challenge business decisions as required
  • Improving current risk measures
Qualifications for market risk coverage
  • Experience in a Market Risk, Finance, or similar capacity/skillset
  • Market risk framework knowledge risk measurement (greeks), VaR, Stress including scenario definition
  • Technology experience & expertise ideal
  • Minimum 5 years of relevant experience in Equity Derivative products (trading, sales, structuring, market risk, VCG, MGG, or product control)
  • A taste for understating complex risks arising from management of CVA / FVA / Treasury risks
  • Understand regulatory rules as they are released
4

Market Risk Coverage Job Description

Job Description Example
Our growing company is looking to fill the role of market risk coverage. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market risk coverage
  • Coverage of European Securitized Products Business
  • Continuing to develop greater collaboration across areas
  • Act as a key point person for the analysis and integrity of the risk sensitivities that measure the risks taken by the trading desks
  • Liaise with the groups that produce the sensitivities including Risk Reporting, Product Control, and Operations, as necessary
  • Attend meetings with other groups involved with markets to include Research, Finance, and the Trading Desk heads
  • Communicate effectively with Senior Management regarding the risk appetite of the Trading Desk Heads
  • Escalate concerns when deemed necessary based on independent judgment and/or market scenarios
  • Assess the appropriateness of business risk and reward profiles and working with the desk on new large or complex transactions
  • Provide in depth analyses for trade approvals, deep dives, and objective assessment on risk appetite
  • Understand and lead improvements in VAR and Stress Testing methodologies on the positions taken by the Municipal Trading desks
Qualifications for market risk coverage
  • Ability to synthesize key takeaways and simplify problems
  • Basic understanding of relevant products, particularly stock lending, repos, total return swaps, margin loans, collateral swaps, secured funding transactions
  • Basic understanding of relevant risks & concepts, namely equity forward risk, collateral spread widening, funding risk, collateral discounting, interest rate delta and basis
  • Experience in VaR and Stress testing (including CCAR) is helpful and preferred
  • Solid understanding of relevant products, particularly stock lending, repos, total return swaps, margin loans, collateral swaps, secured funding transactions
  • Solid understanding of relevant risks & concepts, namely equity forward risk, collateral spread widening, funding risk, collateral discounting, interest rate delta and basis
5

Market Risk Coverage Job Description

Job Description Example
Our company is growing rapidly and is looking for a market risk coverage. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market risk coverage
  • Ownership and responsibility for legal entity and SNPR tasks such as stress testing, VaR, P&L backtesting, limit monitoring, validating and resolving limit excess issues, accuracy of risk data
  • Responsibility for defining best practice with regards to Legal Entity Risk Coverage and SNPR coverage - Work with Front Office, Finance, QR, Technology, Middle Office and other Market Risk coverage groups to develop new tools and metrics to make the important risks and P&L drivers more transparent to senior management
  • Partner with Coverage other teams/functions to manage and respond to Regulatory/Audit requests
  • Further develop the legal entity and SNPR risk management framework, ensuring consistency across regions, with global practices and other Lines of Business
  • Highlighting concentrated or concerning risk positions within legal entities
  • Representing GCT in working groups and legal entity oversight forums with regard to a wide range of topics such as, Regulatory initiatives and submissions (FDSF, Group Failure ), New Business Initiation Approvals weekly risk meetings with Front Office
  • Coverage of Global FX and FX Options business based in New York
  • Monitor and analyze market risk positions with the aim of identifying material risks, concentrations and tail risks to ensure no surprises
  • Perform ad-hoc analyses (including notable new transactions) in order to assist decision making
  • Improve risk transparency and methodologies by conducting deep-dives on structural portfolio risks, basis risks and exotic risks
Qualifications for market risk coverage
  • Experience in working with regulators is helpful and preferred
  • Strong quantitative skills with knowledge of IR models preferred
  • Knowledge of equity derivatives including vanilla & exotic payoffs is preferred
  • A university degree in a quantitative subject (Financial Engineering / Economics / Mathematics)
  • Fundamental knowledge of market risk and Equity Derivatives pricing required
  • Proficiency in risk management and good financial market and product knowledge

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