The Market Risk Manager in Jersey City is responsible for overseeing the monitoring of daily margin calculations and managing market and liquidity risk exposures resulting from trade execution and settlement activities in the clearing corporations and the depository. This role involves driving new business initiatives, leading risk system design improvements, and ensuring compliance with Risk Management policies and procedures. Collaboration with other teams to identify, analyze, and mitigate potential risks is crucial in safeguarding the financial market.

Company Culture and Environment

The work environment emphasizes collaboration and teamwork, with a focus on effective governance and risk management. Individuals in this role are expected to demonstrate strong ethical behavior and a commitment to quality and accuracy in their deliverables.

Career Growth and Development Opportunities

As a Market Risk Manager, there are opportunities for leadership development by managing a team of market risk associates and analysts, as well as involvement in strategic projects and process enhancements that support new and existing products.

Detailed Benefits and Perks

While specific benefits are not detailed, the role suggests a robust support for personal and professional development through leadership responsibilities and collaborative partnerships.

Compensation and Benefits

• Competitive salary


• Health, dental, and vision insurance


• Retirement savings plan


• Generous vacation and paid time off policy


• Flexible working hours

Why you should apply for this position today

This position offers a unique opportunity to play a vital role in managing market risks within a reputable financial institution. You will be part of a team that is dedicated to effective risk management practices, which are essential for the stability of financial systems.

Skills

• Strong understanding of fixed income securities (treasuries, mortgage-backed securities, etc.)


• Proficiency in Excel, including formulas and pivot tables


• Strong leadership and delegation skills


• Comprehensive risk management fundamentals


• Ability to monitor and interpret market conditions and economic trends

Responsibilities

• Lead a team of market risk associates and analysts across global offices


• Review, evaluate, and sign off on daily work and deliverables for quality and accuracy


• Identify and evaluate changes in members market risk exposures and provide timely solutions


• Monitor market conditions to anticipate potential risks and their impact on margin requirements


• Manage issues from internal audits, regulatory exams, and risk assessments


• Work on projects to mitigate emerging risks in support of new and existing products

Qualifications

• Minimum of 8 years of risk experience in Financial Services


• Experience leading a team for at least 2 years


• Stable work history of 3-4 years in each role


• Strong knowledge of compliance and governance frameworks

Education Requirements

• Bachelors degree preferred or equivalent experience

Education Requirements Credential Category

• Bachelors degree in finance, economics, or a related field is preferred

Experience Requirements

• Minimum of 8 years in financial risk management, preferably in a clearing house environment


• Fixed income experience is essential

Why work in Jersey City, NJ

Jersey City offers a vibrant urban environment with proximity to New York City, providing a rich cultural scene, diverse dining options, and a strong community. The area supports a robust financial services industry, making it an attractive location for professional growth in finance and risk management.

Employment Type: Full-Time

Education Level: Bachelor's degree

Required Knowledge, Skills, and Abilities: (Hiring Companies ATS Questions):

1. Do you have a Bachelor's degree preferred or equivalent experience

2. Do you have minimum of 8 years of risk experience in Financial Services

3. Do you have fixed Income experience (treasuries, mortgage-backed securities, etc.)

4. Do you have strong Excel skills (formulas; pivot tables)

5. Do you have strong leadership skills and ability to delegate

6. Have you led a team for a minimum of 2+ years

7. Do you have strong risk management fundamentals

8. Do you have a stable work history (3-4 years minimum for each role)

9. Do you have experience with clearing house - Nice to Have:

10. Do you have Series 7 - Nice to Have:

11. Do you have CFA certification - Nice to Have:

12. Must be a US Citizen or Green Card holder.