Prime Brokerage Risk at Leading Investment Bank | Multiple Vacancies
A tier-1 investment bank in New York is looking to expand its prime brokerage risk group with several hires. The group is looking for a front office focused candidate with experience in either traded market risk management or trading equities.
The Prime Brokerage Risk Management is responsible for managing and monitoring exposure to hedge fund PB clients. This includes monitoring of current clients margin loan exposure, assessing the risk of new business lines, and developing methodologies to improve portfolio lending activity. The client list of Prime Brokerage is constantly evolving with existing and new clients pursuing new strategies and trading new securities. Individuals must perpetually maintain their understanding of market dynamic, their knowledge of new products and awareness of market risks across both Equity and Fixed Income.
The prime brokerage risk manager will have the following responsibilities:
Manage the firm's market risk in relation to the lending facility it provides to its hedge fund clients.
Setting requirement/leverage levels by analysing client portfolios and monitoring these through out to make sure the appropriate levels are always in place.
Development of new margin methodologies/policies, both with regards to improvement of current ones and including new products.
Development of internal risk tools, such as various types of stress and scenario analyses.
Heavily involved in the PB marketing efforts by taking part in client pitches, discussing the firm's risk policy and leverage levels provided, as well as talking about the risk tools provided to clients in the PB offering.
Various client facing responsibilities, such as dealing with general risk issues, negotiating term agreements and presenting to clients at client teach ins.
Development of the working relationship and procedures between risk management team and collateral management.
Additionally involved in looking at the firm's risk and policies/procedures in relation to equity-linked listed derivatives.
The successful candidates will have the following background and skill set:
Must have experience in either a top PB Risk Group or alternatively a trading position
Evidence of an excellent analytical mind
5-10+ years of experience
Understanding of prime brokerage, derivatives, risk management, collateral management
The individual should have strong academics, be highly motivated, possess an analytical approach and be adaptable
Strong technical skills and superior problem solving capabilities
Understand financial transactions (at a fundamental level) and the risk associated with them
A team player who is a reliable and proactive self starter with an ability to communicate effectively at all levels, both internally and externally