NEW JOB OPENING
BUSINESS RISK SPECIALIST VOLCKER
IN New York, NY, USA!

Required Education:

• Bachelor’s/University degree. Potentially Master’s degree



Qualifications:

• 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.

• Knowledge of market risk and/or regulatory rules pertaining to risk is advantageous.

• Experience with regulatory rules and ideally in delivering regulatory initiatives.

• Exposure to analyzing legislative and regulatory texts and associated legal analysis.

• Proficiency in risk management data analysis and tools is a plus.



Skills and Competencies:

• Strong analytical and problem-solving skills, with high attention to detail.

• Organized, with the ability to manage multiple requests and prioritize accordingly.

• Strong interpersonal and organizational skills to mobilize and motivate delivery in a cooperative and collaborative working environment across trading and support functions.

• Excellent verbal and written communication skills.

• Fluency in MS Office suite

• Knowledge of internal Client systems a plus.



Responsibilities and priorities will reflect needs of the organization and will evolve over time, however the following are some of the specific activities expected of this role:

• The candidate will be responsible for Volcker governance controls including Ensuring the accuracy and completeness of Desk Mandate documents; Acting as an SME with respect to the Volcker Rule and ensuring compliance with the relevant standards and procedures; Reviewing 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 Assisting in the response to regulatory examinations and queries from Regulators; Assisting all business lines across Clients including Markets and other stakeholders in managing updates to their Volcker hierarchy including desk splits, mergers and closures; Testing and validation of system improvements; Design and implementation of controls; Partnering with audit and independent control teams to ensure compliance to the Volcker Rule.

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Client, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

• **Only those lawfully authorized to work in the designated country associated with the position will be considered.**

• **Please note that all Position start dates and duration are estimates and may be reduced or lengthened based upon a client’s business needs and requirements.**