Market Risk Manager - Jersey City

Job Description 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 EnvironmentThe 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 OpportunitiesAs 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 PerksWhile specific benefits are not detailed, the role suggests a robust support for personal and professional development through leadership responsibilities and collaborative partnerships.Compensation And BenefitsCompetitive salaryHealth, dental, and vision insuranceRetirement savings planGenerous vacation and paid time off policyFlexible working hoursWhy you should apply for this position todayThis 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.SkillsStrong understanding of fixed income securities (treasuries, mortgage-backed securities, etc.)Proficiency in Excel, including formulas and pivot tablesStrong leadership and delegation skillsComprehensive risk management fundamentalsAbility to monitor and interpret market conditions and economic trendsResponsibilitiesLead a team of market risk associates and analysts across global officesReview, evaluate, and sign off on daily work and deliverables for quality and accuracyIdentify and evaluate changes in members market risk exposures and provide timely solutionsMonitor market conditions to anticipate potential risks and their impact on margin requirementsManage issues from internal audits, regulatory exams, and risk assessmentsWork on projects to mitigate emerging risks in support of new and existing productsQualificationsMinimum of 8 years of risk experience in Financial ServicesExperience leading a team for at least 2 yearsStable work history of 3-4 years in each roleStrong knowledge of compliance and governance frameworksEducation RequirementsBachelors degree or equivalent experienceEducation Requirements Credential CategoryBachelors degree in finance, economics, or a related field is Experience RequirementsMinimum of 8 years in financial risk management, preferably in a clearing house environmentFixed income experience is essentialWhy work in Jersey City, NJJersey 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-TimeEducation Level: Bachelor's degreeRequired Knowledge, Skills, and Abilities: (Hiring Companies ATS Questions): Do you have a Bachelor's degree or equivalent experience Do you have minimum of 8 years of risk experience in Financial Services Do you have fixed Income experience (treasuries, mortgage-backed securities, etc.) Do you have strong Excel skills (formulas; pivot tables) Do you have strong leadership skills and ability to delegate Have you led a team for a minimum of 2+ years Do you have strong risk management fundamentals Do you have a stable work history (3-4 years minimum for each role) Do you have experience with clearing house - Nice to Have: Do you have Series 7 - Nice to Have: Do you have CFA certification - Nice to Have: Must be a US or Green Card holder.