Vice President, First Line Exposure Optimization

• We’re seeking a future team member for the role of Vice President, First Line Exposure Optimization to join our First Line Risk team in Markets. This role is located in New York, NY.
• In this role, you’ll make an impact in the following ways:
• Perform quantitative analysis of counterparty and portfolio risk across the Securities Finance and Prime Services businesses, including stress testing, scenario and sensitivity analysis, concentration risk, exposure attribution and liquidity risk
• Develop, enhance, document, and back-test risk methodologies, including margin, haircut, stress, concentration and exposure frameworks, using historical and forward-looking market scenarios
• Analyze large and complex datasets to identify emerging risks, crowded exposures, wrong-way risk, collateral deterioration and changes in counterparty risk profiles
• Build and enhance automated risk analytics, dashboards and exception-monitoring tools to improve intraday and end-of-day transparency
• Identify counterparty risks and lead escalation of material exposures, limit breaches and portfolio vulnerabilities to senior management
• Monitor counterparty, market, collateral and liquidity exposures; lead the timely escalation and resolution of material limit breaches, margin shortfalls, portfolio vulnerabilities with senior stakeholders
• Partner with Trading, Sales, Credit Risk, and Margin teams to evaluate new prospects and changes to client terms from a risk/reward perspective
• Evaluate risk-adjusted returns and financial resource consumption to help optimize deployment of balance sheet, capital and risk capacity
• Help expand the various house margin and haircut methodologies built in coordination with 2nd Line and Margin Department
• Improve the non-Standard collateral limit framework within the principal business and help source the collateral at right margins to minimize risk.
• Drive continuous improvement and automation of risk processes within the Securities Finance space, including identification of opportunities to leverage AI and advanced analytics.
• Lead portfolio reviews and management reporting that clearly communicate key exposures, trends, breaches, emerging risks and recommended actions to senior management and relevant governance forums.
• Coordinate counterparty stress events and default-management “fire drills,” including scenario design, exposure assessment, action tracking and post-event lessons learned.

The successful candidate will demonstrate/possess

• Experience in In-Business Market Risk, Credit Risk, Prime Finance Risk, Repo Risk or other client/trading desk facing risk function
• Strong understanding of market risk, counterparty credit risk, collateral risk, leverage and liquidity risk within financing businesses
• Bachelor’s degree of a quantitative discipline (Finance, Math, Science/Engineering or Quantitative Finance) or equivalent
• Strong quantitative background with demonstrated ability to analyze large and complex financial datasets
• Hands-on experience with risk analytics, stress testing, scenario analysis, back-testing and/or quantitative model development
• Strong technical skills in Python, SQL and/or similar analytical tools
• Advanced Excel skills and experience working with market and position-level datasets; familiarity with Bloomberg or similar market-data platforms preferred
• Ability to understand and challenge quantitative methodologies, model assumptions and risk parameters
• Strong written and verbal communication skills, with the ability to explain complex quantitative concepts into clear conclusions and recommendations for senior management
• Strong commercial judgment and ability to balance risk management objectives with business considerations.
• Ability to operate effectively in fast-moving markets, prioritize competing issues and make sound risk judgments with incomplete information.
• 6 years of total work experience (preferred)