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Manager – Risk Oversight
| Company | Bank of Montreal |
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| Location | New York, NY, USA |
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| Salary | $94300 – $174900 |
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| Type | Full-Time |
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| Degrees | |
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| Experience Level | Mid Level, Senior |
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Requirements
- Strong understanding of securitized products markets.
- Familiarity with key market risk concepts including VaR, SVaR, Stress Testing, Profit Attribution Analysis and various backtesting methodologies.
- Excellent understanding of global financial markets and products.
- At least 4 years of experience within the market risk field, preferably at a large North American bank.
Responsibilities
- Ensure that the market risks are well understood, articulated and communicated to senior management.
- Monitor the portfolios against the current market environment, model outputs, and desk exposures; report on changes to the portfolio and the impact these changes will have on existing risk reporting.
- Recommend risk limits. Develop, publish, issue, and update the limits under which various businesses operate. Ensure appropriate risk controls are in place to manage and limit tail risks.
- In conjunction with the businesses, provide analysis and recommendations to the Director Risk Oversight to facilitate concurrence (when deemed appropriate) on limit excesses. Work with the businesses to ensure any breaches of approved limits are properly escalated, approved and documented.
- Work with the businesses to approve or recommend one-off transactions, or full implementation of new trading products and strategies.
Preferred Qualifications
No preferred qualifications provided.
