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Prime Brokerage Risk Manager Job Details

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Employer:  Bank of America
Job Ref No:  17058735
Job Title:  Prime Brokerage Risk Manager
Sector:  Asset Management
Sub Sector:  Hedge Fund
Risk Type:  Credit
Expertise:  Sales/Marketing
Job Description:

1. Account Reviews
  • Perform risk analysis on client portfolios to determine appropriate collateral requirements including deep-dives into individual clients and client portfolios across EAMS which include:
  • Hedge Fund strategies ranging from fundamental long short equity, event driven, relative value, quantitative market neutral, CB Arbitrage, Fundamental and Relative Value Credit and Fixed Income
  • Professional Traders including equity, ETF and option market making, event driven, index relative value and high frequency trading
  • Work with Client Service, Sales and Clients directly to communicate and negotiate any required margin changes

2. Margin Methodology/Models
  • Develop and specify rules based and risk based margin methodologies across different asset classes to fit risk appetite and policy
  • Work with stakeholders to implement margin methodologies including
  • Technology to develop functional specifications for infrastructure implementation
  • Margin Operations to develop client reporting and workflow
  • Global Risk Analytics for model suitability and assessment
  • Model Risk Management for model approval
  • Client Service and Salespeople in assisting with client deployment

3. Infrastructure Development
  • Develop and specify requirements for improvements in risk measurement including
  • Risk Dashboards to consolidate margin data across platforms and enforce uniformity of risk measurement and management
  • Margin methodologies and calculators
  • Stress testing and scenario analysis
  • Streamlining margin and risk infrastructure including Intraday Risk platform
  • Work with Technology to implement and test infrastructure improvements

4. Client Negotiations
  • Set market, liquidity and operational risk policy and ensure policy is appropriately codified in client contracts including Prime Brokerage Agreements, Term Margin Agreements, ISDAs, Futures & OTC Clearing Agreements
  • Serve as key escalation point-of-contact for Agreements & Documentation negotiators and client servicing personnel and make decisions on any exceptions

5. Real Time Monitoring
  • Set intraday risk policy and appetite
  • Monitor intraday risk
  • Work with Technology, Client Service, Sales and On-boarding Teams to ensure relevant client intraday risks are captured and monitored

Required Job Skills:

  • Background in Prime Brokerage Risk Management with 2+ years experience at leading house
  • Derivatives knowledge & experience, and experience with quantitative analysis
  • Demonstrated interest in markets and macro trends and the ability to assess impact on client portfolios
  • Ability to communicate effectively with senior stakeholders and work with clients and client facing personnel including Client Service, Sales and Relationship Management to communicate risk appetite and margin policy
  • Undergraduate degree in a quantitative discipline (Mathematics, Engineering or Computer Science) and Graduate Degree preferred

Posting Date: 10/02/2017

- United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

Employment Type:  Full Time
Region/Country:  Americas, United States
States/Counties:  New York
City:  New york

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