Job Title: Stress Testing & Risk Manager
Location: Jersey City, NJ [OR] Coppell, TX [OR] Tampa, FL [OR] Boston, MA [OR] McLean, VA (Choose Any 1 )
Hybrid: 3 days Onsite & 2 days REMOTE
Duration: 2+ Months (Extension Possible)
Description, Skills & Experience Needed:
- Mission is to provide effective and efficient identification, measurement, monitoring and control of market, liquidity & Stress Testing related to the clearing and settlement processes for our client, its members and the markets.
- In addition, the team provides critical governance and quality assurance capabilities for key risk functions that are designed to meet rigorous organizational and regulatory standards.
- Works under delegated authority from the Board and senior management to manage these risks within defined risk tolerances, as approved by the Board and senior management.
- Collaborates closely with Quantitative Risk Management and the Counterparty Credit Risk teams to maintain an integrated and comprehensive approach to financial risk management to support an effective second line of defense.
- FR&Gs prime directive for our client's applicable clearing agencies and joint ventures consists of the following:
- Maintain sufficient collateral to cover any losses associated with the liquidation of any defaulting member or family portfolio under extreme but plausible scenarios;
- Ensure that sufficient liquidity resources are available so that each entity is able to settle all transactions as contracted in the event of a failure by the single largest member or family under extreme but plausible circumstances;
- Exercise continuous improvement of policies, procedures and processes that support robust, ongoing member surveillance and effective but appropriate response to distress events; and
- Manage FR&G to maintain a deep and broad product knowledge and risk framework to effectively measure and manage market, liquidity and credit risks.
- Liquidity Risk & Stress Testing is responsible for monitoring and managing market and liquidity risk exposures arising from trade execution and settlement activities in the clearing corporations
- Responsibilities also include driving new business initiatives, overseeing risk systems design and continuous enhancements, compliance with Risk Management policies and procedures.
- Understanding of stress testing methodologies, keen understanding of financial markets and client profiles.
- Ability to identify, analyze, and mitigate potential risks and safeguard financial market in which our client plays a pivotal role.
Responsibilities:
- Proactively identify and evaluate change in member's liquidity risk exposures, liquidity needs and settlement obligations to escalate and mitigate exposures in timely manner.
- Monitor market conditions and economic trends to anticipate potential risks, potential impact on members' liquidity obligations, and impact on the stress scenario inventory.
- Provide risk committees with insights on liquidity risk dynamics, potential vulnerabilities, and risk management strategies.
- Lead market risk teams across global offices. Mitigate risk by ensuring adherence of the processes to the policies and procedures, identifying potential model, report errors, and demonstrating strong ethical behavior.
- Develop and improve policies and procedures to enhance existing risk controls and compliance with the regulatory requirements and industry best practices.
- Manage issues arising from internal audits, regulatory exams, and risk assessments, collaborate with stakeholders to develop and implement remediation plans.
- Present key metrics to senior management and regulatory supervisors.
- Oversee, lead and accountable for projects and process enhancements to effectively mitigate emerging risk in support of new and existing products.
Desired Skills and Experience
stress testing, risk management, financial market
Dexian is a leading provider of staffing, IT, and workforce solutions with over 12,000 employees and 70 locations worldwide. As one of the largest IT staffing companies and the 2nd largest minority-owned staffing company in the U.S., Dexian was formed in 2023 through the merger of DISYS and Signature Consultants. Combining the best elements of its core companies, Dexian's platform connects talent, technology, and organizations to produce game-changing results that help everyone achieve their ambitions and goals.
Dexian's brands include Dexian DISYS, Dexian Signature Consultants, Dexian Government Solutions, Dexian Talent Development and Dexian IT Solutions. Visit https://dexian.com/ to learn more.
Dexian is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.
