DefaultRisk.com the web's biggest credit risk modeling resource.
DefaultRisk.com the web's biggest credit risk modeling resource. | |
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Under this sector, you'll find listed all of our risk management jobs in investment banks, asset managers, hedge funds and other financial services firms. As we've all learned from the recent financial crisis, financial services can be a very risky industry. If risk management professionals are not available to stem employees' desire to push boundaries for bigger profits, whole banks can go bankrupt.
Professionals who work in risk deal with technology, operations, audit, compliance and other control functions within a bank or financial organization. Risk management jobs are usually split into different areas, though the most common are market risk, credit risk and operational risk.
Market risk is the risk that a whole portfolio of traded financial products (for example, stocks, bonds or commodities) drops in value at the same time because of outside, sometimes unpredictable events, like rising oil prices or terrorist bombs. Four standard market risk factors used are stock prices, interest rates, foreign exchange rates and commodity prices.
Market risk professionals aim to price and model risk across a variety of asset classes, such as derivatives (forwards, futures, options, swaps). They should communicate clearly with traders and supply the front office with clear risk assessments.
Credit risk is the risk of loss of principal if a borrower fails to pay back a loan. A job in credit risk requires mitigating this risk by creating credit proposals and credit reviews, which show the business independent judgments about the financial backgrounds of potential and existing borrowers.
Credit risk positions require working with the lending team to check that credit proposals or extensions meet with approval or are declined in agreement with the firm's own credit policies and local regulations. Many lenders have their own credit scorecards and list prospective and current customers according to risk. A variety of factors are examined, including operating experience, management expertise, asset quality and leverage and liquidity ratios.
Operational risk is the risk that a bank will suffer damage or losses from internal factors or problems like a systems breakdown or financial wrongdoing. A job in operational risk involves devising front-to-back reviews of business processes which are then reported to business managers.
Positions in operational risk necessitate creating risk self assessments of business units, spreading information about the firm's risk policies and finding and reporting any change in risk. They also meet with internal audit, external audit and regulators.
Many risk professionals have qualifications developed to advance their understanding, job opportunities, professional reputation and salary. As an example, the Financial Risk Manager (FRM) designation from the Global Association of Risk Professionals is awarded to those who have at least two years' work experience in financial risk management and successfully pass two examinations.
The Professional Risk Managers' International Association (PRM) is awarded to financial risk managers who successfully pass four exams on subjects including financial theory, financial instruments and markets and mathematical foundations of risk measurement.
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| Chemicals Industry, Director | Fitch Ratings not disclosed | New York, NY | 09 Feb 12 |
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See job description below
| REITS, Senior Director | Fitch Ratings not disclosed | New York, NY | 09 Feb 12 |
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See job description below
| New York City | Senior Manager - Financial Valuations and Model Review Group | Selby Jennings Quant Competitive | New York, NY, 10001 | 09 Feb 12 |
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Senior Manger – Financial Valuations and Model Review Group | New York City Circa: $200,000 + bonus and be...
| Manager, Investment Risk - Multi Asset Class | Wellington Management Company, LLP Competitive | Boston, MA, 02108 | 09 Feb 12 |
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Manager, Investment Risk - Multi Asset Class
| Quantitative Analyst | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 08 Feb 12 |
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Major NY based financial firm has an immediate need for multiple Quant Analysts within a variety of asset clas...
| OTC Risk Manager, | Not Disclosed Highly competitive compensation | New York, NY | 08 Feb 12 |
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Leading Financial Services firm seek a Risk Manager to join thei OTC products team.
| Compliance Officer, Standard & Poor's | Standard & Poor`s not disclosed | New York, NY | 08 Feb 12 |
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Standard & Poor's is seeking a senior compliance officer to conduct examinations and audits. This position...
| Financial Analyst | Oxbow Group Competitve | West Palm Beach, FL | 08 Feb 12 |
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Oxbow Carbon LLC is a private company based in West Palm Beach, Florida. It was founded in 1984 by Chief Execu...
| Pricing Specialist | Oxbow Group Competitive | West Palm Beach, FL | 08 Feb 12 |
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Oxbow Carbon LLC is a private company based in West Palm Beach, Florida. It was founded in 1984 by Chief Execu...
| Commodities Credit Risk Director - Global Investment Bank | Selby Jennings Well above market value | Houston, TX, 77001 | 08 Feb 12 |
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The role offers senior candidates a great opportunity to work for one of the world's primary investment banks....
| Head of Enterprise Risk Management Reporting and Special Projects | Hudson City Savings Bank Based on experience | Paramus, NJ, 07652 | 08 Feb 12 |
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The Head of ERM Reporting and Special Projects reports directly to the Chief Risk Officer. Individual has prim...
| Compliance Analyst | Hudson City Savings Bank Based on experience | Paramus, NJ, 07652 | 08 Feb 12 |
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Responsible for monitoring and testing compliance with rules and regulations applicable to Banks and mortgage ...
| Risk Manager - Counterpary Risk | Comprehensive Recruiting Outstanding compensation, benefit and re... | Charlotte, NC | 08 Feb 12 |
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Global Financial Institution is looking to add a Risk Manager that will work with Treasury and the business to...
| Credit Risk Reporting Analyst | Ashton Lane Group, Inc Excellent Base & Bonus | New York, NY, 10001 | 08 Feb 12 |
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Supporting the credit risk reporting of a global investment bank
| VP Credit Risk Reporting | Ashton Lane Group, Inc Excellent Compensation | New York, NY, 10001 | 08 Feb 12 |
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Managing a credit risk reporting team within a global investment bank
| VP Economic Capital Model Validation | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Managing the quantitative modeling & analysis for a large commercial bank
| Associate Quantitative Market Risk Modeling | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Market Risk Model Validation Quantitative Analyst for a large commercial bank
| AVP Equity Derivatives Valuations | Ashton Lane Group, Inc Excellent Base & Bonus | New York, NY, 10001 | 08 Feb 12 |
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Providing the independent price verification for Exotic Equity Derivatives within a global investment bank
| AVP - Statistical Analysis | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Quantitative statistical risk management for a large commercial bank
| VP - Statistical Analysis | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Senior quantitative credit risk manager for a large commercial bank
| Asset Liability Management Analyst | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Risk analysis and reporting for a large commercial bank
| Asset Liability Management Analyst - Washington, DC | Ashton Lane Group, Inc Excellent Base & Bonus | Chicago, IL | 08 Feb 12 |
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Risk analysis and reporting for a large commercial bank. Position is located in Washington, DC.
| Manager - Statistical Analysis / Basel II Modeling | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Quantitative credit risk modeling for a large retail bank
| Manager - Statistical Analysis / Basel II Modeling - Washington, DC | Ashton Lane Group, Inc Excellent Base & Bonus | San Francisco, CA | 08 Feb 12 |
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Quantitative credit risk modeling for a large retail bank. This position is located in Washington, DC
| Quantitative Market Risk Associate | Ashton Lane Group, Inc Excellent Base & Bonus | Boston, MA | 08 Feb 12 |
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Support the portfolio management team of a prestigious fund.
| Investment Actuary Analyst | Ashton Lane Group, Inc Excellent Base & Bonus | Philadelphia, PA | 08 Feb 12 |
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Supporting the variable annuity hedging strategy of a leading financial institution.
| Associate ALM / Market Risk Governance | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Developing market risk management strategies for a large commercial bank
| Vice President Market Risk ALM Strategy | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Senior position developing ALM management strategies for a large commercial bank
| VP - Economic Capital Model Validation | Ashton Lane Group, Inc Excellent Base & Bonus | Washington, DC | 08 Feb 12 |
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Independent model validation for a large commercial bank
| Senior Risk Manager - OTC Derivatives | Ashton Lane Group, Inc Excellent Base & Bonus | New York, NY, 10001 | 08 Feb 12 |
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Manage regulatory capital and margin requirement risk programs within financial services
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