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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| Risk Mgmt/Bus Accept Team Lead Job | THE BANK OF NEW YORK MELLON CORPORATION Competitive | Jersey City, NJ, 07097 | 17 May 12 |
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See Job Description
| Information Security Analyst | Barclay Simpson $Competitive per hour | New Jersey Bmc, NJ | 16 May 12 |
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Information Security Analyst with experience across vulnerability assessment and penetration testing required ...
| Valuation Controller - Securitized Products | UBS AG - Investment Bank DOE | Jersey City, NJ | 07 May 12 |
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The Valuations team is seeking a strong AO/AD level Controller with Non-Agency RMBS products knowledge.
| Senior Application Developer - Prime Brokerage | UBS AG - Investment Bank BOE | Jersey City, NJ, 07310 | 27 Feb 12 |
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This position is within Prime Brokerage's technology area with specific duties on the Strategic Engines platfo...
| IT Risk & Assurance Senior - Bermuda | Bluefish Resources Tax-Free | New York, NY, 10001 | 21 May 12 |
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IT Risk / IT Audit Consultants required for world leading Practice on the wonderful island of Bermuda.
| IT Risk & Assurance Manager - Bermuda | Bluefish Resources tax-free | New York, NY, 10001 | 21 May 12 |
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IT Risk and Assurance Manager required by a leading International Accountancy Practice on the unique and wonde...
| Top Investment Bank Seeking Senior Counterparty Credit Risk Analyst for Global Markets Portfolio Manager Position | Selby Jennings $110-140k Base Salary (with on top bonus... | New York, NY, 10001 | 21 May 12 |
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This Banks Global Markets group is seeking an Experienced Counterparty Credit Risk Analyst to take on a Strate...
| Senior Manager - Data Analytics | JCW $130,000 - $250,000 Basic + Bonus | New York, NY, 10001 | 21 May 12 |
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Global professional services organisation - Senior Manager Data analytics - Interviews at short notice - Data ...
| VP - High Net Worth Credit Risk Analyst | Morgan Stanley not disclosed | New York, NY | 21 May 12 |
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See job description below
| Global Tier 1 Investment Bank seeks Credit Risk Exposure Management Director/SVP – New York | Selby Jennings QRF Above market value | New York, NY, 10001 | 21 May 12 |
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Brief Description
| Senior Analyst-Risk Management-Stress Testing | Integrated Management Resources Open | New York, NY | 21 May 12 |
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Major Firm located in New York is seeking a Senior Analyst possessing 3-7 years of experience at financial ins...
| Assistant Vice President, Market Risk | Not Disclosed | New York City, NY | 21 May 12 |
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Ensure market risks in the NY office are effectively identified, reported and managed in accordance with ANZ M...
| Credit Risk Modeler | Not Disclosed $150,000 basic salary | New York, NY | 20 May 12 |
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Corporate Credit Risk professional needed to join leading Wall Street firm.
| Director of Sales- Enterprise Risk Solutions | The Tuttle Agency 150,000-180,000 +bonus | Grand Central, NY, 10017 | 20 May 12 |
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Our client, a leading provider of Enterprise Risk Software, is looking for a Director of Sales for their NYC l...
| Quant-Model Validation (Credit Derivatives) | The Tuttle Agency 220,000-250,000 plus bonus | Grand Central, NY, 10017 | 20 May 12 |
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Our client is looking for a Quant Risk background for a Global Product Head for Credit Derivatives business. ...
| Market Risk Manager | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 20 May 12 |
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Top NY based Financial Firm is looking to add a Market Risk Manager that will assist Senior Members of the Ris...
| Director of Product Risk | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 20 May 12 |
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The Product Director oversees and resolves issues relating to market risk exposures. This includes managing wo...
| ERM/Risk Analytics and Modeling-Liability Valuation Methodology | Integrated Management Resources Open | New York, NY | 20 May 12 |
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Major Firm located in New York City is seeking Director for ERM position.
| Senior Data Warehouse Architect - Risk Management - Long Term Engagement | DTG Capital Markets Excellent Daily Rate | New York, NY, 10004 | 20 May 12 |
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This position will be the data integration design lead of a significantly large risk data warehouse, providing...
| Credit Risk Capital- VP | Not Disclosed $175,000 Basic Salary, plus bonus | Manhattan, NY | 20 May 12 |
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Develop Credit Risk Models for the portfolio, conduct stress tests, and monitor internal models and processes ...
| Market Risk Quant- NY | Not Disclosed $150k basic salary, plus annual bonus | New York, NY | 20 May 12 |
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Major Investment Bank seeks experienced Market Risk professional with a PhD and strong quantitative background...
| C# Risk Developer | Rimrock Associates, Inc. 100k-250k | Greenwich, CT | 19 May 12 |
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This is an opportunity to join a very successful hedge fund specialized in quantitative trading and alternativ...
| VP - Equities Quant Modelling | Morgan Stanley not disclosed | New York, NY | 19 May 12 |
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See job description below
| Market Risk Quant - CVA Modelling | Morgan Stanley not disclosed | New York, NY | 19 May 12 |
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See job description below
| Executive Director - Operational Risk Methodology | Morgan Stanley not disclosed | New York, NY | 19 May 12 |
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See job description below
| Credit Risk Capital Associate | Morgan Stanley not disclosed | New York, NY | 19 May 12 |
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See job description below
| Quantitative Credit Risk VP | Morgan Stanley not disclosed | New York, NY | 19 May 12 |
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See job description below
| Director- Solutions and Services | TheMcGraw-HillCompanies not disclosed | New York, NY | 19 May 12 |
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See job description below
| Quantitative Analyst | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 19 May 12 |
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Global NY based financial firm needs to add a mid-level and senior level Quant Analyst. The mid level Quant sh...
| Senior Valuation / Director | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 19 May 12 |
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Global financial firm in New York City is looking to add a Director level member to their Valuation and Pricin...
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