Asset & Wealth Management, PWM, Global Risk Management Team, Associate - New York
$85,000–$160,000 year
On-siteNew York City, New York, United States or New York, United States
Job Summary
Conduct daily ongoing monitoring of clients' portfolios' financial performance against limit frameworks and key metrics. Analyze client portfolios from a financial risk perspective, covering portfolio construction, product performance, investment manager selection, and credit risk. Review margin calls, scan account exposures, and ensure limit breaches are understood, actioned, and escalated. Contribute to regular portfolio reviews with senior management and analyze improvements to risk management methodologies. Collaborate with US, EMEA, and Asia teams, Credit/Market Risk Officers, and Private Wealth Advisors to review activities and develop specific risk analytics. Escalate potential issues within internal risk forums and share findings with senior leadership.
Required Qualifications
- Minimum of 2 years of experience in a financial organization
- Experience in the private wealth high net worth area
- Experience in portfolio management
- Experience in a Credit/Market Risk function
- Good base of derivatives knowledge
- Knowledge of pricing
- Knowledge of risk management of structured products
- Knowledge of options
- Knowledge of exotic derivatives
- Exposure to core market risk analysis and management topics
- Exposure to VaR
- Exposure to Stress Testing
- Exposure to Margin / Collateral Management systems
- Outstanding analytical skills
- Ability to work with detailed financial or other data
- Ability to understand commercial implications
- Ability to communicate commercial implications
- Exceptional communication and interpersonal skills
- Confidence to work closely with senior management
- Highly organized
- Attention to detail
- Excellent follow-through
- Good judgment
- Discretion
Desired Qualifications
- Direct knowledge of US Margin Regulations
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