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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| Senior Market Risk for Fixed Income Rates Prop Trading | Halliwell Search LLC to $1.0 million | New York City, NY | 24 May 13 |
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Large and well established US Hedge Fund (Multi-strategy) in New York City, approximately 30 Billion + AUM is ...
| MBS Quantitative Analyst | Comprehensive Recruiting Competitive compensation and benefit pac... | New York City, NY | 24 May 13 |
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Global financial firm is looking to add a Quant Analyst with previous MBS experience to their Quantitative Ris...
| Operational Capital Markets - Senior Consultant/Manager (Asset Management) | Deloitte Services LP 00 | New York City, NY | 24 May 13 |
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Our Operational Capital Market practice specializes in all areas of operations, technology, risk management a...
| Senior Quantitative Risk Developer – Variable Annuity Hedging Group –Market Risk – Leading Insurance Firm – Philadelphia | GQR Global Markets $100-120k base (DOE) + competitive bonus... | Philadelphia, PA | 24 May 13 |
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We are working with an insurance group, more specifically with their fast-growing variable annuity hedging tea...
| Counterparty Credit Risk Quant Analyst - IMM Internal Model Method Risk Modeling Analytics Team | GQR Global Markets $200,000 USD Base (DOE) + very competiti... | New York City, NY | 24 May 13 |
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Counterparty Credit Risk Quant Analyst - IMM Internal Model Method Risk Modeling Analytics Team - Counte...
| AVP, Credit Risk Strategist – Credit Research – Corporate, Sovereign, Municipal, High Yield, Real Estate | GQR Global Markets $100-140k base (DOE) + very competitive... | New York City, NY | 24 May 13 |
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AVP, Credit Risk Strategist – Credit Research – Corporate, Sovereign, Municipal, High Yield, Real Estate –Cre...
| Lead Developer - Hedge Reporting & Quantitative Research – Minneapolis, USA | GQR Global Markets Highly Competitive | Minneapolis, MN | 24 May 13 |
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A leading financial services company is seeking a Lead Developer for the Quantitative Research & Hedge Reporti...
| Actuarial Technician, Director Level – Variable Annuity Hedging & Risk Management – FSA, MAAA – Leading Insurance Company – Los Angeles, CA, USA | GQR Global Markets $140-180k base (DOE) + bonus structure | Los Angeles, CA | 24 May 13 |
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We are working with a top-tier insurance company specifically in their VA hedging team and looking for a highl...
| AVP/VP/SVP Credit Officer (Energy) | Not Disclosed 70k-175k | New York City, NY | 24 May 13 |
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Two International Investment Banks seek skilled Credit Officers/Analysts at the AVP/VP/SVP level with an empha...
| Enterprise Risk Analyst | Comprehensive Recruiting Outstanding compensation, benefit and re... | Philadelphia, PA | 24 May 13 |
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Leading Financial Service firm is looking to add an Enterprise Risk Analyst that will work alongside all areas...
| Major Investment Bank looking for Senior Commodities Quant - NYC | Selby Jennings $150000 - $250000 per annum | New York City, NY | 24 May 13 |
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| Top Tier Bank NYC Urgently Looking for Cross-Asset Quant | Selby Jennings $150000 - $250000 per annum | New York City, NY | 24 May 13 |
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| Strategic Risk Management - Risk Manager - US Interest Rates | Credit Suisse Not Specified | New York City, NY | 24 May 13 |
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Developing awareness and full understanding of all products and strategies traded within US Interest Rates Pr...
| Risk Manager (Immediate Need) | Comprehensive Recruiting Outstanding compensation and benefit pac... | New York City, NY | 24 May 13 |
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Top Financial Firm is looking to add a Risk Manager that will assist Senior Members of the Risk Management tea...
| Branch Supervision Administrator | TIAA-CREF Base Salary + Incentive | New York City, NY | 24 May 13 |
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Branch Supervision Administrator
| Senior Business Analyst | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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See job description for details
| Vice President/ Senior Associate - Merchant Banking & Real Estate - Risk & Insurance Management | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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See job description for details
| Private Bank Mortgage Quality Control & Assurance - VP Level | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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| Associate - Market Risk | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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See job description for details
| Credit Risk - Regulatory Relations | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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| Market Risk Officer | Comprehensive Recruiting Outstanding compensation and benefit pac... | Charlotte, NC | 24 May 13 |
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Leading Financial Service company is looking to add a Market Risk Officer to their Risk Management Team.
| Wealth Management Trade Review Analyst | Morgan Stanley Competitive | South Jordan, UT | 24 May 13 |
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See job description for details
| Senior Quant Developer | Comprehensive Recruiting Outstanding compensation and benefit pla... | Charlotte, NC | 24 May 13 |
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Major financial firm is looking for a Senior Quant Developer for their Risk Analytics team.
| Morgan Stanley Wealth Management Credit Associate | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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See job description for details
| Head of Credit Policy | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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See job description for details
| Head of Operational Risk Analysis & Reporting | Morgan Stanley Competitive | Jersey City, NJ | 24 May 13 |
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See job description for details
| Administrative Assistant | Morgan Stanley Competitive | Jersey City, NJ | 24 May 13 |
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See job description for details
| Counterparty Credit Risk Associate | Morgan Stanley Competitive | New York City, NY | 24 May 13 |
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See job description for details
| GWM Operational Risk Program Manager | Morgan Stanley Competitive | Jersey City, NJ | 24 May 13 |
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| Quant Analyst - Market Risk | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 24 May 13 |
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Global financial firm is looking to add to their Quantitative Risk Management Group.