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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| Credit Analyst - Financial Institutions | UBS AG - Investment Bank - US DOE | Stamford, CT | 16 May 13 |
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We are looking for an individual to serve as a Credit Analyst on the North America Financial Institutions team...
| Quant Analyst - Market Risk | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 21 May 13 |
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Global financial firm is looking to add to their Quantitative Risk Management Group.
| Internal Audit Manager | Macquarie Competitive | New York City, NY | 21 May 13 |
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The Risk Management Group is looking for an Internal Audit Manager to join the New York team.
| Front Office Quant Research - Interest Rate derivatives - NY, USA | Selby Jennings $100000 - $125000 per annum, Benefits: E... | New York City, NY | 20 May 13 |
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| Quantitative Developer (Market Risk) | The Tuttle Agency 175000 | New York City, NY | 20 May 13 |
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THIS POSITION IS CHARLOTTE, NC BASED WITH RELOCATION PACKAGES OFFERED FOR ALL CANDIDATES.
| Managing Director- Counterparty Product Management | Tuttle agency 200,000- 230,000 plus bonus | New York, NY, 10017 | 20 May 13 |
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Our client is an international financial services technology firm that works in the data, pricing and trade pr...
| Investment Quant-Rates/Structured Credit- Model Validation (PhD) - New York | Analytic Recruiting Inc. Competitive comp | New York City, NY | 20 May 13 |
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Major financial firm in NYC is looking for PhD-level quant modelers with extensive experience in developing an...
| Top Tier Investment Bank Urgently looking for Cross-Asset Quant - NYC | Selby Jennings $150000 - $250000 per annum | New York City, NY | 20 May 13 |
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| Front Office CVA Quant- Global Investment Bank- NY USA | Selby Jennings Performance related bonus | New York City, NY | 20 May 13 |
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| Investment Banking Analyst - M&A | Not Disclosed Highly Competive Base Salary and Bonus | New York City, NY | 20 May 13 |
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Elite Boutique M&A firm seeks and Investment Banking Analyst with 6months to -2 year of Investment Banking, R...
| Quantitative Analyst - Interest Rates | Comprehensive Recruiting Outstanding compensation and benefit pac... | New York City, NY | 20 May 13 |
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Global financial firm is looking to add a Quant Analyst with strong experience in Interest Rates to their Quan...
| Sr. Quant Analyst - Counterparty Credit | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 20 May 13 |
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Global Investment Bank is looking to add a Sr. Quant Analyst to lead their Quantitatiave Risk Management Team.
| AVP / VP Dodd Frank Testing | The Forum Group Base salary, bonus and benefits | New York City, NY | 20 May 13 |
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Our client, a global investment bank is seeking to a fill a newly created role at either AVP or VP level depen...
| Director, Risk Assessments & Testing | The Forum Group Base salary, bonus and benefits. | Jersey City, NJ | 20 May 13 |
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Our client, a top tier financial services firm based in Jersey City seeks an experienced Compliance profession...
| VP AML Private Equity | The Forum Group USA | New York City, NY | 20 May 13 |
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Our client, one of the largest and most prestigious Private Equity firms in the world has a newly created oppo...
| CVA Quantitative Analyst | OCG - Obtain Consulting Group Competitive | New York City, NY | 20 May 13 |
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Our client is a leading Tier One American Bank who are looking for a Senior CVA Quantitative Analyst. The team...
| Quant - Model Validation - Treasury and Finance | OCG - Obtain Consulting Group Competitive | New York City, NY | 20 May 13 |
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We are shortlisting for an urgent hire within a leading Tier one Bank who are looking to create a new quantita...
| VP Equity Derivatives Valuations | Ashton Lane Group Competitive Base & Bonus | New York City, NY | 20 May 13 |
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Leading the independent price verification of a global investment bank
| Branch Supervision Administrator | TIAA-CREF Base Salary + Incentive | New York City, NY | 20 May 13 |
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Branch Supervision Administrator
| Associate - Market Risk | Morgan Stanley Competitive | New York City, NY | 19 May 13 |
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See job description for details
| Credit Risk - Regulatory Relations | Morgan Stanley Competitive | New York City, NY | 19 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 | 19 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 | 19 May 13 |
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See job description for details
| Senior Business Analyst | Morgan Stanley Competitive | New York City, NY | 19 May 13 |
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See job description for details
| Morgan Stanley Wealth Management Credit Associate | Morgan Stanley Competitive | New York City, NY | 19 May 13 |
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See job description for details
| SENIOR CREDIT RISK QUANTITATIVE ANALYST AND MANAGER | Morgan Stanley Competitive | New York City, NY | 19 May 13 |
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See job description for details
| GWM Operational Risk Program Manager | Morgan Stanley Competitive | Jersey City, NJ | 19 May 13 |
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See job description for details
| Head of Operational Risk Analysis & Reporting | Morgan Stanley Competitive | Jersey City, NJ | 19 May 13 |
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See job description for details
| Head of Credit Policy | Morgan Stanley Competitive | New York City, NY | 19 May 13 |
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See job description for details
| Counterparty Credit Risk Associate | Morgan Stanley Competitive | New York City, NY | 19 May 13 |
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See job description for details