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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| Sr. Investigator, FIU | Citizens Financial Group, Inc. Competitive | Norwood, MA | 18 Jun 13 |
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| Resolution Planning Sr Analyst | Citizens Financial Group, Inc. Competitive | Boston, MA | 18 Jun 13 |
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| Internal Audit Advisor | Cambridge Associates Competitive | Boston, MA | 17 Jun 13 |
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Cambridge Associates is seeking to hire an Internal Audit Advisor to be an integral part of our highly collabo...
| Compliance Officer II, Ethics | Citizens Financial Group, Inc. Competitive | Boston, MA | 17 Jun 13 |
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| Consumer Director Risk Manager- Communications & Marketing | Citizens Financial Group, Inc. Competitive | Dedham, MA | 17 Jun 13 |
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| Sr Resolution Planning Manager | Citizens Financial Group, Inc. Competitive | Boston, MA | 16 Jun 13 |
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| Risk Management Specialist II | Citizens Financial Group, Inc. Competitive | Boston, MA | 16 Jun 13 |
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| Counterparty Credit Risk, Capital Markets, Vice President | State Street Not Specified | Boston, MA | 11 Jun 13 |
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Our Company State Street Corporation (NYSE: STT) is the world''s leading provider of financial services to i...
| Credit Analyst, Officer (Corporate and Insurance counterparties) | State Street Not Specified | Boston, MA | 11 Jun 13 |
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Our Company State Street Corporation (NYSE: STT) is the world''s leading provider of financial services to i...
| Model Validation, Quantitative Analyst | State Street Not Specified | Boston, MA | 06 Jun 13 |
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The Quantitative Analyst will participate in model validation to ensure model risks is correctly identified, ...
| Asset Management Risk Director | Analytic Recruiting Inc. Competitive Compensation | Boston, MA | 31 May 13 |
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A multi-billion dollar Asset-Management firm located in Boston is looking for a Director of Risk Management a...
| Associate Auditor, Corporate Audit (May 2013 undergraduate) | State Street Not Specified | Boston, MA | 21 May 13 |
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The Associate Auditor, Corporate Audit role is an entry level audit role in which the candidate (May 2013 und...
| Vice President, Interest Rate and ALM Risk | State Street Not Specified | Boston, MA | 05 Apr 13 |
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Our Company State Street Corporation (NYSE: STT) is the world''s leading provider of financial services to i...