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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| Front Office Desk Quant - FX derivatives - NY, USA | Selby Jennings $100000 - $125000 per annum, Benefits: E... | New York City, NY | 22 May 13 |
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| Director -Wholesale Credit Risk - New York | Analytic Recruiting Inc. Competitive comp | New York City, NY | 22 May 13 |
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A New York based Financial firm is looking for a Senior Wholesale Credit Risk Specialist (15+ years) analyzing...
| Credit Risk Review-Counterparty Credit Risk Policy& Audit - New York | Analytic Recruiting Inc. Competitive comp | New York City, NY | 22 May 13 |
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A Global Financial Institution in NY is looking for a Senior Counterparty Credit Risk Officer to assess, revie...
| Cross-Asset Quant Urgently needed for Major Investment Bank - NYC | Selby Jennings $150000 - $250000 per annum | New York City, NY | 22 May 13 |
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| SVP/ Director of Operational Risk, Compliance & Technology for leading NY Investment Bank | Selby Jennings $Competitive Salary + Excellent Bonus &... | New York City, NY | 22 May 13 |
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A highly successful bank is looking for an experienced operational risk professional with extensive exposure t...
| Senior Front Office Commodites Quant needed for Top Tier Investment Bank-NYC | Selby Jennings $150000 - $250000 per annum | New York City, NY | 22 May 13 |
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| Branch Supervision Administrator | TIAA-CREF Base Salary + Incentive | New York City, NY | 22 May 13 |
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Branch Supervision Administrator
| Sr. Communications Specialist, Enterprise Risk Management | AIG Negotiable | Queensbridge Houses, NY | 21 May 13 |
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AIG Enterprise Risk Management ("ERM") has an opportunity for a Senior Communications Specialist in New York. ...
| Implementation Consultant | Not Disclosed Competitive | New York City, NY | 21 May 13 |
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Leading Software Provider seeks Implementation Engineer to join pre-sales team - $140,000 basic
| MBS Quantitative Analyst | Comprehensive Recruiting Competitive compensation and benefit pac... | New York City, NY | 21 May 13 |
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Global financial firm is looking to add a Quant Analyst with previous MBS experience to their Quantitative Ris...
| Head of Risk Management | Twenty Recruitment Group - US Highly Competitive | New York City, NY | 21 May 13 |
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We are partnering with a global financial services firm who are seeking a Head of Risk Management for their N...
| Chief Risk Officer sought for Buy Side firm in New York | Selby Jennings $110000 - $150000 per annum, Benefits: U... | New York City, NY | 21 May 13 |
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- Very Senior Role for fast expanding Hedge Fund - New York | USA - Base salary - $110,000 -$150,000 + 100% b...
| Senior Market Risk for Fixed Income Rates Prop Trading | Halliwell Search LLC to $1.0 million | New York City, NY | 21 May 13 |
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Large and well established US Hedge Fund (Multi-strategy) in New York City, approximately 30 Billion + AUM is ...
| Risk Manager (Immediate Need) | Comprehensive Recruiting Outstanding compensation and benefit pac... | New York City, NY | 21 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...
| 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 | 21 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 | 21 May 13 |
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AVP, Credit Risk Strategist – Credit Research – Corporate, Sovereign, Municipal, High Yield, Real Estate –Cre...
| Vice President - Credit, Commercial Real Estate Lending | Morgan Stanley Competitive | New York City, NY | 21 May 13 |
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See job description for details
| Structured Credit Market Risk Associate | Morgan Stanley Competitive | New York City, NY | 21 May 13 |
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See job description for details
| Market Risk Model Review | Morgan Stanley Competitive | New York City, NY | 21 May 13 |
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See job description for details
| Project Finance - Credit Risk | BBVA Competitive | New York City, NY | 21 May 13 |
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Support the Global Risk Management Specialized Lending Team in the analysing, due diligence and credit approva...
| 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.
| 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.
| 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...
| 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...
| 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...