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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| AVP Equity Derivatives Valuations | Ashton Lane Group, Inc Excellent Base & Bonus | New York, NY, 10001 | 24 May 12 |
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Providing the independent price verification for Exotic Equity Derivatives within a global investment bank
| Senior Weather Risk Analyst | Ashton Lane Group, Inc Excellent Base & Bonus | New York, NY, 10001 | 24 May 12 |
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Responsible for quantitative risk analysis for a boutique financial firm.
| Associate Prime Brokerage Risk | Ashton Lane Group, Inc Excellent base & Bonus | New York, NY, 10001 | 24 May 12 |
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Quantitative risk management within the prime brokerage business of an investment bank
| VP Prime Brokerage Business Unit Risk | Ashton Lane Group, Inc Competitive Base & Bonus | New York, NY, 10001 | 24 May 12 |
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Market / Credit Risk management within the prime brokerage business of an investment bank
| VP - Oil & Gas Structured Finance Credit Risk - Houston | Ashton Lane Group, Inc Competitive Base & Bonus | New York, NY, 10001 | 24 May 12 |
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Managing an oil & gas commodity loan portfolio of a global investment bank. Position is located in Houston.
| Director Prime Brokerage Client Risk | Ashton Lane Group, Inc Competitive Base & Bonus | New York, NY, 10001 | 24 May 12 |
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Market / Credit Risk management within the prime brokerage business of an investment bank
| Vice President - Market Risk Regulatory Capital | Ashton Lane Group, Inc Competitive Base & Bonus | New York, NY, 10001 | 24 May 12 |
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Risk management regulatory policy oversight for a global investment bank
| Senior Credit Risk Quant – Wholesale / Retail Credit Risk - - Leading Investment Bank - New York, NY & Boston, MA | GQR Global Markets Up to 135,000 – 170,000 USD (DOE) + very... | New York, NY, 10001 | 24 May 12 |
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This leading Investment Bank is expanding heavily and expanding its Wholesale and Retail Credit Risk team by a...
| Top Investment Bank Seeking Senior Counterparty Credit Risk Analyst for Global Markets Portfolio Manager Position - New York | Selby Jennings $110-140k Base Salary (with on top bonus... | New York, NY, 10001 | 24 May 12 |
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This Banks Global Markets group is seeking an Experienced Counterparty Credit Risk Analyst to take on a Strate...
| VP - High Net Worth Credit Risk Analyst | Morgan Stanley not disclosed | New York, NY | 24 May 12 |
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See job description below
| Quantitative Exposure Management Credit Risk VP for Leading US Tier 1 Investment Bank | Selby Jennings QRF Above market value | New York, NY, 10001 | 24 May 12 |
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Brief Description
| Top Investment Bank - Equity Market Risk Manager - NYC | Huxley US$120000 - US$170000 per hour | New York, NY, 10001 | 23 May 12 |
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This Front Office facing group is looking for an Equity Market Risk Manager to join exciting team.
| Risk Analyst / Valuation - FX, IR, Corp & Conv Bonds | Comprehensive Recruiting Outstanding compensation and benfit plan... | New York City, NY | 23 May 12 |
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Manhattan based financial firm is looking to add a Risk Analyst with experience within client valuations.
| Equities Market Risk Manager | Twenty Recruitment Group High competitive compensation package | New York, NY, 10036 | 23 May 12 |
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Our client is a multi-billion dollar hedge fund. They are currently seeking a top flight Market Risk Manager i...
| Head of global risk – Highly Successful Quantitative US hedge fund seeks a Senior Multi Asset Class Risk Manager – New York based | Capital Chase Very competitive | New York, NY, 10001 | 23 May 12 |
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Head of global risk – Highly Successful Quantitative US hedge fund seeks a Senior Multi Asset Class Risk Manag...
| Senior Valuation / Director | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 23 May 12 |
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Global financial firm in New York City is looking to add a Director level member to their Valuation and Pricin...
| Quant Developer - Credit | Cara Resources 250k+ | New York, NY | 23 May 12 |
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Quant Developer - Credit needed for a challenging position with a large financial institution in NYC.
| Market Risk Quant- NY | Not Disclosed $150k basic salary, plus annual bonus | New York, NY | 23 May 12 |
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Major Investment Bank seeks experienced Market Risk professional with a PhD and strong quantitative background...
| Top Performing Hedge Fund in New York Requires Credit Focused Candidates in Market Risk | Selby Jennings Risk Team Base salary - $250,000 - $300,000 total... | New York, NY, 10001 | 23 May 12 |
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• Senior Risk Specialist | Hedge Fund – traded credit • New York • Base salary - $250,000 - $300,000 total c...
| Senior Associate Quantitative Strategist, Trading Desk Quant Analyst, C++ Specialist, Multiple Asset Classes, Major Investment Bank, NYC | The Polaris Group Very competitive (Base / Bonus) | New York, NY | 23 May 12 |
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A major investment bank in NYC is seeking several Quant Trading Strategists in the following asset classes: St...
| Vice President Quantitative Strategist, Trading Desk Quant Analyst, C++ Specialist, Multiple Asset Classes, Major Investment Bank, NYC | The Polaris Group Highly Competitive (Base / Bonus) | New York, NY | 23 May 12 |
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A major investment bank in NYC is seeking several Vice President Quant Trading Strategists in the following as...
| Director, Senior Risk Officer, Liability and Risk Valuation, Asset / Liability Management, Quantitative / Analytical Specialist, NYC | The Polaris Group Highly Competitive | New York, NY | 23 May 12 |
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A global financial is seeking a Director, Senior Risk Manager to support firmwide initiatives to develop liabi...
| VP Risk and Control Manager | The Forum Group Base and Bonus | Manhattan, NY, 10167 | 23 May 12 |
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Operational Risk Control-Investment Banking Equity, Cash, Derivatives, Structured Products
| Credit Risk Capital- VP | Not Disclosed $175,000 Basic Salary, plus bonus | Manhattan, NY | 23 May 12 |
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Develop Credit Risk Models for the portfolio, conduct stress tests, and monitor internal models and processes ...
| VP Operational Risk – Capital Markets Front Office | Hudson Banking Competitive + 10-20% bonus + benefits | New York, NY, 10001 | 23 May 12 |
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My client is a large global banking institution that provides capital markets, investment banking, commercial ...
| Application Support Analyst | Markit Commensurate with experience | New York, NY, 10018 | 23 May 12 |
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MarkitSERV is seeking an experienced Application Support professional to join the Engineering Services Team. T...
| Information Security Analyst | Markit Commensurate with Experience | New York, NY, 10018 | 23 May 12 |
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This person will report to the Global Head of Business Continuity and Information Security and help support Ma...
| Principal Auditor - Credit & Operational Risk/AVP or VP | Deutsche Bank competitive | Manhattan, NY, 10005 | 22 May 12 |
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Deutsche Bank "Best Global Investment Bank 2010" A Passion to Perform. It's what drives us. More than a cl...
| Quantitative Analyst | Comprehensive Recruiting Outstanding compensation and benefit pla... | New York City, NY | 22 May 12 |
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Global NY based financial firm needs to add a mid-level and senior level Quant Analyst. The mid level Quant sh...
| Quantitative research | Focus Capital Markets 150,000-300,000 | New York, NY, 10001 | 22 May 12 |
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Ascertain Risk of complex derivative transactions across multiple asset classes particularly involving sensiti...