Requisition ID: 270863
Trade Floor Risk Management (TFRM) is an independent arm of the bank that provides market risk oversight for the bank's trading, balance sheet and liquidity management activities. It ensures that these activities are in line with bank's risk appetite by producing detailed and regular risk reports and analysis, designing and monitoring limits, by maintaining an active dialogue with the business units and, when required, escalating concerns to appropriate levels of management. TFRM is responsible for validating regulatory metrics such as those produced as per the Volcker Rule. It is also responsible for formulating valuation and market risk management policies and is a key stakeholder in monthly/quarterly/yearly valuation processes.
The TFRM Rates team oversees the interest rates businesses within Global Banking and Markets (GBM) which includes the market making desk in Toronto for USD and CAD interest rate swaps and the Canada bond dealer. The team also works closely with other relevant teams such as the one covering Collateral Management and Funding (CMF), XVA and TFRM teams at other international locations - namely New York, London and Singapore.
Is this role right for you? In this role, you will:- Oversee market risk exposures for covered businesses and communicate to TFRM management on trading risks, trader sentiment and market conditions. Help ensure adherence with Bank's risk appetite and the business' mandate. Review daily P&L, risk and limit reports, and engage in discussions with the global team and trading management as appropriate.
- Engage trading groups in a proactive manner to promote open communication between risk and trading.
- Review new product proposals and make recommendations to TFRM management on limit change requests.
- Communicate regularly with TFRM management on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with other Bank and GRM stakeholders to achieve common objectives.
- Participate in external and internal audits and resolution of findings and participate in key regulatory initiatives (e.g. FRTB)
- Participate in enhancement / upgrade of production and risk systems as needed (i.e. Qlikview, Tableau etc.)
This is an excellent role for a highly motivated individual aspiring to consolidate a career in market risk management. The successful candidate will have opportunity to deepen her understanding of fixed income instruments, interest rate derivatives and associated products and market risk arising from trading the same.
Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:- Quantitative undergraduate degree (e.g. finance, mathematics, statistics, engineering) plus Masters preferred (e.g. MFE, MMF, or MBA).
- Progress towards or completion of FRM/PRM/CFA is an asset.
- Excellent programming skills, e.g. VBA, Python, MATLAB.
- On-the-job experience that is relevant for this role is an asset.
- Strong understanding of market risk principles related to fixed income and derivative products as well as secured financing transactions.
- Good understanding of capital markets and interest in keeping abreast of related current events.
- Familiarity with risk measurement concepts such as VaR, Stressed VaR, DV01 etc.
- Excellent work ethic and communication skills suited for a fast-paced trade floor environment.
- Ability to manage projects independently while collaborating with different stakeholders.
- Solid technical skills to maintain and build processes for reporting and stress testing.
- Ability to work with databases and business intelligence tools.
What's in it for you?• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.
Location(s): Canada : Ontario : Toronto
