Job Summary

The Private Bank’s global cross‑asset OTC Derivatives and Structured Products business is a microcosm of the Investment Bank’s Markets trading business, with several specialist trading sub-businesses and coverage for a diverse array of products include complex/exotic and bespoke offerings, meeting the needs of a broad private banking client base. Supporting client derivatives trading and structured solutions activity it faces market risk and counterparty credit risk, alongside specific private banking client dynamics, such as esoteric margining & collateral scenarios and potential for wrong-way, concentrated or correlated risk positioning.

As a Derivatives Risk Management, Vice President (VP), you will lead first-line Derivatives risk management for the Private Bank’s global cross‑asset OTC Derivatives and Structured Products business.

The role is a first-line risk management position embedded in the business. It provides business-aligned risk decision support, trade risk modelling/pricing, control, monitoring and escalation, and partners closely with independent risk and control functions. The role strengthens the business’ first-line risk capability and ensures robust engagement, mitigation and governance outcomes.

The role is expected to be hands‑on (Risk modelling, analytics, triage, MI) as well as able to distil complex topics into insightful & impactful materials for senior stakeholders and governance forums. 

Job responsibilities:

• Risk Roadmap Ownership: Define and drive the roadmap to refine the risk analytics tooling & metrics strategic platforms.

• Risk Tooling: Requires a hands-on approach to developing and supporting front office tools for modelling, pricing and analyzing various risks across the MR and CR domains; achieving trade & portfolio-level risk metrics for both the business, bank and our clients.

• Risk Platforms Transformation: Drive deeper integration with CIB risk platforms to leverage scale. A change champion for the integration, scalability and availability of risk calculations and information delivery to the business and partner functions.

• Risk Frameworks & Governance: Enhance the market and credit risk frameworks for sophisticated controls in a growing, complex Derivatives business and risk portfolio. Delivering Risk controls approaches, assessments & information MI/reporting/platforms to support senior decision makers.

• Strategic Partnership: Lead high-level relationships across the Private Bank stakeholders and CIB Markets & Risk teams. You will align stakeholders across divisions, functions, and Tech to turn complex risk scenarios and differing user needs into integrated risk platform solutions. 

• Markets‑facing and partnering closely with Solutions/Trading, Sales/Advisors, and global functional stakeholders to strengthen Market Risk and Credit/CCR risk decision support. Maturing the Private Bank’s risk operating model and tooling, including potential integrations with Investment Bank platforms and/or external vendors.

Required qualifications, capabilities and skills:

• Minimum 5 years’ experience in Derivatives risk management, Markets, or related front‑office/risk roles with strong technical fluency of x‑asset OTC Derivatives and Structured Products (including exotics and lifecycle events).

• Strong working expertise with market risk drivers; ability to interpret, explain and challenge analytics outputs (e.g. the Greeks, VaR, concentration, correlation, liquidity, stress scenarios)

• Strong working knowledge of CCR fundamentals and exposure concepts (e.g., PFE, xVA, netting/CSA, dynamic margining/SIMM, collateral impacts, WWR) partnering effectively with specialist CIB Quant Risk teams and translating risk implications & impacts to senior stakeholders and decision forums.

• Demonstrated ability to operate at both hands‑on and strategic levels: trading desk support, triage and solving or MR/CR issues, while also setting direction, governance and controls.

• Strong stakeholder management and communication skills; able to produce impactful materials and drive alignment across functions.

Preferred qualifications, capabilities and skills:

• Experience developing, implementing or integrating risk tooling/platforms.
• Background in CCR, particularly xVA Risk Management.
• Exposure to dynamic margining methodologies (ISDA SIMM) and CSA / collateral optimization.
• Coding experience in Python, VB, SQL or equivalent analytical coding skills.
• Experience working with Private Bank / Wealth Management clients trading OTC Derivatives.