Senior Associate, Market Risk

he mission of this team is to effectively identify, measure, and oversee market, liquidity, and stress testing risks related to clearing and settlement operations. This role plays a critical part in managing risk for the organization, its members, and the broader financial market ecosystem, ensuring compliance with internal governance and regulatory requirements while providing assurance over essential risk functions.

Operating under the direction of senior management and the Board, the team is responsible for managing risk exposure within established risk tolerances. Close collaboration with other risk management teams ensures an integrated approach to risk, reinforcing the second line of defense.

Key Responsibilities:

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  Ensure adequate collateral is available to mitigate losses from member defaults under extreme scenarios, safeguarding the financial stability of clearing agencies and joint ventures.
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  Maintain liquidity resources sufficient to settle all transactions, even in the event of a failure by the largest member under severe conditions.
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  Continuously improve risk management policies, procedures, and processes to support robust member monitoring and effective responses to distress situations.
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  Oversee daily margin calculations and manage market and liquidity risks arising from trade execution and settlement within clearing corporations and depositories.
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  Lead new business initiatives, design risk systems, and drive continuous enhancements while ensuring compliance with organizational risk policies and procedures.
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  Collaborate with teams across the organization to identify, assess, and mitigate financial risks, ensuring the protection of the financial markets.

Specific Duties:

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  Monitor market risk exposures, liquidity needs, and settlement obligations of members to proactively mitigate risks as they arise.
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  Track economic trends and market conditions to predict potential risks and their impact on margin requirements.
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  Follow established procedures to manage risk, identify emerging threats, and escalate issues when necessary, demonstrating strong ethical standards.
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  Perform daily operational tasks, such as analyzing margin increases, monitoring trading activity, and assessing liquidity utilization.
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  Develop a thorough understanding of clients' business and risk profiles to provide expert guidance and support on risk management matters.
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  Work with cross-functional teams, including Credit Risk, Liquidity Risk, and Operations, to strengthen overall risk management practices.
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  Educate clients on available risk management tools and initiatives.
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  Ensure that risk controls are integrated into daily operations, escalating concerns as needed.