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Risk Analyst

  • Location: New York, 10013
  • Salary: $50 - $54 / hour
  • Job Type:Contract

Posted 16 days ago

Grow your career as a Risk Analyst with an innovative global bank in New York, NY. Long-term contract with excellent growth potential. Will be required to be onsite 2-3 days per week. Will be responsible for Volcker governance controls including ensuring the accuracy and completeness of Desk Mandate documents. Will act as an SME in respect to the Volcker Rule and ensure compliance with the relevant standards and procedures. Will review newly approved products to ensure they are appropriately scoped.

Responsibilities:
  • Partner with business, risk, finance, and legal stakeholders to monitor changes in business activity.
  • Assess any Volcker implications and support the business in ensuring Volcker compliance requirements are met on an ongoing basis. Key subject areas include Trading Desk Mandates and Volcker Metrics.
  • Partner with technology teams to develop sustainable solutions supporting the Volcker program including enhanced controls and streamlining/automation initiatives.
  • Coverage of specific desks leveraging the Risk Mitigating Hedging (RMH) exemption including:
    • Documentation and analysis of the desks hedging strategies alongside Market Risk Management (MRM)
    • Assessment of the effectiveness of the hedging program utilizing risk reporting tools.
    • Quarterly review and assessment with business Senior Management and MRM.
  • Variety of project work including:
    • Assisting in the response to regulatory examinations and queries from Regulators.
    • Assisting the ICG business and other stakeholders in managing updates to their Volcker hierarchy including desk splits, mergers, and closures.
    • Testing and validation of system improvements.
    • Design and implementation of controls.
    • Partnering with audit and independent control teams to ensure compliance to the Volcker Rule.
 
Qualifications:
 
  • Experience with regulatory rules.
  • Prefer experience in delivering regulatory initiatives.
  • Analytical and/or project management background.
  • Familiarity with MS Office suite.
  • Strong verbal and written communications skills to produce documentation and communicate with Senior Management.

About our client

Our client stands as one of the world's most renowned global banks and trusted brand with over 200 years of continuously evolving financial services. Its teams provide unique insights to more than 200 million clients and enable progress all over the world. While growing your career, you will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.