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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.

Candidates will be responsible for following the client's COVID-19 protocols. Please refer to your MATRIX representative for specifics.

About Us

At MATRIX, we expertly match talented professionals with job opportunities to elevate careers. Since 1983, we have placed thousands of professionals at innovative clients across every industry ranging from small startups to Fortune 50 companies. It’s why we’re consistently in the top 25 of all U.S. IT staffing firms and why our consultants rate us well above the industry average, earning us ClearlyRated's Best of Staffing awards year after year. People come to us for a job, and stay with us because of our top-notch consultant care.

MATRIX is and Equal Employment Opportunity employer including disability and veteran and provides reasonable accommodations for all qualified individuals.  Supporting medical or religious documentation will be required where applicable. If you are a qualified individual you may request a reasonable accommodation under the American Disability Act (ADA). If you are a person with a disability needing assistance applying, or at any point in the hiring process, please email us at MATRIX_HR@MatrixRes.com. To ensure a quick response to your request, please use the words “Accommodation request” as the subject line of your email.

For hourly W2 contract roles MATRIX offers a highly competitive benefit package including Medical, Dental, Vision, Life, Disability, HSA, and 401(k) with pre and post-tax options.  Please see MatrixRes.com/Benefits for more information.

For direct hire placement with our clients, benefits would be offered in accordance with that particular client’s offerings. This may include PTO, Medical, Dental, Vision, 401K and other pre and post-tax options.