Broker/ Dealer Industry Risk Specialist

Ettain Group
Washington, DC
Aug 02, 2018
Aug 16, 2018
Accountant, IT
Full Time
Job Title: Broker/ Dealer Industry Risk Specialist Location: Washington, DC Industry: Financial Industry Terms: Contract-to-Hire Job Title Job Summary: The primary function of this Risk Specialist position is to liaise between the Office of Risk and main regulatory units to build and execute broker/dealer and capital market industry risk analyses and reviews which support and enhance regulatory unit risk-based supervision. The function encompasses the execution of research, analyses, and projects aiming at enhancing the understanding of membership business models, risks, and controls, with a specific focus on trading, clearing, and settlement operations, as well as broader brokerage and investment banking/research activities. Job Title Job Responsibilities: Analyze internal and external data sources to identify strategic and operational issues in the brokerage and investment banking industry, and articulate how they affect the level of risk in the industry. Further elevate the Office of Risk understanding of the strategy, execution and reporting of broker/dealer activities and their risks and controls. Understand broker/dealer institutions, focusing upon the key challenges posed by factors such as market changes, profitability pressure, customer base changes, and shifting regulatory environment. Perform analysis and reviews that assess changes in the level of risk in the broker/dealer and investment banking industry based on the issues and challenges observed and translate them into actionable, tool-based, inputs to surveillance and examination staff. Apply and extend working knowledge of the Capital Markets industry and/or the functional areas they serve Gain an understanding of market regulation surveillance and examination business processes deployed to prevent and detect risks threatening investors and market integrity. Support the design, development, and implementation of the annual Risk Control Assessment (RCA) membership survey as it concerns the collection of firm data and information related to their trading, execution, clearing, and settling activities. Link the collected information with other membership data available (such as revenue, account, position, transaction data) to design reports, analytics, and additional analyses to gain insight on the membership risks and related control environment. Provide subject matter expertise on trading operations concerning Equity, Fixed Income, and Structured Products to help identify liquidity, market, credit, and operational risks exposures arising from these operations. Stay current with and provide thought leadership in new risk monitoring and surveillance techniques. Engage team members and management to identify issues and problems and to devise solutions; includes working with other groups to develop risk scores, profiles, peer comparisons, financial performance metrics, exposures against limits, and other risk analyses. Propose improvements to surveillance and examination programs to allocate proportional resource time to riskier areas. Review and propose modification to current cycle exam selection program based on discussions with the Office of Risk and Market Regulation. Take into account concerns raised by the SEC. Develop other solutions leveraging internal and external data sources, as well as soliciting inputs from stakeholders. Job Title Job Requirements: Previous employment in the financial services industry or management consulting industry (preferably financial services practice areas) with experience in one or more of the following areas: securities, commodities or banking risk management and regulatory compliance and/or securities or commodities futures trading with experience in: options, analytical research, varied trading floor operations, back-office, or retail securities/Series 7 experience. Having gained initial experience in one or more of the following domains: wealth management, asset management, trading & post trade services Bachelor's degree in economics, finance, business, management science, or risk management, and a minimum of seven years of directly related risk management experience is required. Graduate or advanced degree is highly desirable. Working knowledge of securities and derivatives markets, combined with a good working knowledge of the financial analysis and securities pricing. Work experience in the equities or options or fixed income area is preferred. Exposure to Risk and Business Intelligence analytics and reporting tools, Visual Analytics (Tableau or similar software) a plus. Competent in data analysis and discovery using large data sets, ideally running SQL code and statistical languages such as R to assess, clean, validate, and analyze data patterns and related trends. Strong proficiency in Microsoft Office suite. Experience using project management tools to drive results. Excellent written and verbal communication skills. Strong analytical, critical thinking and decision-making skills. Frequently Asked Questions: Benefits? Yes, provided by ettain group Remote Workers? Not eligible, must work onsite with the team Visa Sponsorship? Not offered Corp-to-Corp? Not eligible

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