Market Price Risk and Control Volcker Rule Office Consultant

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Job description

Market Price Risk and Control Volcker Rule Office Consultant

New York City, NY (Hybrid 3 Days Onsite)

12+ Months

Web Cam interview

$70/Hr on W2

Must haves:

3-10 years of experience.

Metrics

Controls framework

Hands on Jira

Trading platform and Dashboards

regulations

Market risk and controls

Price control

credit risk

Large Data sets

Banking Domain

Nice to have

Volcker Rule Office (VRO)

FRTB

Responsibilities:

The Volcker Rule Office (VRO) is first line function that manages our ongoing firm-wide compliance with the Volcker Rule.

Responsibilities include the design, operation and oversight of the central proprietary trading and covered fund control framework required to ensure has a reasonably designed program for compliance with the Volcker Rule.

Working closely with the businesses, ICRM, Legal, Finance and Risk, the team is responsible for the design and operation of key Volcker controls for the firm including, but not limited to, Reasonably Expected Near Term Demand (RENTD) analysis for limit setting, Trading Mandates, Risk Mitigating Hedging controls and Metrics reporting to the Volcker Regulators.

As a member of the Volcker Rule Office, you will deliver integrated solutions supporting global Volcker Rule compliance program, in line with regulatory expectations, and working closely with the front office, Independent Risk, Compliance and other functions.

Responsibilities and priorities will reflect needs of the organization and will evolve over time, however the following are some of the specific activities expected of this role:

Conduct daily Volcker controls monitoring. Investigate exceptions impacting desk's documented scope and deviations from permissible activities

Communicate and coordinate with various different stakeholders to ensure exceptions are remediated within established SLAs

Be the central point of contact for maintaining the hierarchy structure. Make updates to keep the structure aligned to finance updates or as required by business objectives.

Conduct monthly metrics reviews with various businesses. Document any outstanding issues and work with stakeholders for remediation

Perform semi-annual and annual processes ensuring the relevant procedures are being adhered to at all times

Perform ad-hoc requests for senior management including PowerPoint decks, data pulls, and Internal Audit (IA)/Regulatory requests

Identify, prioritize and proactively manage dependencies, risks, exceptions and issues

Partner with the wider Price Risk & Controls team to improve alignment of Volcker to FRTB requirements

Qualifications:

3-10 years of relevant experience

Hands-on experience in implementing structured business/operational processes and associated business requirements documentation

Understanding of global markets trading products (Fixed Income, Equity, Currencies & Commodities) and/or securities services (Prime, Collateral, Clearing, Custody, Fund Services)

Understanding of Front Office trading processes across the full trade lifecycle within a large bank/dealer

Experience with JIRA, Corporate Applications, and advanced Excel skills

Experience with Power Point and SharePoint

Comfort in working with large data sets

Experience Preferred

Analytical skills, strong attention to detail

Project management / business analysis skills; ability to gain consensus among staff and drive initiatives to completion effectively

Interpersonal, influencing and organizational skills

Verbal and written communication skills, to effectively produce documentation.

Ability to communicate complex technical issues to non-technical colleagues

Appropriate industry knowledge & delivery track record is preferred

Education:

Bachelor's/University degree

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