Market Risk Associate, CIO

About the Role

As a Market Risk Associate within the Chief Investment Office and Corporate Treasury business team, you will support Portfolio Managers to facilitate efficient risk/return decisions and reduce volatility in operating performance. You will help ensure the business market risk profile is transparent to senior management, the Board of Directors, and regulators. You will focus on fixed income markets and the corresponding retained portfolios managed within Chief Investment Office, Treasury and Corporate Risk, producing analytics and research-driven insights to inform investment and risk decisions.

Key Responsibilities

• Develop expertise in fixed income markets and Chief Investment Office, Treasury and Corporate Risk corresponding portfolios; produce bespoke analytics and apply research topics to the investment portfolio, pre-trade investment reviews, and limit updates.
• Highlight and discuss risk changes and top risks; present deep dives to Chief Investment Office, Treasury and Corporate Risk colleagues and senior risk management.
• Monitor market risk positions daily with the aim to identify material risk exposures and concentrations.
• Synthesize top-of-mind research topics relevant to the investment portfolios into analysis and special reports.
• Analyze macroeconomic variables and understand the impact to financial projections.
• Evaluate and implement updates to financial models used in market risk management, including challenging proposed methodology, performing impact assessments, and coordinating model implementation timelines.
• Drive efficiencies and process improvements and support technology initiatives.
• Improve risk transparency, methodologies, and reports by collaborating with quantitative teams on model results and implementation, such as Quantitative Research and the Model Review Group.
• Contribute to Chief Investment Office, Treasury and Corporate Risk standards and best practices by collaborating with other risk groups; represent Chief Investment Office, Treasury and Corporate Market Risk in related initiatives and ensure timely delivery of projects.
• Respond to urgent ad-hoc requests from senior risk management.

Requirements & Tech Stack

• Excel, VBA, and Bloomberg
• Experience with Value at Risk (VaR), stress testing, various return measures, and stress construction.
• Experience with core business and risk systems.

Qualifications

• 2+ years of experience in risk management and/or fixed income / securitized products.
• Understanding of fixed income markets with a particular focus on securitization products (CLOs, CMBS, ABS, RMBS).
• Understanding of the governance and controls surrounding risk monitoring.
• Excellent written and spoken communication skills with ability to explain technical concepts in practical terms.
• Demonstrated ability to work effectively and independently across different businesses and functional areas with thorough attention to detail in a high-pressure environment.
• Ability to challenge portfolio managers' market positions and views and help assess the best allocation of risk and capital to various positions and businesses.
• Self-motivated, diligent, strong sense of accountability, and good at following up on issues.
• Excellent academic record and an undergraduate degree.

Preferred Qualifications

• Advanced degree in finance or a related quantitative field.
• MBA from a top-tier school.
• Professional qualification in CFA or Accountancy.