- Measuring and reporting price and interest rate exposures that the Bank would experience under a variety of normal and extreme market conditions and across all asset and liability classes globally.
- Validating and approving pricing and valuation models for trading and investment positions, developing comprehensive recommendations based on the analysis of current business processes and systems.
- Advising on the modelling of complex securities transactions.
- Reporting market risk information to executive management, the Board of Directors and key external stakeholders.
- Participating in the evaluation and introduction of new products and businesses and the potential affect on the Banks market risk profile.
- Managing market risk limit parameters within systems, and ensuring the integrity of product / position pricing.
- Performing balance sheet risk modelling and recommending risk mitigation strategies.
- Independently confirming the effectiveness of risk, hedging and capital usage practices and recommending new measures and strategies to improve risk/reward profile.
- Ensuring regulatory compliance and disclosures concerning market risk management.
- Assisting with the development and implementation of the Enterprise Risk Management frameworks and reporting.
- Reporting to the Asset and Liability Committees with regard to the above-stated accountabilities.
- Sponsoring implementation of information systems and applications to enhance or automate processes, in accordance with market risk policy and strategy.
- Training, directing and developing Group Market Risk staff.
- Overseeing daily operations and acting as an internal consultant on derivative instrument and hedge accounting under U.S. GAAP.
- An advanced degree or professional accounting qualification (CA, CPA, CFA) plus six years relevant experience or equivalent; CFA or FRM designation strongly preferred.
- Experience in US GAAP for financial instruments including derivatives and hedging activities.
- In depth knowledge of market risk characteristics of trading, investment and hedging products.
- Excellent working knowledge of front, middle and back-office operations.
- Expertise in spreadsheet and database applications in solving complex problems.
- Experience in systems project sponsorship preferred.
- Ability to lead and motivate staff.
Vice President, Group Head of Market Risk - Hamilton, Canada - Butterfield Support Services
Description
Vice President, Group Head of Market Risk AprElevate your opportunities.
At Butterfield, we provide full-service community banking and specialised international financial services. Operating in multiple jurisdictions, we focus on results, value relationships, and celebrate success. If this sounds like your kind of company, then consider this opportunity to become part of a collaborative team of professionals at a world-leading, independent offshore bank and trust company.
Vice President, Group Head of Market Risk
This position reports to the Group Chief Risk Officer, and is responsible for independent market risk analysis and reporting at a Group level. Duties encompass custody of market risk management governance processes, as well as quantitative analyses and reporting of balance sheet risk, Treasurys P&L calculations and position tracking against limits, and risk management reporting for investment portfolio management.
Your responsibilities will include:
Your qualifications and skills include:
About the team
Butterfields Group Market Risk Management is a highly technical area aimed at managing Butterfields exposure to market risk. This team works to protect Butterfields performance and reputation by identifying, assessing and minimizing risk across our business. Our risk professionals analyse the impending risk and control exposure to market risk given our risk profile, so whether youre addressing the implication of an economic downturn or stress scenario, or giving leaders the advice they need to make informed decisions, Group Market Risk make a profound impact across the business.