Market Risk Controller

Natixis S.A. New York , NY 10007

Posted 4 weeks ago

Market Risk Controller

Reference : NA01142

Publication date : 12/11/2019

Company : Natixis North America

Country : United States

Region : New York

Contract : Permanent

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Company Description

Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d'Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE's networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of 11.4 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor's: A+ / Moody's: A1 / Fitch Ratings: A+).

(1)Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in and including current financial year's earnings and accrued dividend (based on a 60% pay-out).

Figures as at 30 September 2019

Job Description

MARPL Market Activity Risk P&L and Liquidity Group provides independent oversight across the Americas Platform. The role which is part of the Risk Monitoring team (Forward and traded Risk monitoring) is to monitor and analyze various risks arising from market sentiment in general and volatility in particular on different asset classes with a major on Credit Markets (primary and secondary) so as to prevent trading, credit and counterparty losses. The role also involves, helping the group implement best in practice stress testing methodologies.

The group is led by the Head of MARPL Americas and covers Rate, Funding, Credit, Equity, FX & Commodities Risk Management, P&L as well as VaR production. The Market Risk Controller will be actively participating to the monitoring of the Market Risks associated with business lines that deal with a focus on Credit and Structured credit products both in the Primary and Secondary markets.

  • Produce required daily market risk reports.

  • Analyze, understand and comment the variations of the different risk indicators on a daily basis, provide comments on main P&L and risk evolutions as well as any noticeable events on a weekly and monthly basis on the activities he/she is primarily covering.

  • Perform key analysis of the structured credit Markets (but not only) in order to produce quarterly News Letters for Senior management.

  • Lead or participate to all projects related to the different business classes followed by the Market Risk team, ensuring timely implementation and global coordination.

  • Respond to FO requests for new business set-ups via NPC committee or through instruction of one-off requests.

  • Participate in helping to define local and HO Market Risk Committee support documents.

  • Interface with internal audit, HO inspection, multiple bank regulators (ECB, Federal Reserve, NY State), and following up on their recommendation.

  • Lead initiatives to support the development and maintenance of the US Risk Appetite framework.

  • Participate in the interpretation and implementation of new regulatory requirements

  • Maintain constant communication with the Front-Office and Market Risk Management both in NY and in Head Office.

  • The controller will also be required to be the back-up of other members of his/her team as well as participate to transverse projects.

Required Skills/Qualifications/Experience

  • Bachelor's degree required; Master's degree a plus

  • Minimum of 7-10 years working experience in the financial industry.

  • Strong knowledge of risks associated with Structured Credit Products especially CLOs, ABS, RMBS and CMBS ad well as advances knowledge in at least one other asset class (Equity, FX Rates, Commodities). Good hands on experience on pricing and valuation models.

  • Proficiency in programming (VBA/C sharp/SQL/Python)

  • Familiarity with risk analysis tools and methods such as Stress testing and VaR.

  • Ability to manipulate, analyze, summarize and present comprehensive memos for team members and all levels of management.

  • Strong analytic and problem-solving skills.

  • Must be able to work both independently and collaboratively in group on ad-hoc projects and meet deadlines.

  • Candidate will have the ability to communicate with all levels of management and employees.

  • Ability to take on a leadership role on the team by bringing a positive, motivating energy, being pro-active in presenting ideas for improvements of current processes and taking initiatives in consultation with his/her manager and the local Head of Market Risk.

  • Ability to think outside the box.

  • The ideal candidate is curious, eager to propose and implement positive change to processes, detail-oriented, self-starter and communicates easily and openly. This position requires being able to work as a team

  • Knowledge of Volcker and FRTB

  • Strong Proficiency in Excel, VBA and Python programming to maintain, improve and develop reporting tools.

  • Strong Proficiency in database programming (Access, SQL)

  • Knowledge of Intex is essential.

  • Knowledge of Summit and Polypath is a plus.

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Market Risk Controller

Natixis S.A.