X-Asset Business Manager - New York in New York, NY

The OTC derivatives group within the world leading organisation are seeing experienced cross-asset derivatives portfolio risk management specialists with in-depth knowledge or market Practices to move into an exciting new business management role.You will be joining a rapidly expanding specialised area of the company focused on enhancing the companies Multi-Asset Derivatives risk management and scenario analysis tools.This role presents the opportunity to help define the future of cross-asset risk and scenario analysis by helping to oversee, supervise and dictate the design of a cross-asset platform unencumbered by the limitations of traditional asset-class channelled revenue generation and internal political boundaries. This platform will form the centerpiece for the entire OTC Derivatives offering and be closely integrated with asset specific functionality as well as the market data archive and distribution systems and Back End computing architecture for seamless delivery through the terminal to the full spectrum of clients which use derivatives across the globe.The Successful candidate is likely to have previously worked in a senior risk management or director position within the financial services, preferably within the investment or corporate banking arm of a trans-national bank or within the asset management arm of a large multi-national institutional investment business, and will have in-depth experience with the nuances of measuring and aggregating risk and carrying out scenario analysis on portfolios containing derivatives in more than one of the following asset classes: interest rates, inflation, credit, equities, foreign, exchange and commodities.Familiarity with the technical difficulties, good market practice and the market data issues surrounding the generation of key-rat risk, parallel risk, curve risk, bucketed risk, credit-adjusted valuation, correlation risk, counterparty risk, model risk, liquidity risk, value-at-risk, regulatory risk and stress testing in a single asset, loosely coupled multi-asset and tightly coupled multi-asset context is essential, particularly with regards to the detail of the methodology used for generating the sensitivities at trade level; scaling these using distributed computing and calibration caching technology to portfolios with trades of mixed complexity; aggregating risk factors and sensitivities; presenting reports in an easily navigable and concise manner; filtering and generating the market data for scenario and stress test generation, and ; dealing with trades which cross several asset classes. A working knowledge of the modelling issues and trade lifecycle associated with these asset classes is also essential and knowledge of structured notes and products is desirable. Any familiarity with rolling positions, funding, margin requirements, collateral assessment, trading and hedging methodologies, and back testing would be an added plus.The role requires extensive collaboration with specialized asset-class specific business managers as well as communicating at a technical level with R&D, system architects, quantitative analysts and developers, at a high level with application specialists, sales and marketing and more broadly with end users ranging from sell-side banks through intermediaries like prime brokers and right through to buy-side corporate and institutional investors with people across the knowledge spectrum. As such the candidate must possess excellent skills in verbal and written communication and presentation, project specification and business planning, time and priority management, milestone verification and project status reporting. This is an exceptional and rare role for an exceptional individual wanting to make a measurable and lasting impact to their own industry. To Apply to this job go to http://www.GadBall.com or click here