Senior Director, Risk Modeling in Fort Lauderdale, FL at TradeStation

Date Posted: 9/13/2018

Job Snapshot

Job Description

Senior Director, Risk Modeling
Plantation, FL or Chicago, IL
 
The Senior Director of Risk Modeling will apply their knowledge of financial products and markets to develop a quantitative framework for measuring and managing risk across the firm including the quantification, analysis, and reporting of financial risks. This includes but is not limited to market, credit, compliance, fraud, and liquidity risk modeling. Additionally, this role will be responsible for partnering with internal business units including technology and product management in the development of a risk data infrastructure to support risk modeling and risk assessment efforts.  The Senior Director will ensure that risk exposure and concentrations are identified and understood, that the risk profile is in line with the firm's risk appetite, and that non-standard risks and risk representation issues are adequately addressed.
 
ESSENTIAL JOB FUNCTIONS:
  • Design and implement daily security, portfolio, and firm level stress testing models including equity, single and multi-asset option, and futures risk models
  • Support risk control efforts through the design and/or programing of analytical tools used for risk mitigation activities
  • Improve risk transparency across the firm through the development of key risk metrics and management reporting
  • Design, monitor, and report on key risk metrics related to client margin accounts
  • Design, monitor, and report on credit risk exposure due to broad market scenarios, idiosyncratic security events, and ad-hoc market/sector scenarios
  • Assume ad hoc responsibilities, as needed

KNOWLEDGE, SKILLS & ABILITIES:                                                                                                                 
  • Excellent trading product knowledge including equities, equity options, fixed income, futures, and futures options
  • Experience managing, organizing, and structuring complex data for use in analytics across risk functions
  • Programming skills in statistical packages such as R, Python, SAS, Java, C#, VBA, and database systems such as IBM Netezza
  • Experience utilizing complex statistical and numerical analysis techniques such as Monte Carlo, PCA/ICA, VaR, custom distribution fitting
  • Excellent communication and technical writing skills
  • Ability to work effectively, both independently and as a member of a team

EDUCATION & EXPERIENCE:                                                                                                                    
  • Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline required; 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree
  • 10+ years related quantitative analysis experience in a discipline relevant to risk management to include statistical analysis, modeling, mathematics or other quantitative discipline; or an advanced degree/designation in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline and 4+ years of work experience in a quantitative discipline relevant to risk management
  • MBA and/or Financial Risk Management (FRM) designation preferred
  • 10+ years of experience in the financial services/markets industry