Head of Market Risk (1979)

Aramco Services Company • Houston, TX • 19h ago

JOB DESCRIPTION SUMMARY:

Lead the strategic direction and execution of risk management activities, ensuring alignment with organizational objectives and regulatory requirements. Direct the development and implementation of risk management frameworks, oversee the monitoring of risk exposures, and provide expert guidance on risk mitigation strategies. Collaborate with internal stakeholders to drive a culture of risk awareness and continuous improvement, fostering effective risk management practices across the organization.

KEY DUTIES and RESPONSIBILITIES:

Risk Management Strategy and Oversight

Lead the development and execution of the risk management strategy for ATC, ensuring alignment with organizational objectives and regulatory requirements.

Oversee the design and implementation of risk management frameworks, policies, and procedures tailored to the unique needs of trading floors.

Risk Monitoring and Analysis

Monitor and analyze market and credit risks, including stress testing, exposure limits, and value at risk (VaR).

Provide timely insights and recommendations to senior management based on the analysis of market and credit risks.

Conduct comprehensive risk assessments to evaluate potential impacts on financial performance.

Perform scenario analyses to assess the potential effects of various risk scenarios on strategic initiatives.

Team Leadership and Development

Provide leadership and direction to the risk management team, fostering a collaborative and high-performing culture.

Promote professional development and continuous learning opportunities for team members, including Associate Risk Analysts, Risk Analysts, and Senior Risk Analysts.

Stakeholder Engagement and Communication

Act as the primary liaison for risk management matters, collaborating with internal stakeholders such as executive management and trading desks.

Communicate risk management strategies and findings effectively to senior management and external stakeholders as necessary.

Risk Mitigation and Control

Develop and implement risk mitigation strategies and controls to address identified risks, ensuring compliance with risk limits and regulatory requirements.

Proactively identify emerging risks and recommend appropriate measures to safeguard the company's assets and reputation.

Risk Management Framework Development

Develop and enhance risk management frameworks, methodologies, and tools specific to market and credit risks.

Design stress testing scenarios and methodologies tailored to trading floor operations, ensuring comprehensive coverage of potential risk scenarios.

Advanced Risk Modeling

Utilize sophisticated quantitative techniques to model market and credit risk exposures, including advanced stress testing models and value at risk (VaR) calculations.

Evaluate exposure limits and develop risk metrics customized for trading floor activities, incorporating factors such as volatility, correlation, and liquidity constraints.

COMMUNICATION:

Internal Communication:

Lead collaboration with trading desks and risk management teams to discuss risk assessment findings and mitigation strategies.

Collaborate with senior management and department heads to align market risk management strategies with overall business objectives.

Provide regular updates and reports to senior management regarding market risk exposures and mitigation measures.

Engage in cross-functional meetings with finance, compliance, and operations teams to align risk management strategies with organizational goals.

External Communication:

Liaise with regulatory authorities to ensure compliance with market risk regulations and reporting requirements.

Communicate with external auditors and consultants to provide information and insights on market risk management practices.

Collaborate with industry peers and participate in market forums to stay informed about emerging trends and best practices in market risk management.

JOB REQUIREMENTS:

Education Skills (Required, Preferred)

Required:

Bachelor's degree in finance, economics, mathematics, or a related field.

Proficiency in risk management software and tools.

Strong analytical skills with the ability to interpret complex financial data.

Excellent communication and presentation skills.

Preferred:

Professional certification such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager).

Advanced proficiency in statistical analysis software (e.g., R, Python).

Experience with derivative pricing models and valuation methodologies.

Abilities and Specific Requirements (Required, Preferred)

Required:

Strong leadership skills with the ability to motivate and mentor team members.

Excellent problem-solving abilities and decision-making skills.

Capacity to work under pressure and meet tight deadlines in a fast-paced trading environment.

Sound judgment and risk awareness to make informed decisions.

Preferred:

Strategic thinking and ability to anticipate market trends and risks.

Effective stakeholder management skills with the ability to build relationships across the organization.

Adaptability and willingness to embrace change in response to evolving market conditions.

NO THIRD-PARTY CANDIDATES ACCEPTED

Similar Jobs

Commercial Concrete Foreman

Carrier Mausoleums Construction • Full-time • Houston, Texas, United States • $100k - $120k / year • 3w ago

Trucking & Construction Construction Manager Construction Operations Leadership

The Company... Carrier Mausoleums Construction U.S.A. , Inc. (CMC USA) is a Canadian/American construction company renowned for delivering unique, high-quality projects across North America. For over 40 years, CMC has se...

3w ago

Go to Apply

Manufacturing Engineer - Electromechanical Assembly

Applied Engineering • Cypress, TX • 4h ago

IT & Engineering

COMPANY OVERVIEW Manufacturing Engineer - Electromechanical Assembly | Cypress, TX Applied Engineering, Inc. is seeking a motivated and hardworking individual to join our team in Houston, TX as a Manufacturing Engineer -...

4h ago

Go to Apply

SAP Manufacturing Senior Manager

PwC • Houston, TX • 4h ago

Management & Administrative

Specialty/Competency: SAP Industry/Sector: Not Applicable Time Type: Full time Travel Requirements: Up to 80% The Opportunity As a SAP Manufacturing Senior Manager, you will specialize in providing consulting services fo...

4h ago

Go to Apply

Light Industrial Talent Community - Warehouse, Production, Manufacturing

Staff Management | SMX • Houston, TX • 4h ago

Legal & Paralegal

With Staff Management | SMX, you'll get a weekly paycheck, learn new skills, meet new people, and work with a great management team in a clean and safe environment. Join Our Light Industrial Talent Community! Provide us...

4h ago

Go to Apply

Manufacturing Engineer - Power & Transformer Systems

Applied Engineering • Cypress, TX • 4h ago

IT & Engineering

COMPANY OVERVIEW Manufacturing Engineer - Power & Transformer Systems | Cypress, TX Applied Engineering, Inc. is seeking a motivated and hardworking individual to join our team in Cypress, TX as a Manufacturing Engin...

4h ago

Go to Apply

Lobby Attendant

Crescent Hotels and Resorts • Houston, TX • 6h ago

Retail & Hospitality

Description Essential Duties and Responsibilities Maintain the cleanliness and appearance of the hotel lobby, entrance, hallways, elevators, public restrooms, meeting spaces, and other public areas. Regularly inspect pub...

6h ago

Go to Apply

Guest Room Attendant

Crescent Hotels and Resorts • Houston, TX • 6h ago

Retail & Hospitality

Description Blossom Hotel is Houston's newest and most distinctive luxury destination for business and leisure. Located steps from the nations largest medical and research community at Texas Medical Center, near NRG Stad...

6h ago

Go to Apply

(Part-time 12-4pm )Warehouse Associate

Kelly Services • Stafford, TX • 7h ago

Manufacturing & Warehouse

Part-Time Warehouse Associate (Inventory Worker) Location: Stafford, TX 77477 Shift: 1st Shift (Part-Time, 12:00 PM - 4:00 PM) Pay Rate: $19.00 / hour Job Type: Full-Time / Consistent Part-Time Hours Position Overview We...

7h ago

Go to Apply

22 Professional EN Mechanical

Bechtel Corporation • Houston, TX • 7h ago

Manufacturing & Warehouse

Requisition ID: 296232 Relocation Authorized: National - Family Telework Type: Full-Time Office/Project Work Location: Houston, TX Extraordinary teams building inspiring projects: Since 1898, we have helped customers com...

7h ago

Go to Apply

Account Manager II, Aon Natural Resources - Hybrid/Houston, TX

AON • Houston, TX • 7h ago

Management & Administrative

Considering a job change? Take a look at Aon! Our Natural Resources team in Houston is seeking an Account Manager to support our clients in the dynamic Energy and Natural Resources sector. This is a hybrid role based out...

7h ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)