Senior Market Risk Manager

U.S. Bancorp
New York
Workplace: OnsiteFull timeUSD 170,255 - 200,300 annuallyFunction: Legal, Risk & ComplianceExperience: 10+ yearsEducation: mastersSkills: ["Analytical","Problem-solving","Communication","Presentation","Independent work"]

Oversee independent measurement and monitoring of market risk across equity derivatives trading activities. Review daily VaR, stress VaR, Greeks, P&L, concentration, liquidity, and limit utilization to identify risk changes and support governance. Perform analytics and model monitoring/back-testing for equity options, swaps, volatility products, convertibles, structured equity products, and ETFs. Partner across Front Office, Quant, Model Risk Governance, Finance, Technology, and Operations to resolve data/model issues and produce committee and regulatory reporting materials.

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U.S. Bancorp
U.S. Bancorp
3 days ago

Senior Market Risk Manager

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Last checked: 1 day agoStatus: Live

Job Summary

Oversee independent measurement and monitoring of market risk across equity derivatives trading activities. Review daily VaR, stress VaR, Greeks, P&L, concentration, liquidity, and limit utilization to identify risk changes and support governance. Perform analytics and model monitoring/back-testing for equity options, swaps, volatility products, convertibles, structured equity products, and ETFs. Partner across Front Office, Quant, Model Risk Governance, Finance, Technology, and Operations to resolve data/model issues and produce committee and regulatory reporting materials.
Location: New York
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Sr. Manager level

Key Responsibilities

  • •Provide independent market risk oversight for equity derivatives portfolios, including listed and OTC options, equity swaps, volatility products, convertibles, structured equity products, ETF creation/redemption, ADRs, and hedging activity.
  • •Review daily market risk metrics such as VaR, Stress VaR, sensitivities/Greeks, P&L, concentration, liquidity, and limit utilization to detect changes in risk profile and portfolio strategy.
  • •Support VaR, stress testing, scenario analysis, and other market risk measurement methodologies, including design, implementation, testing, validation, and ongoing monitoring.
  • •Perform model monitoring, back-testing, benchmarking, P-value/sensitivity testing, and outcomes analysis to assess model performance and continued suitability.
  • •Prepare risk commentary and governance materials for senior management, committees, regulators, audit teams, and oversight stakeholders; also support new product/model change assessments and control documentation.

Pay and Benefits

Salary: USD 170,255 - 200,300 annually
Perks:Health InsuranceDentalVisionLife InsuranceDisabilityParental Leave401kPaid LeaveAdoption Assistance

Key Requirements

  • •At least 10 years of relevant financial industry experience in Market Risk Management, quantitative risk analytics, trading risk oversight, or a related capital markets risk function.
  • •Deep knowledge of equity derivatives products, including listed and OTC equity options, equity swaps, volatility products, convertibles, structured equity products, ETF creation/redemption, ADRs, and hedging strategies.
  • •Master’s degree in Mathematics, Quantitative Finance, Financial Engineering, Statistics, or a closely related quantitative discipline.
  • •Proficiency with Excel, VBA, SQL, Python, or similar analytical tools for risk analysis, automation, and data validation.
  • •Experience with market risk systems and regulatory capital reporting processes, including model monitoring and regulatory reporting activities.
Experience:10+ yearsCapital marketsMarket riskEquity derivativesQuantitative risk analyticsModel risk
Education:Master's
Skills:AnalyticalProblem-solvingCommunicationPresentationIndependent work
Tech Stack:ExcelVBASQLPythonMSCI RiskMetricsBloombergWall Street Systems (WSS)FidesaCalypso

Company Brief

U.S. Bancorp
U.S. Bancorp is the parent company of U.S. Bank, providing consumer, business, and institutional banking services including lending, payments, treasury management, wealth management, and merchant solutions across the United States.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Minneapolis, United States
Founded: 1863
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