Title: Structural Market Risk Oversight Manager
Duration: 6 Months (possibility of extension/ conversion)
Working hours: 9 AM – 5 PM CST
Working Location: Chicago, IL 60606 (Hybrid work requirements: 4 days a week in office)
 
Summary:

• The US regional banking crisis in 2023 has underscored the importance of ALM. In this role, you will be able to understand how the bank manages its interest rate risk and provide effective challenge to existing modelling assumptions and strategies.
• You will work closely with stakeholders across Risk and Finance and observe the connections between various Treasury Risk functions (ALM, Funds Transfer Pricing, Capital, Liquidity & Funding). The group focuses on interest rate risk, oversees corporate treasury, and functions as second line oversight.

Team Structure: Highly collaborative work, team of 10
 
Role Responsibilities:
• Analyzes the risk metrics (Economic Value of Equity, PV01, Earnings at Risk) from modelling, interest rate, and balance sheet changes/movements.
• Monitors structural market risk limits set by the bank as a second line of defense function. Deviations and excesses from structural market risk limits require investigation and sign-off from executives.
• Reviews and challenges models and non-model assumptions
• Prepares presentations and materials on structural market risk position to be discussed at committee meetings comprised of senior leaders of Market Risk and Corporate Treasury
• Supports audit and regulatory findings remediation efforts
• Conducts research and develops tools that use data to make better decisions
• Applies knowledge of risk assessment and controls along with an extensive understanding of industry compliance standards and regulations.
• Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
• Documents data flow, systems, and processes to improve the design, implementation, and management of business/group processes.
• Conducts quantitative research in risks across strategies and portfolios.
• Works independently and regularly handles non-routine situations.
• Review structural market risk models and assumptions
• Risk committee reporting & analysis
• Working with QRM to extract data and reports for analysis
 
Must Have Skills:
• Typically, between 5 - 7 years of relevant experience and a post-secondary degree in a related field of study or an equivalent combination of education and experience.
• Microsoft Office
 
Foundational level of proficiency:
• Regulatory capital and stress testing.
• Compliance and regulation.
• Machine learning.
• Learning Agility.
• Systems Thinking.
 
Intermediate level of proficiency:
• Asset liability management
• Model risk management.
• Data management.
• Critical thinking.
• Driving Results.
• Verbal & written communication skills.
• Collaboration & team skills.
• Analytical and problem-solving skills.
• Data-driven decision making.
 
Advanced level of proficiency:
• Quantitative financial modeling.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
 
Nice to Have Skills:
• QRM experience
 
Interviews:
2-3 rounds with technical questions related to the role to test experience. 1st round will be over teams, 45 minutes. 
 
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $ 74.48/hr.