Our client, a leading financial services company is hiring a FRTB Standardized Approach - Project Manager on a long-term contract basis.
Job ID 79841
Work Location:
New York, NY
Summary:
The role will be part of a core central Program Management Team within Markets charged with ensuring the timely execution of deliverables across all workstreams. The candidate must be an individual experienced in project management and with sufficient subject matter expertise in the FRTB Standardized Approach. The FRTB SA Project Manager will be responsible for overseeing the successful implementation of FRTB SA components. This role requires a blend of project management expertise, strong capital markets knowledge and regulatory understanding.
Responsibilities:
- Manage all multiple projects within the FRTB SA program, from initiation and planning to execution, monitoring and closure.
- Transformation / change management experience with a focus on Capital Markets initiatives to address regulatory, audit, risk and control and / or risk management issues.
- Working knowledge of Capital Markets business and products (Rates, Credit, FX, Equities, etc.) and regulatory Capital requirements.
- Oversee the development and implementation of FRTB SA calculators and Risk validation processes.
- Ability to influence and collaborate with stakeholders across various departments, including, Risk, Finance, Front Office, Technology and Business.
- Develop and maintain a comprehensive project plan, including timelines, budget and resource allocation.
- Manage internal and external dependencies across initiatives, including working closely with Risk Managers, Product Owners, Front Office, Product Control and Technology teams.
- Identify, assess challenges and proactively seek to resolve, mitigate and/or escalate risk and issues in a timely and well-articulated manner. Ensure compliance with relevant regulatory requirements.
- Engage senior stakeholders continuously by escalating and resolving issues as they arise.
- Produce accurate and insightful project update materials and artifacts, tailoring to various forums and committees.
- Build strong relationships, adopting a joined-up approach, to support the execution of programs.
Required Skills:
- Strong knowledge of the FRTB SA regulation and methodology (SBM, DRC, RRAO, Fallback) and Market Risk.
- Proven track record in strategic project management and delivering complex solutions are essential, ideally within a Tier 1 Bank or Big 4 consultancy firm.
- Significant experience in Capital Markets Transformation. Strong understanding of risk management principles.
- Significant experience in scoping, developing and prioritizing plans for strategic initiatives. Proficient in project management tools and methodologies.
- Excellent oral / written communications and negotiation skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.
- Ability to manage multiple priorities and deadlines effectively.
- Ability to drive change to business practices by working effectively across a global organization and understand different perspectives.
- Thought leadership in target state design through engaging stakeholders at various levels of the organization.
- Demonstrated analytical skills with follow-up and problem solving capability.
Preferred Skills:
- 15+ years of relevant financial industry experience at Tier 1 Bank.
- Experience in Market Risk, Capital, and Regulatory related projects.
- Project Management certifications e.g. PMP or equivalent a strong plus.
- Experience with data analysis and manipulation relevant to Markets (SQL, JIRA, Tableau, Excel (proficient).
- Experience analyzing large datasets using SQL, Python, a plus.
Education:
- Bachelor’s/University degree.
- Master’s degree preferred.
Pay: $110-$142 per hour.
Job Type: Contract
Pay: $110.00 - $142.00 per hour
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Vision insurance
Experience level:
Ability to Commute:
- New York, NY 10013 (Required)
Ability to Relocate:
- New York, NY 10013: Relocate before starting work (Required)
Work Location: Hybrid remote in New York, NY 10013