Address
Form of workJob Title: Risk Management System (RMS)
Department: Risk Management
Reports to: Head of Risk Management
Summary:
The RMS is responsible for the development, implementation, and maintenance of the broking firm's Risk Management System. This system will be used to monitor and assess market, credit, liquidity, operational, and compliance risks. The RMS will also be used to develop and implement risk mitigation strategies.
Responsibilities:
- Develop and implement the broking firm's Risk Management System
- Monitor and assess market, credit, liquidity, operational, and compliance risks
- Develop and implement risk mitigation strategies
- Report on risks to senior management
- Work with other departments to manage risks
- Stay up-to-date on market trends and developments
- Conduct training on Risk Management for employees
Qualifications:
- Bachelor's degree in finance, economics, or a related field
- 5+ years of experience in Risk Management
- Strong analytical and quantitative skills
- Ability to work independently and as part of a team
- Excellent communication and presentation skills
- Demonstrated ability to develop and implement Risk Management Systems
If you are a highly motivated and experienced risk manager with a strong track record of success, we encourage you to apply for this exciting opportunity.
Here are some additional details about the responsibilities of an RMS in a stock broking firm:
- Develop and implement Risk Management policies and procedures
- Develop and maintain Risk Management models
- Develop and implement risk monitoring and reporting systems
- Develop and implement risk mitigation strategies
- Work with other departments to implement Risk Management controls
- Conduct training on Risk Management for employees
The RMS is a critical part of the broking firm's Risk Management framework. It plays a vital role in identifying, assessing, and mitigating risks. The RMS also helps the firm to comply with all applicable laws and regulations.
Specific responsibilities of an RMS in the stock broking industry may include:
- Developing and maintaining margining systems to ensure that clients have sufficient funds to cover their trading losses
- Developing and maintaining position limits to ensure that clients do not take on too much risk
- Developing and maintaining risk-based trading authorization systems
- Developing and maintaining risk reporting systems to track and report on market, credit, liquidity, operational, and compliance risks
- Developing and implementing risk mitigation strategies, such as hedging and diversification
- Working with other departments to implement Risk Management controls, such as trade surveillance and compliance monitoring
The RMS is a complex and challenging role, but it is also a very rewarding one. RMS professionals play a vital role in protecting the broking firm from financial losses and ensuring its long-term success.
