Senior Market Risk Manager

Job Description:

Employer:             DWS Group

Title:                      Senior Risk Manager – Investment Risk

Location:               New York, NY

Job Code:              #LI-LV2 #LI-03

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Read more about DWS and who we are here.

Team / division overview

The Chief Risk Office within DWS is an independent function responsible for protecting the business as well as being a trusted adviser and partner for supporting sustainable business growth. As part of the Chief Risk Office, the Investment Risk team is in charge of independent risk oversight of investment risk of DWS fiduciary portfolios. In this role, it designs and executes the risk programs to identify, measure, control and manage market, liquidity, sustainability, and counterparty risk of fiduciary portfolios. This includes the regular monitoring, analysis, and reporting of risk to portfolio management and DWS management board.

Role Details

The Investment Risk – Senior Risk Manager focuses on the assessment, control, and governance of investment risks taken within commingled investment vehicles (funds and ETFs) and separately managed accounts. The role focuses on market, counterparty credit, and liquidity risk while also taken into account other risks the product or its investors may be exposed to. Responsibilities include but are not limited to:

• Conduct risk analysis on a set of portfolios for varying mandates types (active, passive, liquid alternative) with broad underlying exposure (fixed income, equity, commodity, derivatives)

• Production and analysis of Value-at-Risk, Tracking Error, Liquidity Ratios, Transaction Cost, and other strategy specific risk metrics

• Prepare funds’ risk program fund board materials

• Document risk process and risk assessments

• Due diligence of external sub-advisors to qualitatively assess risk management processes

• Representation of Investment Risk in regional and global governance forums

• Prepare and present Investment Risk materials on risk oversight committee(s)

• Representation of the Risk Management function to clients, regulators, and other external stakeholders

• Lead special projects related to the risk framework or other identified risk issues

• Enhance risk toolset, risk framework, and processes for US portfolios

• Participation in industry forums to maintain knowledge of industry risk management best practices

• Keep abreast of changes in relevant local laws and regulations and understand their implications

• Guide junior team members

We are looking for 

• Master degree (or equivalent) in Finance or quantitative field

• At least 5 years experience in the financial services industry, with experience in market, counterparty credit, liquidity, risk functions preferably within a buy-side firm

• Proven experience with analytical models for financial instruments

• Proven experience in process design & implementation

• Previous experience with BlackRock Solutions Aladdin preferred

• Chartered Financial Analyst and Financial Risk Manager designations are a plus

• Strong interpersonal skills; role requires constant interaction with individuals within the global risk organization, across the business (portfolio managers, relationship