Institutional Equities Division New York, Non-Market Risk, Associate
The position available is an Associate-level position on the Non-Market Risk team within the Institutional Equity Division (IED) Business Control Unit.The individual will work within a cross-functional team to support various risk functions including operational risk, regulatory/compliance risk, and client/franchise risk. They will work regularly with senior members across the IED business as well as associated control functions, such as Legal, Compliance, Operations and Technology to help ensure compliance with applicable rules and regulations governing the Firm’s activities, as well as adherence to internal policies, procedures, standards and controls.
Responsibilities may include:
Interacting with IED supervisors, traders and salespeople regarding supervisory issues, operational risk issues, and regulatory inquiries
Leading and participating in projects related to the overall IED risk management framework, as well as the information security programs
Monitoring existing control frameworks, improving these, and designing, testing, and implementing new controls, as needed, to ensure the Firm keeps pace with the evolving regulatory environment
Reviewing and interpreting Firm and IED-specific policies and procedures for application to the business
Providing application approvals and performing entitlement reviews of various applications owned and accessed by IED sales and trading personnel
Liaising with Senior Management and desk heads to evaluate external and internal requests for information, such as for datasets, regulatory requests or otherwise
Identifying opportunities for process efficiencies and implementing corresponding solutions within the team as well as teams external to IED Risk
Developing business requirements and procedures for strategic initiatives
Acting as a key point of contact for requests / escalations from the business
Coordinating across IED senior management, desk heads, subject-matter experts and control functions to respond to client requests for information
Engaging global IED risk colleagues to focus on and deliver increased automation and standardization across applicable processes
Reviewing and interpreting client due diligence documents prior to onboarding
Managing client onboarding requests and meetings with representation from senior distribution, sales and control functions
