Volcker, BA Risk Specialist

IT Connex; Canada; Hybrid; CAD 80,000 - 100,000; Part time

Job summary

A financial services company in Canada is seeking a candidate for a contract role focused on Volcker governance controls. The successful applicant will ensure compliance with regulations through monitoring and supporting business activities. Key qualifications include extensive knowledge of trading products, understanding of trading processes within large institutions, and strong communication skills. This hybrid position offers a unique opportunity to engage with key stakeholders and contribute to regulatory initiatives.

Qualifications

• Knowledge of global markets trading products such as Fixed Income, Equity, Currencies & Commodities.
• Understanding of Front Office trading processes and trade lifecycle within a large bank/dealer.
• Knowledge of market risk and/or regulatory rules pertaining to risk is advantageous.
• Experience with regulatory rules and delivering regulatory initiatives.
• Exposure to analyzing legislative and regulatory texts.
• Proficiency in risk management data analysis and tools is an asset.
• Excellent communication skills required.

Responsibilities

• Ensure compliance with Volcker governance controls.
• Partner with stakeholders to monitor changes in business activity.
• Develop sustainable solutions to support the Volcker Program.
• Manage dependencies, risks, and exceptions effectively.
• Coverage of specific desks for risk managing hedging.

Skills

Knowledge of global markets trading products

Understanding of Front Office trading processes

Knowledge of market risk and regulatory rules

Experience with regulatory rules

Excellent verbal and written communication skills

Job description

Overview

• The candidate will be responsible for Volcker governance controls including: Ensuring the accuracy and completeness of Desk Mandate documents; Acting as a SME in respect to the Volcker Rule and ensuring compliance with the relevant standards and procedures; Review of newly approved products to ensure they are appropriately scoped.
• Partner with key stakeholders to monitor changes in business activity. Assess any Volcker implications and support the business in ensuring Volcker compliance requirements are met on an ongoing basis. Key subject areas include but are not limited to Trading Desk Mandates and Risk Mitigating Hedging effectiveness monitoring.
• Partner with Technology teams to develop sustainable solutions supporting the Volcker Program including enhanced controls and streamlining/automation initiatives.
• Identify, prioritize and proactively manage dependencies, risks, exceptions and issues.
• Coverage of specific desks leveraging the Risk Mitigating Hedging (RMH) exemption including: Documentation and analysis of the desks hedging strategies alongside Market Risk Management (MRM); Assessment of the effectiveness of the hedging program utilizing risk reporting tools; Quarterly review and assessment with business Senior Management and MRM.

Qualifications

• Knowledge of global markets trading products and services, e.g. Fixed Income, Equity, Currencies & Commodities.
• Understanding of Front Office trading processes and trade lifecycle within a large bank/dealer.
• Knowledge of market risk and/or regulatory rules pertaining to risk is advantageous.
• Experience with regulatory rules and ideally in delivering regulatory initiatives.
• Exposure to analyzing legislative and regulatory texts and associated legal analysis.
• Proficiency in risk management data analisys and tools is an asset.
• Excellent verbal and written communication skills.

This is a contract role and work is hybrid.