Head of Market Risk Analytics & Governance, Prime Brokerage

Madison-Davis, LLC; New York (NY); Hybrid; USD 200,000 - 230,000; Full time

Job summary

Madison-Davis, LLC is seeking a Head of Market Risk Analytics & Governance for Prime Brokerage in New York. This senior role owns risk oversight, develops risk frameworks, and partners with trading and analytics teams to manage exposures.

It combines governance, analytics, and regulatory engagement at the leadership level. The position requires 10+ years in Prime Brokerage or similar trading environments, with a strong track record of leading risk programs and delivering executive insights.

Qualifications

• This role requires 10+ years of deep Prime Brokerage or complex trading environment experience.
• Proven ability to own and evolve market risk frameworks and governance.
• Strong collaboration with trading desks, Counterparty Credit, and analytics teams.

Responsibilities

• Own and evolve the market risk framework including margin and gap risk methodologies.
• Lead end-to-end risk oversight across the US Prime Brokerage platform.
• Partner with Counterparty Credit, Counterparty Analytics and Trading teams.
• Advise senior leadership on exposures and risk mitigation strategies.
• Establish and maintain risk policies, controls, and governance processes.
• Translate risk insights into actionable executive briefings.
• Engage regulators as the primary interface on risk issues.
• Lead stress testing and scenario analysis across products and environments.
• Develop and mentor a high-performing risk analytics team.
• Represent risk implications in enterprise-wide initiatives.

Skills

Market risk leadership

Analytics leadership

Stress testing

Regulatory engagement

Risk governance

Executive communication

Job description

Title: Head of Market Risk Analytics & Governance, Prime Brokerage

Office Status: Hybrid – New York, NY

Base Salary: $200k – $230k + Bonus

Overview:

This is a senior leadership opportunity within the Market Risk function of a well-established global financial institution, offering full ownership of market risk oversight for the US Prime Brokerage business. The role combines framework development and governance with hands-on risk analytics, stress testing, regulatory engagement, and strategic partnership with trading desks and Counterparty Credit and Analytics teams. As the primary market risk authority for the Prime Brokerage platform, the Head of Market Risk will shape margin and gap risk methodologies, lead a high-performing team, and serve as a trusted advisor to senior leadership on key exposures and risk mitigation strategies. It's the right seat for a seasoned market risk leader with 10+ years of deep Prime Brokerage or complex trading environment experience who combines technical rigor with executive presence and the ability to balance risk discipline with business enablement.

Key Responsibilities:

• Own and evolve the market risk framework including margin and gap risk methodologies; ensure frameworks remain forward-looking, scalable, and aligned with the firm's risk appetite
• Lead end-to-end oversight of market risk across the US Prime Brokerage platform; identify emerging risks and implement best-in-class analytics and metrics
• Partner closely with Counterparty Credit, Counterparty Analytics, and Trading teams to deliver comprehensive risk coverage and a unified view of exposures across the platform
• Act as a trusted advisor to trading desks providing insight into positions, market dynamics, and strategic risk considerations
• Drive risk governance by establishing and maintaining policies, procedures, and controls that underpin effective risk identification and management
• Translate complex risk insights into clear, actionable briefings for senior leadership; influence risk mitigation strategies across the organization
• Engage with regulators as the primary regulatory interface on risk issues and requirements; ensure transparency, compliance, and alignment with evolving regulatory expectations
• Lead stress testing and scenario analysis; design robust frameworks across products, business lines, and firm-wide environments
• Lead, develop, and mentor a high-performing market risk team; embed a risk-aware culture and foster proactive risk management practices across stakeholders
• Represent the business on corporate initiatives; identify key risk implications and provide direction in complex situations across enterprise-wide and cross-business risk programs