Vice President, Risk Management

Wedbush Securities; Jersey City (NJ); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Comprehensive medical, dental, and vision coverage

401(k) plan with company matching

Tuition reimbursement up to $5,250/year

3 weeks of Paid Time Off

Paid Sick Time

Charitable Donation Matching

Job summary

Wedbush Securities in Jersey City seeks a VP, Risk Management to oversee margining and stress testing of various securities. Responsibilities include managing margin requirements, analyzing risk exposure, and performing stress testing on complex portfolios. The role requires 10+ years of experience in Risk Management, a Bachelor’s degree, and expertise in relevant financial tools. Competitive compensation ranges from $150,000 to $200,000 with extensive benefits including medical coverage and tuition reimbursement.

Qualifications

• 10+ years of experience in Risk Management.
• Series 7 license required within 6 months.
• Ability to work independently and manage tight deadlines.

Responsibilities

• Manage margin requirements on client accounts.
• Analyze risk exposure across the firm and set margin policies.
• Perform Stress Testing and VaR analysis on complex portfolios.

Skills

Industry knowledge across multiple lines of business

Competency in Equities, Complex Options, Fixed Income

Excellent presentation skills

Strong analytical skills

Education

Bachelor's Degree in Finance/Business Administration

Tools

Excel

PowerPoint

Bloomberg

SQL

Power BI

Job description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Jersey City office is seeking a VP, Risk Management to join our Risk Management group. This position will be focusing on margining and stress testing of options, equities, fixed income, FX and other derivative securities.

Responsibilities will include, but are not limited to:

• Manage all margin requirements on client accounts on a security basis, portfolio level and on the global firm-wide platform
• Analyze risk exposure across the firm and set appropriate margin requirements and policies to mitigate that risk
• Manage the firm’s risk exposure due to margin loans, large concentrated trades and volatile market moves, being both proactive and reactive to managing concentration risk, liquidity risk and market volatility on the entire client base
• Perform Stress Testing and VaR analysis on complex portfolios; comprised of equities, options, fixed income and futures securities, and ad hoc business and liquidity analysis on key drivers and accounts
• Issue margin calls for client accounts and monitor limit breaches for proprietary trading desks
• Set margin lending rates and trading limits on a wide array of securities and lines of businesses which include repo lending, stock loan, agency execution, investment banking, etc

Mitigate liquidity risk and funding requirements arising from institutional trading by interfacing with street-side and central counterparties

• Facilitating the clearance of large transactions from execution through settlement
• Perform other tasks and duties as required and assigned

Experience and Skills

• Strong industry knowledge across multiple lines of business. Clearance & Settlement, Prime Brokerage, Agency Execution and in-depth understanding of NSCC, OCC, FICC & DTC.
• High Competency in Equities, Complex Options, Fixed Income, Reg T. Calculation and Portfolio Margin.
• The ideal candidate can work independently, can manage tight deadlines and has excellent presentation skills, both written & verbal.
• 10+ years of experience in Risk Management
• Bachelor's Degree, preferably in Finance/Business Administration or related fields
• Advanced abilities using Excel, Powerpoint and Bloomberg. SQL & Power BI is a plus, but not required.
• Series 7 required within 6 months.

What We Offer

As part of our overall compensation package, Wedbush Securities offers an array of diverse benefits to all our colleagues. We believe that providing competitive benefit options yields the advantageous reward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• 401(k) plan with discretionary, competitive company matching and profit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Parental Bonding, Military, Jury Duty, Volunteer Time Off, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

The reasonable estimate of the compensation range for this role has not been adjusted for the applicable geographic location. A reasonable estimate of the current range is $150,000 to $200,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance. Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.