VP – Equity Market Risk

Brief Overview of Position

A rapidly growing Sales & Trading (S&T) business line at Texas Capital allows us to provide full suite of capital and hedging solutions to our institutional clients. The success and growth of our Investment Bank (IB) has created a unique opportunity to join in team of seasoned traders and managers build many traditional trading functions, including market risk. Risk Management is core to the strategic initiative to build and grow the IB S&T and we are looking for highly motivated and experienced Market Risk manager to build and expand risk management function for trading desks.

Responsibilities

• Identify, measure, monitor, risk manage and escalate market risk exposures for trading desks, including Public Equity, ETF, Convertibles, High-yield bonds/leveraged loans.
• Design and implement risk management systems partnering with IT and Vendors to automate risk/activity limits/reports. Provide timely risk/trading activity/PnL trends to management to influence strategic risk appetite decisions.
• Effective ownership of oversight and risk management of market risk portfolios, to ensure risks are fully understood and managed proactively by using systems and intra-day/periodic dialog with traders/management.
• Communicate effectively and provide constructive challenge to decision makers to ensure risk is managed within management risk appetite while building credibility with business to encourage disciplined risk taking to optimize risk-reward.
• Willingness to take ownership, while working collaboratively with peers across organization including front office, credit/ops/model risk, IT/vendors and CFO/capital/treasury functions as needed.
• Maintain on-going dialogue with trading desks regarding positioning, market developments, trading strategies, and risk representation of new trades. Daily risk/market update and monthly presentations to CRO/Head of IB/management/traders.
• Measure/monitor/report market risks using analytic tools including portfolio risk sensitivities, Value-at-risk (VaR), margin analysis, stress scenario analysis. Automate as needed.

Qualifications

•  Degree in a quantitative field (e.g., quantitative finance, math, physics, economics)
• Master’s level degree and/or CFA, FRM a plus
• 5+ yrs experience, ideally as an equity and/or other corporate securities market risk manager or front office trading related functions with exposure to market risk.
• In depth product knowledge of public equity markets including primary issuance, ETF markets and leveraged loan markets is preferred
• Strong analytical skills to understand and build market risk tools such as Value-at-Risk (VaR), Risk measures, stress testing, model risks.
• Effective written and oral communication and interpersonal skills to be effective on trading floor with the ability to prepare effective presentations for senior management.
• Decisive; able to make and communicate quick and well supported decisions amid potential headwinds from traders.
• Highly motivated, responsible, and attentive; ability to manage multiple demands in a fast-paced and dynamic environment, and proactively respond under tight deadlines

The duties listed above are the essential functions, or fundamental duties within the job classification.  The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.Texas Capital is an Equal Opportunity Employer.