Head Of Us Rates Market Risk
Closely followed interest rate markets and desk positions. Challenged traders on positions and strategy. Strong track record stopping trades that would have ended badly.Created the market risk control framework for the $1billion business. 4 direct reports. Managed limit structure, risk reporting, audits and regulatory reviews.Product include swaps, basis swaps, options, exotic interest rate options, balance guaranteed swaps, structured repo, and exchange traded instruments, government bonds. Analyzed and authorized structured and one off trades. Devise strategies and models for pricing and determining risk in these instruments.Provided expertise to Credit and Finance areas on issues of pricing, modeling, and reserving. Oversaw testing and review of pricing and risk models. Designed many of the firm strategies for independent price verification and reserving.