Risk Professional, February 2009

career center

Sr. Risk Analyst The Woodlands, Texas

Job Description:

This candidate will be a key individual contributor in the execution of Repsol’s North American LNG / gas marketing/trading business plan, and will work directly with the Chief Risk Officer and Front Office to support the growth of the business while providing independent risk analysis and reporting. The primary responsibilities of the position are the daily analysis, processing, monitoring and reporting of commodity transactions and related risk management activities. Some, but not all, of the specific duties include: Assist to establish and manage margin posting process • Work with Corporate Credit Risk to monitor and update counterparty changes, periodically review financial condition of nonrated counterparties, monitor forward values and assess collateral requirements • Ensure credit risk is mitigated through contractual arrangements • Participate in negotiations of ISDAs and NAESBs utilizing risk management skills • Maintain credit risk files including active monitoring of industry/market trends for potential adverse effects • Maintain credit risk limit methodology and processes to develop credit limit requests and ensure compliance • Manage daily close of trading books • Assist with daily monitoring of all trading books • Prepare summary reporting as needed • Report preparation For complete position description information, or to apply for this job, visit the GARP Career Center. To apply, visit: careers.garp.com/jobdetail.cfm?job=3047940

Westinghouse Electric Company

Monroeville, Pennsylvania

Director,NewPlantsRiskAssessmentandMitigation

Job Description: WEC is seeking an executive leader for their Nuclear Power Plants Group with responsibility to develop an efficient Risk Management System to meet the needs of multiple AP1000 Projects worldwide; develop procedures; identify areas of risk aggregation; and monitor the continual improvement of the Risk Management System. Priorities and Responsibilities: Leadership: Lead by example in the implementation and oversight of the Risk Management System and direct a staff to improve the overall risk process of the Nuclear Power Plants organization. Organizational Development: Assume responsibility to design, develop, and manage the risk process of a rapidly expanding organization to meet growing worldwide demands. Create an infrastructure for the risk division of the Nuclear Power Plants organization by incorporating new policies and procedures. Strategic Planning: Provide risk assessment and mitigation for a wide array of project-specific, functional, organizational, and strategic risks. Analyze and evaluate risks that are present in areas that could be potential business development targets. Supervisory Responsibilities: Interviewing, hiring, and selecting a management team to: train employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. Special Experience: 15+ years of applicable experience in project management, financial and/or commercial bidding principles, and project controls and/or risk management principles. Experience working in a commercial nuclear environment and a strong nuclear technical background is essential. Experience in a highly-matrixed organization, construction, process development, and an international environment is desired.

For complete position description information, or to apply for this job, visit the GARP Career Center.

To apply, visit: careers.garp.com/jobdetail.cfm?job=3050409

analytic recruiting inc.

Market Risk Manager – Equity Products • New York, New York

Job Description: A Major Bank in New York is looking for an equity market risk manager to work directly on the firms Equity Products Trading Desk. Responsibilities include accessing, processing and analyzing market risk and identifying and reporting key risks to senior managers.

Job Requirements: The ideal candidate will have 2-3 yrs of relevant risk management experience on or near a trading desk and have in depth knowledge of equity and equity derivatives markets and risk. [Exposure to Commodity Market risk a plus.] A MS degree is preferred in science/math/stats or mathematical finance. Candidate should have strong technical skills, VBA a must, C/C++ preferred. Market Risk Experience is required.

To apply, visit: careers.garp.com/jobdetail.cfm?job=3049828

AGM, Credit Risk – Financial Institutions Toronto, Ontario

The incumbent contributes to the overall credit management,by making sound and timely decision making, within established underwriting guide-lines/policies, and within their personal authority level, primarily, of the Bank’s Financial Institutions portfolio, including but not limited to, banks, broker/ dealers, mutual and pension funds, insurance companies loan portfolio and government accounts.

Specifically through: Undertaking analysis of credit applications and providing recommendations • Monitoring the timely review of all applications and submissions and ensuring the accuracy thereof • Providing clear authorization to field offices • Ensuring the terms and conditions of such authorizations are accurately documented and ensuring the accuracy of data in various databases and reports • Developing and maintaining extensive base of industry knowledge • Continuous discussions with banking clients and other areas of the Bank (e.g. Loan Portfolio Management, Loan Syndications, Legal Counsel) to improve the quality, effectiveness and efficiency of the credit process, with a view to assisting in creating bankable transactions. Key accountabilities for this role: Authorization of credits within the delegated limits jointly with appropriate Credit/Banking counterpart, while adhering to the Bank’s underwriting guidelines • Attend Senior Credit Committee and discuss credit applications as required • Oversee and contribute to the preparation of industry reports and other industry account information as requested • To proactively manage accuracy of risk ratings of assigned portfolio by early identification of account weaknesses and initiating/recom-mending appropriate risk ratings • Contribute to profitable business development in the assigned areas of industry specialization by participating in and providing managerial direction and guidance to team members • Ensure the maintenance of acceptable quality in the portfolio by scanning operating environment on ongoing basis, monitoring the quality of accounts and providing constructive comments to field offices on credit applications and other submissions • To provide data requested by the various Bank offices/depart-ments to satisfy regulatory requirements (e.g. Basel, SOX, OSFI and GAAP) in a timely manner • Manage and develop staff to ensure efficient operations, attainment of objectives, and human resource development.