Company Description

MarketAxess operates a leading trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. Over 1,800 institutional investors and broker-dealer firms are active users of the MarketAxess trading platform. MarketAxess also offers a number of trading-related products and services, including: market data to assist Customers with trading decisions; connectivity solutions that facilitate straight-through processing; technology services to optimize trading environments; and execution services for exchange-traded fund managers and other Customers. Through its Trax® division, MarketAxess also offers a range of pre- and post-trade services, including trade matching, regulatory transaction reporting and market and reference data, across a range of fixed-income products.

MarketAxess maintains its headquarters in New York and has offices in London, Boston, Chicago, Los Angeles, Salt Lake City, Amsterdam, São Paulo, Singapore, and Hong Kong. MarketAxess is an independent, publicly traded company (NASDAQ:MKTX Click Here). There is a lot more to learn about us and working at our company! Please read more about us at www.marketaxess.com.

Job Description

MarketAxess is seeking a highly qualified candidate for a newly created role within the Global Credit Risk team. The ideal candidate will have 10+ years of experience in a market or credit risk management role and will have strong analytical and technical skills.

The incumbent will assist in the development of various credit risk metrics and analytical tools, the design of credit risk system enhancements, the automation of processes and other technical projects related to managing the firm’s credit and market risk exposures. The role requires a strong understanding of credit and market risk metrics, as well as advanced Excel skills, including the ability to write macros. You will be part of the Global Credit Risk Team and will support and work directly with the Head of Credit & Market Risk.

The incumbent will contribute to and lead a wide range of projects, generally designed to enhance the analytics of the firm’s credit and market risk exposures. This includes assisting in the development of credit exposure metrics, the design of credit risk system enhancements, the development of stress testing capabilities and credit risk capital metrics, and the automation of processes to enhance controls and efficiency. These projects will all contribute to the broader strategic plan to enhance the current credit risk management framework and systems.

What You’ll Do

Risk analytics

• Liaise with the Credit Team, Settlement Team Finance Team and other global stakeholders to establish the risk analytics strategy
• Drive the upgrade of our Credit and Market Risk analytics suite, including credit exposure, credit risk capital and stressed exposure metrics

Risk Management System development

• Work with the Credit Team and the Agile Development Team to upgrade the Credit Risk Management system

Management Information

• Work with the Credit Team and the MIS Team to upgrade the Credit Risk MIS reports
• Perform ad-hoc portfolio risk analysis and synthesize results for presentation to senior management

Automation

• Develop automation tools to improve the efficiency of Credit Risk processes

Other responsibilities

• Contribute to firmwide projects related to credit and market risk, including analysis of the firm’s collateral requirements
• Support the Head of Credit & Market Risk in the overall management of the Credit & Market risk function

What You Bring to the Table

• Bachelor’s degree in business, economics or a quantitative field of study
• 10+ years of experience in a market risk or credit risk analytics role
• Understanding of credit and market risk metrics, including VaR, the Greeks, stressed credit exposure, credit risk capital and other risk measures
• Strong experience in the practical implementation of risk analytics
• Strong analytical, technical and problem-solving skills
• Proficiency working with, and interpreting, large financial data sets
• Ability to work with stakeholders across the Settlements, Finance, Risk, and Technology on projects to improve data, processes and systems
• Credible in front of senior stakeholders
• Self-motivated and proactive, with strong attention to detail
• Ability to effectively manage competing priorities and deadlines
• Strong proficiency using MS Office applications, especially Excel
• Strong verbal and written communication skills

Additional Information

Benefits and Perks

In addition to working on cutting edge technology and in our culture of innovation, collaboration, and openness, we offer:

• Work in our brand new offices at 55 Hudson Yards on the west side of Manhattan
• Free snacks and coffee as well as occasional lunches and after-work drinks
• Casual dress-code
• Healthcare options
• 401(k) match
• Training and tuition assistance
• Other perks include generous time-off policies, stipends for gym memberships and similar, and access to on-site healthcare

MarketAxess Corporation and its affiliates provide equal employment opportunities to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, veteran status or any other characteristic prohibited by federal and state law.