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Job Title: Associate - High Yield Market Risk Management
Job Location: NY: New York
Pay Rate: Open
Job Length: full time
Start Date: 2008-09-06

Company Name: Lehman Brothers
Contact: HR
Phone: email only please
Fax: email only please

Description: Associate - High Yield Market Risk Management Posted 8/5/2008 New York, NY

Job Overview: The successful candidate will focus on Lehman Brothers High Yield Trading Business. The role involves helping establish market risk management limits and policies, procedures and standards. Additional responsibilities include analysis of model risk, participating at the implementation of the new complex product approval process, VaR efficacy analysis, stress testing. Duties & Responsibilities:

* Assess, quantify, identify, monitor and report market and credit risk for existing trading portfolio on a daily basis. Communicate time sensitive market and risk information with business and senior management. * Perform a variety of risk analysis and assessment through VaR, time series analysis, stress testing, back testing for firms High Yield credit business. Work with business, finance and operations to ensure risk is properly represented in firms risk aggregation system. * Assist in further developing a robust risk management framework, infrastructure and methodologies for high yield credit products and help decision making in risk taking and hedging. Basic knowledge of various credit trading strategy, capital arbitrage, equity product, portfolio product, tranche portfolio product, bond option and default swaption is required. * Participate in preparing risk reports and use the firms infrastructure to evaluate Value at Risk, ROE, Event Risk and relevant stress scenarios as part of the firms overall risk monitoring process, including daily and weekly risk management report and regulatory reporting. * Provide ad-hoc analysis based on a quantitative and qualitative approach on portfolio risk, risk return performance measure, trading and hedging strategy (s), market data and parameters, and what-if scenarios. Candidates requirements: The successful candidate will possess the following: * A Master in finance/financial engineering, MBA or other relevant advanced degree(s) is required. * A minimum of 3 years experience in increasingly responsible positions in a risk management (market risk) or closely related function with exposure to high yield and other credit products. * An in-depth knowledge of fixed income products and trading strategies. Experience with modeling of risks of various products would be desirable. * Comfortable and mature in dealing with professional staff, business unit heads, traders, senior management and clients. * Strong interpersonal skills with the ability to instill confidence and build collaborative working relationships. Excellent verbal and written communications skills. * A quantitative background and the ability to work with and generate complex spreadsheets and other analytical tools.

Lehman Brothers is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law.

Please refer to Job code lehman-9888 when responding to this ad.

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