Senior Project Manager - Market Risk / Derivatives

Job Description

Job Title: Senior Project Manager – Market Risk / Derivatives

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Location: New York, NY 10020 (Hybrid – 3 days onsite per week)

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Duration: Long-Term Contract

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Experience: 15+ Years

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Domain: Investment Banking / Capital Markets

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Interview: Face-to-face interview mandatory

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Engagement Type: W2 or 1099 only

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C2C: Not accepted

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Job Description

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We are seeking a highly experienced Project Manager – Market Risk with a strong investment banking background and deep knowledge of securities, OTC derivatives, listed derivatives, and market risk processes.

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The ideal candidate will have a proven track record managing end-to-end projects across front-office, middle-office, and back-office functions, with expertise in complex derivatives, risk metrics, regulatory risk calculations, and financial data platforms.

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Key Responsibilities

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• Lead end-to-end project delivery for market risk, trading, and capital markets initiatives.
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• Manage projects involving complex derivatives, including interest rate swaps (IRS), total return swaps (TRS), credit default swaps (CDS), and other OTC and exchange-traded derivatives.
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• Work closely with front-office trading, middle-office risk, operations, finance, technology, and regulatory stakeholders.
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• Oversee initiatives covering trade entry, trade processing, risk calculations, valuation, reporting, and general ledger integration.
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• Manage market risk deliverables involving Value at Risk (VaR), sensitivities, stress scenarios, shock records, model documentation, Risk-Weighted Assets (RWA), and SA-CCR.
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• Coordinate project dependencies, requirements, testing, implementation, issue resolution, and stakeholder communications.
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• Drive data and reporting initiatives involving SQL Server, Databricks, Snowflake, and data warehousing.
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• Manage project timelines, scope, budgets, risks, issues, and cross-functional delivery teams.
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• Ensure effective coordination across front-, middle-, and back-office systems and processes.
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Mandatory Domain Expertise

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• 15+ years of professional experience, with substantial securities and investment banking project management experience.
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• Strong knowledge of complex financial products and derivatives, including:
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• OTC and listed derivatives
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• Interest Rate Swaps (IRS)
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• Total Return Swaps (TRS)
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• Credit Default Swaps (CDS)
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• FX and exchange-traded derivatives
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• Commodities and interest rate derivatives
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• Municipal bonds
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• Securities Financing Transactions (SFTs)
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• Repos and reverse repos
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• Strong understanding of market risk management and the trade lifecycle across front, middle, and back offices.
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• Experience with risk metrics, VaR calculations, sensitivities, stress testing, and regulatory capital frameworks.
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• Demonstrated experience managing complex projects in investment banking or capital markets.
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Preferred Skills

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• Murex or Nuvo Prime experience.
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• SQL Server, Databricks, or Snowflake knowledge.
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• Data warehousing and risk reporting experience.
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• Experience with model documentation, shock records, stress scenarios, RWA, and SA-CCR.
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• Strong stakeholder management and senior-level communication skills.
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Work Arrangement & Interview Requirements

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• New York City hybrid schedule: 3 days onsite per week.
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• Face-to-face interview is mandatory.
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• W2 or 1099 engagement only; C2C is not accepted.
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Interested candidates: Please share your updated resume to View email address on ziprecruiter.com along with your current location, work authorization, and availability for onsite interviews.