VP, Equity Market Risk

Company: Texas Capital Bank
Location: Dallas
Posted on: March 1, 2025

Job Description:

Texas Capital is built to help businesses and their leaders. Our depth of knowledge and expertise allows us to bring the best of the big firms at a scale that works for our clients, with highly experienced bankers who truly invest in people's success - today and tomorrow.While we are rooted in core financial products, we are differentiated by our approach. Our bankers are seasoned financial experts who possess deep experience across a multitude of industries. Equally important, they bring commitment - investing the time and resources to understand our clients' immediate needs, identify market opportunities and meet long-term objectives. At Texas Capital, we do more than build business success. We build long-lasting relationships.Texas Capital provides a variety of benefits to colleagues, including health insurance coverage, wellness program, fertility and family building aids, life and disability insurance, retirement savings plans with a generous 401K match, paid leave programs, paid holidays, and paid time off (PTO).Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital was recently named Best Regional Bank in 2024 by Bankrate and was named to The Dallas Morning News' Dallas-Fort Worth metroplex Top Workplaces 2023 and GoBankingRate's 2023 list of Best Regional Banks. For more information about joining our team, please visit us at www.texascapitalbank.com.Brief Overview of PositionA rapidly growing Sales & Trading (S&T) business line at Texas Capital allows us to provide a full suite of capital and hedging solutions to our institutional clients. The success and growth of our Investment Bank (IB) has created a unique opportunity to join a team of seasoned traders and managers to build many traditional trading functions, including market risk. Risk Management is core to the strategic initiative to build and grow the IB S&T and we are looking for a highly motivated and experienced Market Risk Manager to build and expand the risk management function for trading desks.Responsibilities

• Identify, measure, monitor, risk manage, and escalate market risk exposures for trading desks, including Public Equity, ETF, Convertibles, High-yield bonds/leveraged loans.
• Design and implement risk management systems partnering with IT and Vendors to automate risk/activity limits/reports. Provide timely risk/trading activity/PnL trends to management to influence strategic risk appetite decisions.
• Effective ownership of oversight and risk management of market risk portfolios, ensuring risks are fully understood and managed proactively by using systems and intra-day/periodic dialog with traders/management.
• Communicate effectively and provide constructive challenge to decision makers to ensure risk is managed within management risk appetite while building credibility with the business to encourage disciplined risk-taking to optimize risk-reward.
• Willingness to take ownership while working collaboratively with peers across the organization, including front office, credit/ops/model risk, IT/vendors, and CFO/capital/treasury functions as needed.
• Maintain ongoing dialogue with trading desks regarding positioning, market developments, trading strategies, and risk representation of new trades. Daily risk/market updates and monthly presentations to CRO/Head of IB/management/traders.
• Measure/monitor/report market risks using analytic tools including portfolio risk sensitivities, Value-at-risk (VaR), margin analysis, and stress scenario analysis. Automate as needed.Qualifications
  • Master's level degree and/or CFA, FRM a plus.
  • 5+ years of experience, ideally as an equity and/or other corporate securities market risk manager or in front office trading-related functions with exposure to market risk.
  • In-depth product knowledge of public equity markets including primary issuance, ETF markets, and leveraged loan markets is preferred.
  • Strong analytical skills to understand and build market risk tools such as Value-at-Risk (VaR), Risk measures, stress testing, and model risks.
  • Effective written and oral communication and interpersonal skills to be effective on the trading floor, with the ability to prepare effective presentations for senior management.
  • Decisive; able to make and communicate quick and well-supported decisions amid potential headwinds from traders.
  • Highly motivated, responsible, and attentive; ability to manage multiple demands in a fast-paced and dynamic environment, and proactively respond under tight deadlines.The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy. Texas Capital is an Equal Opportunity Employer.
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Keywords: Texas Capital Bank, Dallas , VP, Equity Market Risk, Accounting, Auditing , Dallas, Texas