Overview Canaccord Genuity LLC is looking for a Risk Analyst, Intern to join its US Risk Management team in New York City. The US Risk Management team closely monitors the Sales and Trading division of the firm with a focus on the trading activities of the US trading desks that include Emerging Market Fixed Income, International Equities, Options, Futures, and US Equities desks. The Risk Management team’s top priority is to ensure that the trading activity and desks’ inventories comply with the firm’s risk framework and policies.
The incumbent will report to the VP, US Risk Management of Canaccord Genuity LLC and will be mainly responsible for conducting counterparty risk assessment on new and existing clients across all US trading desks, but may also assist in performing the daily risk reporting of various US trading desks’ activity, increasing the efficiency of the ERM function via automated solutions, supporting ERM in the engagement of new risk initiatives, as well as working on ad hoc projects as required. The role will grant the opportunity to take on a wide scope of responsibilities, work closely with stakeholders on various trading desks, and learn about the scope of the firm’s expanding US brokerage business and how it fits into the global operations of the firm as a whole.
The ideal candidate must be a motivated self-starter with excellent analytical & technical skills with the ability to prioritize and manage a complex workload. As the role requires constant interaction with the firm’s various business units, trading desks, and geographies, it is critical that the candidate is able to clearly & concisely communicate complex issues.
Essential Job Functions
Review current and potential new trading counterparties to determine appropriate market access trading limits by engaging with internal teams and accessing regulatory websites (FINRA, SEC, etc.) and other publicly available sources to gather all required information necessary.
Assist in the analysis of equity and fixed income portfolios in terms of market, credit, interest rate, concentration, and liquidity risks and identify areas of risk mitigation using daily Excel reports.
Ensure the trading desks’ risk-taking is within the established risk limits by monitoring trading activity in real time on trading platforms; swiftly mitigate any breaches with heads of desks and traders.
Required Qualifications
Coursework relevant to finance, risk management, data engineering/analysis or other related disciplines or Bachelor’s degree in Finance, Business, Economics, Math or Engineering
Advanced Microsoft Excel skills required
Excellent organizational skills and attention to detail are critical
Intellectual curiosity, team player, a self-starter attitude, and the ability to function in a fast paced, dynamic work environment are crucial to be successful in the role
Preferred Qualifications (Not required)
Experience with Visual Basic (VBA) is a plus;
Driven by your success A career at Canaccord Genuity means working for a client-centric organization with a global reach across 10 countries. We are driven to achieve for our clients, our shareholders and each other – our people and culture are at the heart of our success. No matter what your role, you have the opportunity to make a positive difference through your ideas and hard-work and be rewarded for your performance.
Driven by diversity and inclusivity Canaccord Genuity is committed to encouraging a diverse workforce and to promoting a respectful and inclusive culture in which everyone has the opportunity to thrive and realize their potential. We recognize that diversity across our business strengthens relationships, enables more innovative solutions for our clients, as well as creating a more stimulating place to work. Building and developing a truly varied team of talented people from all walks of life is essential for tackling new global challenges, adapting to changing markets and appealing to an increasingly diverse client base.