MD, Sr Market Risk Officer

The Senior Market Risk Officer manages Nuveens Global Equity and Multi Asset class investment risk team. Recognized as a subject matter expert in global equity and multi asset investment and market risks. This role monitors and analyzes investment and market risk develops and implements risk management systems risk models and processes and consults/advises with business unit leadership to ensure proper risk tolerance limitations are established and upheld within the organization. Leading a small 2nd line of Defense team of Investment Risk Managers the candidate will primarily be responsible for independent investment risk oversight reporting risk governance and leadership in Global Equity and Multi Asset Class investments.

Key Responsibilities and Duties

• Responsible for leading the Investment Risk Team in the development implementation and governance over: $645 billion Global Equity Multi Asset Class Real Assets. Products: Open-end funds Closed-end funds ETFs CITs UCITS sub-advised institutional and retail SMA portfolios.

• Develops strategies and business objectives for risk management to ensure proper market risk tolerance limitations are established and upheld within the organization. Strong risk decomposition and performance attribution skills to determine risk/performance drivers in markets and portfolios that lead to tolerance exceptions. Provide customize risk reporting and lead risk discussions with investment teams in all covered asset class. Escalate limit breaches as needed.

• Leads in the development of complex market quantitative analysis derivatives risk metrics and tools to manage measure and monitor market risk exposures.

• Supports ERM Model Risk Management activities including working with multi-factor equity risk models (including MSCI Barra and FactSet) ex-ante tracking error value-at-risk stress testing predicted beta and scenarios analysis.

• Establishes market and derivatives risk tolerance limits in consultation with client expectations market best practices and business unit leadership.

• Supports the business in fulfilling regulatory requirements and delivering regulatory reporting and consults with business unit leadership to monitor the establishment of risk tolerance limits. Provides practical recommendations to ensure market and derivatives risks are appropriately managed measured and monitored in support of SEC Rule 18f-4 regulatory requirements.

• Monitors investment portfolios ensuring investment positions and risks taken are consistent with clients expectations and risk tolerance by challenging portfolio managers on portfolio constructions and highlighting issues including market risks exposure concentrations and liquidity concerns.

• Champions solutions improvements and industry best practices to increase operational efficiency and effectiveness.

• Advises and signs-off on new product development from an investment and market risk perspective.

• Provides written and verbal risk and performance reporting to Portfolio Managers senior management and Boards.

• Leads independent risk meetings with investment team staying up to date on market knowledge emerging risks and the organizations portfolios. Advises business unit partners on market and derivatives and other risk related issues.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 8 Years Required; 10 Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
10PL

Qualifications:

Required:

• 10 years Equity markets experience in at least one of these areas: Investment Risk Management Research Trading Portfolio Management Underwriting or Surveillance

Preferred:

• 12 years Equity market experience in at least one of these areas: Investment Risk Management Research Trading Portfolio Management Underwriting and/or Surveillance

• Strong portfolio construction risk decomposition and performance attribution skills to determine risk/performance drivers in markets and portfolios

• Deep investment product knowledge: Global equity Options derivatives multi asset portfolios

• Strong analytical skills. Experience in credit and/or equity risk underwriting surveillance and reporting

• Experience with risk models - MSCI Barra FactSet MAC Bloomberg PORT

• Experience in managing and inspiring a team.

• Bachelor Degree in Accounting Finance or related fields. Masters degree or other applicable post-graduate qualification (e.g. CPA CFA)

• Excellent interpersonal written and presentation skills. Strong ability to persuade and influence.

Anticipated Posting End Date:

Actual base salary may vary based upon but not limited to relevant experience time in role base salary of internal peers prior performance business sector and geographic addition to base salary the competitive compensation package may include depending on the role participation in an incentive program linked to performance (for example annual discretionary incentive programs non-annual sales incentive plans or other non-annual incentive plans).

Company Overview

Nuveen is a global investment leader managing public and private assets for clients around the world and on behalf of TIAA our parent company and one of the worlds largest institutional investors. We invest in the growth of businesses real estate infrastructure and natural capital providing clients with the reliability access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients our communities and our global to learn more about us.

Our Culture of Impact

At TIAA were on a mission to build on our 100 year legacy of delivering for our clients while evolving to meet tomorrows challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People Be Client Obsessed Lead with Integrity Own It and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveens entrepreneurial spirit where we work hard and work together to create lasting impact. Here every associate can grow through meaningful learning experiences and development pathwaysbecause when our people succeed our impact on clients lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients and is equally committed to the well-being of our associates. Thats why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health wellness and work life offerings that can help you achieve and maintain your best possible physical emotional and financial well-being. To learn more about your benefits please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age race color national origin sex religion veteran status disability sexual orientation gender identity or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page and you can read more about your rights and view government notices here.

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TIAA maintains a drug-free and smoke/free workplace.

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