What are the responsibilities and job description for the Project Manager Market Risk position at NextGen IT Inc.?
Project Manager Market Risk
New York NY
Contract only on 1099 or W2
We are looking for an experienced Project Manager with strong expertise in Market Risk domain to lead and manage strategic initiatives within Capital Markets and Risk Management programs. The ideal candidate should have experience managing end-to-end project delivery, stakeholder communication, regulatory initiatives, and risk platform implementations in banking or financial services environments.
Key Responsibilities
- Lead Market Risk projects across trading, risk, and regulatory functions.
- Manage project lifecycle including planning, execution, testing, deployment, and post-production support.
- Coordinate with Risk Managers, Front Office, Technology, Compliance, and Business stakeholders.
- Drive delivery of initiatives related to:
- VaR (Value at Risk)
- FRTB
- Stress Testing
- PnL Attribution
- Basel regulations
- Market Risk Reporting
- Prepare project plans, status reports, RAID logs, and governance documentation.
- Ensure projects are delivered within scope, timeline, and budget.
- Work in Agile/Scrum or Waterfall environments.
- Support UAT coordination and production releases.
Required Skills
- Strong experience in Project/Program Management.
- Good understanding of Market Risk concepts and Capital Markets.
- Experience with regulatory/risk initiatives like FRTB, VaR, Basel III/IV, CCAR.
- Knowledge of trading products:
- Equities
- Fixed Income
- FX
- Derivatives
- Experience with Jira, MS Project, Excel, PowerPoint.
- Strong stakeholder management and communication skills.
Preferred Skills
- PMP / Scrum certification.
- Experience with risk systems such as Murex, Calypso, Summit, Kondor, Bloomberg, or in-house risk platforms.