Market Risk Manager for Equity, Corporates, Munis

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. Market Risk Manager VP (Equity, Corporates/Munis): 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 Position A rapidly growing Sales & Trading (S&T) business line at Texas Capital allows us to provide a full suite of capital and hedging solutions for 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 risk 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 highly motivated and experienced Market Risk manager to build and expand risk management function for trading desks. Responsibilities Identify, measure, monitor, risk manage and escalate market risk exposures for trading desks, including Public Equity/ETFs, High-yield bonds/leveraged loans and Public Finance (Munis). Design and implement risk management systems partnering with Operations, 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, to ensure risks are fully understood and managed proactively by using front-office and risk systems and intra-day/periodic dialog with traders/management. Communicate effectively and provide constructive challenges to decision makers to ensure risk is managed within management risk appetite while building credibility with business to encourage disciplined risk taking to optimize risk-reward. Willingness to take ownership, while working collaboratively with peers across organization including front office, credit/ops/model risk, IT/vendors and CFO/capital/treasury functions on ad hoc strategic initiatives. Maintain on-going dialogue with trading desks regarding positioning, market developments, trading strategies, and risk representation of new trades. Daily risk/market update 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, stress scenario analysis. Automate as needed. Qualifications Degree in quantitative field (e.g., Finance, Economics, Quantitative fields) Master’s level degree and/or CFA, FRM a plus 5 yrs experience, ideally as market risk manager or front office trading related functions with exposure to Corporate/Muni securities including bonds, equity, ETFs and Loans products. In depth product knowledge of relevant products, markets, risk and systems including Bloomberg is preferred Strong problem solving and analytical skills to understand and build market risk tools such as Value-at-Risk (VaR), Risk measures, stress testing, model risks. Effective written and oral communication and interpersonal skills to be effective on 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 responding 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. Texas Capital Bank is built to help businesses and their leaders. Our depth of knowledge and expertise allows us to bring the best of the big banks at a scale that makes sense 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 Bank, we do more than build business success. We build long lasting relationships. Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital Bank was recently named the #1 most trusted bank in the country on Newsweek’s inaugural list of America’s Most Trusted Companies