Equities Market Risk
The group forms the key interface for discussing risk issues with the trading desks but retains independent reporting lines through the Risk management chain.
IB Market Risk performs the following primary functions:
· Independent ongoing identification, monitoring and control of business unit market risk
· Performance of stress testing and qualitative risk assessments
· Analysis of aggregated risks and tail risk exposure
· Implementation of Market Risk projects pursuant to regulatory change
· Facilitation of efficient risk-return decisions
· Regular dialogue with the Investment Bank trading businesses with respect to risk appetite, risk limits and individual large and complex transactions.
Job Description
The role is based in London will be part of a trading floor based team of 9 people covering the EMEA Equity Derivatives business (with some global coverage).
The Market Risk VP will become familiar with the various risk measures used to understand the risk profile of the portfolio, specifically derivative Greeks, Value at Risk (VaR), Stress testing, and qualitative risk assessments as well as working to help improve systems infrastructure used to examine the firm’s risk. It is expected that the VP will partner strong technical skills with excellent task execution co-ordination, as well as strong communication skills to succeed in the role. A visible role in a highly dynamic equity derivatives franchise.
· Market Risk coverage for the EMEA Flow, Delta-1 Convertibles desks
· Day to day analysis of risk sensitivities, market moves and PL with rich interaction with trading desks
· Highlight concentrated or concerning risk positions work with Front Office to ensure they are appropriately reported managed
· Conduct ad hoc risk analysis, develop improvements in risk reporting, VaR Stress analysis tools/scenarios, contribute to improvement of risk system technology architecture
· Co-ordinate implement Market Risk initiatives arising from regulatory change
· Enforce/define Market Risk limits
· Provide clear briefings of current events/issues to line management wider audiences
· Help shape the team’s response to urgent ad-hoc requests from Trading, Senior Management and Regulators
· Work with Front Office, Global Credit Risk Management, Finance/Valuation, Quantitative Research, Model Review Group, Finance and MO on risk management issues
· Review/approve new transactions/products
· Contribute to directing junior team members
· Strong academic background - minimum Bachelors degree, preferably 1st or 2:1 in Finance, Financial Engineering or numerical discipline
· Lateral thinker, tenacious, commitment to getting things done detail focused, execution focussed
· Ability to form constructive professional relationships with a wide variety of colleagues especially on the trading floor control groups
· Previous exposure to financial products (preferably equity derivatives) - keen interest in financial markets
· Confident ability with Access Excel (to VB level)
· Excellent written spoken communication skills
· Ability to work independently with limited supervision and make clear recommendations conclusions
· Strong analytical skills ability to challenge concepts/proposals/results
· Ability to multi-task, work under pressure deliver under tight deadlines
For further information please contact John Meadowcroft on 020 7780 6700 / 020 7025 0420, or alternatively via e-mail John.Meadowcroft@AnsonMcCade.Com
Leave a Reply
You must be logged in to post a comment.