Head of Banking Book Market Risk recruitment
Daily control and oversight for the treasury’s money market banking book and banking book operations, working closely with other head of and senior fixed income market risk managers.
Proactively recommend and monitor risk limits, understand daily MTM PL and its effects on VaR exposure, accrual PL and its relationship to Net Interest Income
Excellent understanding products, trading strategies, desk strategies, positions and risk drivers
Identify and understand points of weakness, design appropriate stress tests taking into account the trading horizon of the desks, particularly for those risks that only generate PL on close-out
Highly visible role with strong emphasis on dealing with senior management, desk heads, traders, generalists, other risk disciplines
Establish credible relationships with the relevant desks head and desk teams and achieve buy-in through providing value-adding services
Monitor various basis risks the desk has, both contractual and implied
Manage the desks market risk in conjunction with other risk they face such as liquidity and funding
Work with the relevant risk functions and the desks to ensure there is a consistent and coherent approach to risk management
Support the development of new products and new business initiatives
A strong background in market risk is essential, with previous exposure to dealing with banking book risk or balance sheet management. ALM experience would be advantageous.