Market Risk Manager – Product Management recruitment
Market Risk Manager – Product Management
Calling all Senior Market Risk Professional with product control/management experience seeking a new, challenging opportunity at a leading Clearing house in London.
Our client is looking for a Product Risk Manager to manage and review market exposures for member firm portfolios.
Key Responsibilities:
• Strengthen controls over risk and comply with corporate initiatives across Audit, Management Control, and Operational Risk.
• Support the department in adherence to Anti Money Laundering policies and procedures.
• Assess existing risk management processes and create new ones that most effectively anticipate, manage and reduce risk to the firm and its participants.
• Develop, communicate and implement department risk policies, procedures and best practices.
• Provide guidance to direct reports on conducting research to support margining methodologies.
• Identify, analyze and implement new margining methodologies and enhance existing margining methodologies.
• Resolve issues relating to the daily calculation and monitoring of market risk exposures in the various subsidiaries.
• Assist in coordinating with Quantitative Risk Management, Relationship Management and Product Management to ensure that any client impact resulting from changes to the existing risk management framework is carefully assessed, managed and communicated to members.
• Manage the team to ensure that risk incidents are identified and reported to Internal Audit and/or Operational Risk Management.
• Review and analyze financial analytics information to establish appropriate margins and/or thresholds for participants/members.
• Assist in educating members or participants on services and approach to risk management.
• Establish procedures to comply with audit, legal and regulatory requirements.
• Prepare written responses to audit and regulatory reports.
• Assist in the development of unit goals.
• Support the development and implementation of new or enhancement of existing policies and procedures.
• Coordinate with the Project Management and Reporting team on interactions with auditors and regulators during examinations as well as the implementation of product risk related projects.
• Implement Enterprise Risk Management and/or Product Management initiatives in line with business lines and product ranges.
The successful candidate will have:
5 years+ experience in Risk Management and Product Control
Prime Brokerage /Buy-side background preferred within Capital Markets
Superior knowledge of risk measurement methods and disciplines including value at risk, economic capital, stress testing and model validations.
Excellent knowledge of Financial Instruments and Derivatives across Fixed Income, Equities Commodities
Bachelor’s Degree in Accounting, Finance, Business, Economics or commensurate experience.
MBA or MS is desirable.
Familiarity with credit risk management, risk rating systems, and/or regulatory capital
Excellent knowledge of Bloomberg and Reuters
IF YOU HAVE THE ABOVE REQUIRED SKILL SET PLEASE APPLY WITH YOUR CV TODAY FOR AN INTERVIEW TOMORROW.
PLEASE NOTE THAT DUE TO THE ANTICIPATED HIGH VOLUME OF APPLICATIONS ONLY SUCCESSFUL CANDIDATES WILL BE CONTACTED.