Market Risk Manager FX Options
** Risk Manager with experience with FX products and market risk needed for Global Investment Bank **
My client is looking to hire a senior member of his team which covers the FX Options desk. You will undertake risk management responsibilities for the Currencies and Hybrids businesses. There will be some managerial responsibility in this role so they need someone who can demonstrate effective communication skills and expertise in market risk.
Responsibilities include:
- Analyse positions to ensure that the risk is correctly captured and developing/using knowledge of key trading strategies/risk positions to review the portfolio to identify areas of concern.
- Contribute to the ongoing development of the risk management tools.
- Provide support to the Head of FX Market Risk on broader issues affecting the businesses risk managed by the team.
- Provide input into and regularly present at the Rates and FX weekly market risk meeting
- Prepare regular summaries of positions, PL and pipeline deals for Trading, Business and Market Risk management.
- Escalate worrying positions to management, where appropriate.
- Avoid adverse audit findings for the desks that the jobholder risk manages, listed above.
- Perform initial review of all non-standard deals and new product approval requests on the desks listed above; provide additional input thereafter to ensure Market Risk requirements are met prior to signoff.
- Conduct review of new and existing models in conjunction with the quant team and document the sign off of models from a market risk perspective.
- Develop a robust process for scenario analysis and other measures of risk not well captured by VaR.
- Work with risk control team to automate reporting for the trading desks listed above, ensuring that reports reflect forthcoming changes to business structure, and incorporate additional risk metrics where appropriate.
- Assist with testing of market risk aspects of new systems and work with the project teams to enable the new systems to be used in daily risk production.
- Line Management responsibility for 1 direct report
Skills required:
- Educated to degree level in a numerate subject
- Knowledge about market risk metrics, models and the FX and interest rate markets is essential
- Experience or demonstrable interest in financial markets and market risk management
- Strong communicator
If you would like to apply for the role of Market Risk Manager FX Options or find out more, please apply online or contact Anna Purves at Robert Walters on anna.purves@robertwalters.com or call +44(0) 207509 8745 quoting the reference 1826520.
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