Market Risk Manager recruitment
Market Risk Manager
£60,000 - £85,000 + bonus + benefits
City
Who They Are
They are the London based trading arm of the world's largest banking group. They offer a broad range of tailored asset and liability advisory and financing services in the debt and equity markets to a diverse range of corporate and institutional clients
The Role
You will be responsible for understanding and providing an independent assessment of the risks taken by the banks trading activities. The role also involves substantial interaction with the trading desks, their management and liaison with the other support areas. The Market Risk Management Methodology team is part of Risk Management Department (reporting to the Chief Risk Officer ). The Market Risk Management team is responsible for identifying, measuring, analysing market risk and clearly communicating this to the senior management of the firm. Responsibilities include:
- Assist with daily market risk management for the European Governments, Supra-nationals, High Yield and Credit Trading Desks, within Fixed Income area.
- The role also requires involvement in other books as a cover (e.g. Equity Department and Repo Business).
- Produce periodic commentaries (daily; weekly; monthly) that link risk, pl and market information to Credit Risk and Stress Testing results. Identify and communicate top market risks.
- Link the commentaries with credit risk measures.
- Assist in keeping Front Office appraised of the methodology that is being used to calculate their risk positions.
- Pro-actively participate in VaR methodology reviews.
- Assist in reviews of current Limit framework and implement change as appropriate in consideration of the business plans.
- Continually review the Stress Testing scenarios and framework.
- Participate in the periodic reviews of the internal risk capital approach.
- Produce ad-hoc reviews of transactions and be involved in analysing new products on behalf of Market Risk Management.
- Participate in Bank initiatives to review the system infrastructure, to ensure it will provide a robust risk framework for the approved model set.
Who They are looking for
You must:-
- Have experience in a Market Risk management or Product Control role and,
- Have appreciation of the risks inherent to the products covered for in your past experiences and,
- Have an ability to deliver value added analysis and comment to trading desks and,
- Have an ability to identify risk measurement limitations
