Senior Market Risk Manager – Credit Spread recruitment
Main responsibilities will include:
• Ensure that robust controls are in place to so that the market risk for the Credit Trading desks is adequately identified, monitored and managed
• Analyse the books’ risk profile, review daily market risk reports with a focus on significant risks, including obligor concentrations and basis risks.
• Provide detail commentary on the current risk profile, including analysis of changes and emerging trends.
• Pro-actively monitor risk limit utilisations, identify, escalate and resolve limit breaches.
• Represent Market Risk in various forums, e.g. new products approval, challenging proposals and seeking solutions as appropriate
• Manage the process of change to the risk control framework in line with new regulatory / internal directives
• For new risks not currently captured, design and implement appropriate analytics and risk metrics, in conjunction with the risk infrastructure and methodology and analytics teams.
• Design and report appropriate stress tests for these books, including calibration of the tests to historical data.
• Understand and review the daily PL attribution and its relation with the reported risk exposures and comparison with own estimates. Where there are surprises, i.e. unexpected PL, follow up and identify the causes.
The successful candidate will have excellent analytical skills, Change Management experience as wells as good communication skills.