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Market Risk Manager - Ref: 1705-66

  • Location: London - London
  • Salary: up to £70K
  • Job Type: Permanent
  • Languages: No languages
  • Categories: Financial Services


Job title: Market Risk Manager

key skills: Sound understanding of VaR, EaR, EVE. Great knowledge about the operation risk framework.

status: Permanent

salary: up to £70K

Location: Centre London

Key responsibilities:

Market Risk

  • Identifying, measuring and managing Interest rate risk, FX risk and other market risks.
  • Monitor market-related risks against predefined limits established by senior management.
  • Production of daily risk management reports, scheduled reports to Head Office and periodic report and/or memorandum to Local senior management.
  • Work closely with front office to assess trading capability of new products and business strategy.
  • Work with front office to establish and review risk appetite framework and business strategy to achieve revenue target and new business growth.
  • Reviewing new products from a market risk perspective and will need to work closely with Business, Finance and Treasury to ensure that the market risks are hedged/managed appropriately.
  • Review and challenge of Product and Structural hedging strategies proposed by Treasury.
  • Ensuring compliance with Bank Market Risk policies

Operational risk

  • Serve as the Risk Partner providing independent oversight and advice surrounding operational risks.
  • Assist the business and infrastructure in the evaluation and assessment of risk events that may lead to operational, financial, and/or reputational issues.
  • Ensure that the Operational Risk framework is understood and effectively applied.
  • Collaborate with the business to ensure that risk events are appropriately documented, reported, and remediated.
  • Assess Operational Risks associated with new products and/or initiatives
  • Support strategic initiatives and special projects as assigned by Risk or the business.
  • Participate in committees, forums and working groups to ensure that Operational Risks are appropriately understood and addressed

Key Skills:

  • Bachelor’s degree in quantitative discipline (Actuarial Science, Mathematics, Statistics, etc)
  • Extensive years of relevant work experience, preferably in capital markets space
  • Knowledge of derivatives and their key risks, particularly interest rate and FX products.
  • Strong knowledge of VaR, EaR, EVE and other market risk management tools and practices.
  • Comprehensive understanding of governance and control frameworks
  • Excel (intermediate) and Word proficiency is a prerequisite, along with knowledge in spreadsheet base macros such as Visual Basic etc.
  • Good organizational and follow-up skills and the ability to under the pressure of deadlines
  • Thank you for taking the time to apply to People First.  If your application is successful, you will be contacted within 7 days but I’m afraid that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

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