Senior Manager – Market Risk

up to £60,000 per annum

London, United Kingdom


Based in West London, our client is a small yet well-established global business that thrives on providing an excellent service for both customers and employees. They are growing rapidly and are now looking for a committed professional who is at the Senior Manager level within the Market Risk space who has the ambition and drive to become Head of Market Risk to join their team.


  • Maintain an effective risk management framework in which Market risk is effectively identified, quantified monitored and communicated.
  • Maintain a robust framework that focuses on proactive identification and accurate quantification of market risk
  • Communicate to management the nature and magnitude of market risk embedded within BBI activities under both normal and abnormal market conditions
  • Promote risk management practices which allow for management flexibility within a prudent control framework
  • Market Risk control and reporting functions.
  • Market Risk policy formulation and maintenance.
  • Quantitative analytics operations.
  • Reporting market positions to relevant senior executives.

Market Risk Control & Reporting

  • To monitor Market Risk in accordance with the Market Risk limit framework.
  • To control the assignment / transfer of positions between the Banking Book and the Trading Book.
  • To review the bank’s trading strategy on a quarterly basis.
  • To communicate to management, the nature and magnitude of Market Risk within BBI’s activities.
  • To ensure that all material Market Risks have been identified and are captured within the risk measurement framework.
  • To perform “back-testing” of the VaR model to assess its ongoing accuracy and appropriateness. This involves testing via simulation on relevant past data in order to gauge its effectiveness.
  • To perform “stress testing” via Monte Carlo simulation to determine reaction to different financial (particularly crisis) situations.
  • To identify market-related and product-related issues that impact on the risk management framework (e.g. limits, revaluations, etc).
  • To perform a co-ordination role in the New Product Approval Process.
  • To maintain a register of limits, approved products and trading books.
  • To maintain accuracy and integrity of the Market Risk information structure.

Market Risk Policy and Maintenance

  • To maintain a set of comprehensive risk policies which provide for the effective quantification, management and communication of all material Market Risk.
  • To support risk management framework development.
  • To assess the on-going appropriateness of the policy framework.
  • To assess the compliance with Market Risk policies.

Quantitative Analytics Operations

  • To maintain a rigorous risk measurement framework.
  • To determine stress test approaches.
  • To perform model validation and certification of all models used for risk quantification purposes.
  • To assess the on-going appropriateness of valuation and risk quantification approaches.
  • To provide quantitative Market Risk support and analysis to senior management.

Produce various exposure reports

  • BBI exposure report
  • Maintain FX P&L and FX rate records
  • Standard limited
  • Bond portfolio
  • Daily deposit
  • Liquidity statistical analyses
  • Quarterly exposure reports
  • Credit report for fixed income investment

If you are interested in applying for this exciting opportunity please email