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.

Responsibilities: 

  • 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 info@inclusiverecruiting.co.uk