The Market Risk Manager will perform the following Duties;
The risk manager will be responsible for identification of key markets related risk issues for London activity setting market risk limits, reviewing new products, assisting with key regulatory initiatives, managing the development of key risk system infrastructure and communication/elevation of key issues in order to maintain credit markets risk management of the highest possible standards.
Demonstrate outstanding leadership and management skills with respect to direct reports, as well as MRM and Fixed Income markets focused personnel in other support areas.
Establish a very strong partnership with front office business management, credit risk management, capital management, regulatory finance, the quantitative model review group & IT whilst maintaining the ability to question and contest as necessary.
Management of the annual market risk limit review for Fixed Income business lines
Oversight / delivery of stressed VaR for Fixed Income business lines
Provision of market risk management information to senior management as necessary to enable decision making with regards to positions
Provide management with expert advice on market risk and VaR related regulatory charges and controls
Implementation of systems strategy to ensure that the market risk function is able to effectively and efficiently perform its core functions.
Reviewing new products and structures to identify all material market risks and ensuring effective controls surround these to ensure appropriate risk management occurs during their life cycle
Development of stress testing scenarios, reverse stress testing and the stress testing platform
Oversight of the market risk monitoring processes with respect to market conditions, regardless of whether close or in excess of limits, and escalation of any identified inappropriate activity to senior management.
Oversight/ delivery of FRTB for Fixed Income business lines
Demonstrate compliance with all relevant internal and external rules, regulations.
The Market Risk Manager will have the following expeirence;
8-10 years+ experience in either Market Risk or Trading
Very strong technical understanding of market risk calculation and aggregation
Preferably hold an international financial/risk accreditation e.g. CFA, FRM, PRM
Strong quantitative and/or business related university qualification
Solid experience in Market Risk Management and / or Fixed Income Trading
Outstanding in depth knowledge of Rates and/or Credit markets and products,
Outstanding communication and interpersonal skills
Strong quantitative skills i.e. derivative pricing, VaR methods, market data analysis
Strong technical skills (VBA, SQL, Matlab, C++ etc)
Fixed Income markets savvy
Ability to understand and interpret complex business requirements