Business IT Process Owner for Market Risk Reporting

This role is open within a leading Global Consulting company and is dedicated to coordinating all market risk related processes for one of their banking clients in Hamburg, Germany.

-> Position is open to both contractors and permanent employees.

The Business IT Process Owner for Market Risk Reporting will:

• report directly to the Program director and will coordinate multiple application managers across the risk data workflow, ranging from source systems, data warehouse to the risk engine and reporting solution, including all associated interfaces

=> This is a high responsibility, high profile position within the organization and the bank

• be responsible for overseeing the ‘Run the Bank’ and continuous improvement of market risk reporting processes within the bank. This role is critical to ensuring that risk reports are accurate, timely, and aligned with regulatory requirements and internal risk management strategies.

• manage and prioritize incidents, including emergency support, within the business area. This role requires full accountability and ownership of all incidents, ensuring timely resolution and effective communication with stakeholders.

• will collaborate with risk business teams, IT, and business stakeholders to optimize reporting workflows and ensure data integrity.

Strong analytical skills along with background in banking regulations and process improvement are essential to ensure regulatory compliance and regulations.

Responsibilities

• Act as the primary owner for all processes related to Market Risk calculations and Reporting, including VaR, stress testing, and scenario analysis.
• Oversee the end-to-end reporting process to ensure timely delivery of accurate market risk reports to BUs (Business Units) and regulatory bodies.
• Continuously evaluate and enhance the Market Risk process landscape to improve efficiency, accuracy, and compliance.
• Collaborate with the market risk, finance, IT, and compliance teams to ensure alignment of risk data with business objectives and regulatory expectations.
• Ensure data integrity and consistency across all market risk reporting processes by working closely with BU teams.
• Identify, track, and resolve data quality issues that could impact the accuracy of reports
• Ensure that market risk reports meet internal as well as regulatory requirements, keep up-to-date with changes in regulatory requirements and ensure the market risk reporting process is adjusted accordingly
• Establish and maintain governance frameworks for market risk reporting, ensuring E2E visibility and production stability

Qualifications

• Bachelor’s or Master’s degree in Finance, Risk Management, Economics, or a related field. Professional qualifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are desirable.
• 10 years of experience in market risk management, risk reporting, or a related field in banking, financial services or consulting with at least 2 years in a leadership role.
• Strong understanding of market risk concepts (VaR, stress testing, sensitivity analysis, fair values) and financial products (derivatives, bonds, equities, loans, deposits, etc.)

Strong analytical, problem-solving, and project management skills.

• knowledge and understanding of regulatory frameworks related to market risk (Basel III/IV, FRTB)
• Strong communication and stakeholder management skills, ability to lead cross-functional teams and manage projects
• Excellent English skills, German would be a plus

Working Conditions:

• Competitive rate for contractors / very good compensation for permanent employees
• Primarily office-based in central Hamburg, at least 3 days/week in the office
• Flexibility to work outside of standard hours as needed to meet deadlines or resolve critical issues.