Market Risk Manager
Salary £85,000 - £100,000 per annum
Consultant Pardeep Thind
Date posted 10 September 2018 2018-09-102018-10-28 banking UK Robert Walters United Kingdom
I have a fantastic position for a Market Risk Analyst to join a leading Investment Bank. The successful candidate will have a very strong technical understanding of market risk calculation and aggregation, the ability to interpret complex risk reports from multiple sources and the ability to identify key material risk.
Market Risk Analyst reporting to the Head of Market Risk Aggregation and Capital. Responsibilities include; assisting in the development and interpretation of aggregate risk reports; drafting materials for internal governance meetings; maintenance of market risk policy; support for various GACH areas of responsibility; co-ordinating response to various regular and ad hoc regulatory enquiries; and involvement as market risk SME in ongoing and incoming regulatory priorities.
Impact on Business
Assist the Head of MRAC with the development of high quality aggregate risk reports
Understand and interpret aggregate risk reports across trading and banking books and be prepared to escalate risk concentrations and significant risk movements as required
Draft materials for internal governance meetings as required and provide expert commentary when requested
Work with team to maintain accurate and up to date market risk policy documents
Make significant contribution on market risk aspects of various incoming regulations (including FRTB)
Build expert knowledge of existing regulations as they impact market risk and provide leadership on these topics to wider Traded Risk function (including Volcker Rule, ICAAP etc.)
Provide support to TR GACHs on various responsibilities and regulatory priorities
Co-ordinate the response to various ad hoc enquiries from regulators
Provide analysis of Market Risk RWA utilisation
Understand and contribute to other areas of focus for the team including the Annual Limit Review, ICAAP etc.
Operational Effectiveness & Control
Development and implementation of risk effective processes
Maintenance of market risk policy that is up to date and relevant
Timely response to internal market risk enquiries and input to external
Management of a diverse group of senior stakeholders
Appropriate prioritisation of work to cover longer-term projects and near term requests
Accumulating sufficient knowledge in range of market risk topics in order to make significant contribution on Group aggregate risk and capital subject matter
Provision of clear and concise updates to head of MRAC
Deep understanding of the business environment coupled with an appreciation of incoming and ongoing regulatory challenges
Management of Risk
The jobholder should consistently display the behaviours that form part of the Values and culture and adhere to risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.
The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the ‘Three Lines of Defence’. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.
Through the implementation the Global AML, Sanctions and ABC Policies, supporting Guidance, and Line of Business Procedures the jobholder will make informed decisions in accordance with the core principles of the groups Financial Crime Risk Appetite.
Responsibility for overseeing and ensuring that Operational risks are managed in accordance with the Group Standards Manual, Risk FIM, & relevant guidelines & standards. Should comply with the detailed expectations and responsibilities for their core role in operational risk management through ensuring all actions take account of operational risks, and through using the Operational Risk Management Framework appropriately to manage those risks.
2 years+ experience in either Market Risk or Trading
Very strong technical understanding of market risk calculation and aggregation
Ability to interpret complex risk reports from multiple sources and ability to identify key material risks
Understanding of market risk regulation and incoming regulatory directives
Good communication and interpersonal skills
Ability to form strong working relationships
Good knowledge of Markets products
Ability to understand and interpret complex business requirements
Ability to obtain data from multiple sources, link and analyse data
Ability to prioritize competing demands