Market Risk Manager- Rates & Credit

Senior Market Risk Manager – Rates & Credit London (Hybrid) We are partnering with a leading alternative investment manager to appoint a Senior Market Risk Manager to sit close to the trading teams and own day‑to‑day risk for macro rates and credit strategies.

Senior Market Risk Manager – Rates & Credit
London (Hybrid)

We are partnering with a leading alternative investment manager to appoint a Senior Market Risk Manager to sit close to the trading teams and own day‑to‑day risk for macro rates and credit strategies. This is a high‑visibility role in a lean team, suited to someone who is comfortable challenging the desk, shaping risk frameworks and operating in a fast‑paced, performance‑driven environment.

Key responsibilities

• Act as primary market risk contact for macro rates and credit trading, maintaining a deep understanding of strategies, risk drivers and P&L.

• Monitor and explain daily risk and P&L, including VaR, sensitivities, stress and scenario results across interest rates, FX and credit products.

• Design and calibrate limits and risk appetites (VaR, stress, concentration, product and tenor limits), and propose adjustments in response to changing market conditions.

• Perform deep‑dive risk reviews on complex trades and portfolios, including structured/derivative exposures, and present findings to senior risk and investment committees.

• Develop and enhance stress‑testing frameworks, including macro and idiosyncratic scenarios across rates and credit markets.

• Partner with portfolio managers, quants and technology to improve risk infrastructure, reporting and analytics.

• Contribute to model and methodology discussions (e.g. VaR, sensitivities, stress, liquidity and valuation adjustments), ensuring they remain fit for purpose.

Required experience

• Strong track record (typically 5–10 years) in market risk within a trading‑floor environment (investment bank, hedge fund or similar buy‑side platform).

• Direct exposure to rates and/or credit trading businesses; familiarity with swaps, government and corporate bonds, futures, options and credit derivatives.

• Proven ability to interpret and challenge P&L and risk moves, and to communicate views clearly to senior risk managers and portfolio managers.

• Solid understanding of risk measures (VaR, sensitivities, stress tests, scenarios) and their limitations.

• Comfortable working with data and systems; practical experience in improving or building risk reports, dashboards or tools (Python/SQL or similar is advantageous but not essential).

If you meet the above set criteria, please apply or send a copy of your CV to hadjra.sohawon@robertwalters.com

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates