Head of Market Risk
International Bank - West End
£75- 92k
My client an international bank based in the West End are looking for a Head of Market Risk to manage the Bank’s market risks within the appetite set by the Board and improve and report on the effectiveness of the market risk framework, policies and procedures to both Executive Management and the Board.
Responsibilities
MAIN DUTIES
· Lead the development, management and maintenance of the Bank’s market risk framework, incorporating management tools, techniques and reports to support the business, Executive Management and regulatory reporting.
· Provide quantitative analyses and reporting on market risks, trading P&L, interest rate risk, position tracking against limits, and general risk management reporting for the Bank’s investment portfolio.
· Validate and approve pricing and valuation models for trading and investment positions.
· Produce daily, monthly and quarterly reporting to Executive Management and the Board on market risk appetite metrics and adherence to risk limits/policies.
· Engage with relevant business projects to ensure that market risk issues are properly considered in all material decisions and reported appropriately.
· To provide support and guidance to Treasury to ensure the Bank’s market risk appetite is understood and complied with at all levels.
· Assist in embedding a culture of strong risk management throughout the business by actively cultivating and maintaining stakeholder relationships and providing advice on risk management issues.
· Maintain awareness of developments in market risk and control assessment in the industry and provide thought leadership to management on issues relevant to the firm’s business profile.
· Assist in the development of the ICAAP, ILAAP and RRP documents for the Bank; contribute to the review of the scenario analysis framework
Other Job Requirements
· 4-6 years retail banking market risk experience and an in[1]depth understanding of market risk management.
· In-depth knowledge of fixed income trading products and markets; bonds, rates and derivatives.
· Solid understanding of market risk measurement methodologies (sensitivities, VaR and stress testing) and market risk policy development.
· Market facing experience in Credit Trading, Emerging Markets and FX market risk management.
· Strong knowledge of the UK regulatory environment
· Excellent understanding of processes, controls, and responsibilities associated with a banking institution.
· Excellent analytical skills.
· Strong Microsoft Office skills.
· Relevant professional qualifications are desirable.
· Flexible approach to meet changing requirements as and when they arise.
· Ability to influence business managers in a collaborative positive manner.
· Excellent written, oral communication and presentation skills.
· The ability to perform under pressure within time constraints
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