RIsk Project Manager

Credit & Market Risk Project Manager

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Credit Risk / Market Risk
EC2Y, London (Moorgate)
£726.43pd (Inside IR35 Contract)

Note: this role will initially stat Hybrid, dir to office refurb, but expectation that role holder will be happy 5 days a week on site, when refurb complete.

We\’re looking for an experienced Project Manager with a strong background in credit and market risk, specifically within the end of day risk domain (not front office risk). This is a unique chance to play a key role in a major integration project for a leading global financial institution, with significant exposure to senior stakeholders and the opportunity to shape new business processes from the ground up.

You will lead the risk workstream for a major integration programme, bringing together two entities with different technology stacks and business processes. The goal is to design and implement a new target operating model, reconciling differences and delivering a unified risk function across the combined entity.

Your focus will be on end of day risk. You\’ll work closely with market risk managers, credit risk managers, enterprise risk managers, and liquidity risk managers to deliver regulatory and business requirements. Relevant experience could include projects related to FRTB (Fundamental Review of the Trading Book), credit risk, risk engines, and BCBS (Basel Committee on Banking Supervision) activities.

What You\’ll Do

Lead the risk workstream, delivering requirements and collaborating with other business units

Engage with credit, market, enterprise, and liquidity risk managers to gather and document requirements

Work with business analysts and technology teams to ensure successful project delivery

Report and provide status updates to senior executives, including the EMEA CIO and CRO

Support the portfolio manager with governance and delivery across the portfolio

Identify and resolve project issues, risks, and concerns swiftly

Manage third-party vendors in line with procurement and vendor management policies

Recruit and manage project delivery staff as needed

Ensure project steering committees are kept informed and escalate risks/issues appropriately

What We\’re Looking For

Proven track record of delivering credit and market risk change projects within financial institutions, on time and within budget

Demonstrable experience in investment budget management, project governance, and full project lifecycle management

Experience working with risk managers across credit, market, enterprise, and liquidity risk

Hands-on experience with end of day risk processes and regulatory projects (e.g., FRTB, BCBS)

Strong understanding of how trade, counterparty, and reference data feed into risk systems, how risk calculations are performed, and how results are reported to business users

Ability to document processes, gather requirements, and translate them for business analysts and technology teams

Excellent communication skills, with experience presenting to and working with senior executives

Strong knowledge of banking regulations and financial products

Experience managing multiple stakeholders and building relationships across diverse business functions

No specific risk system experience required, but an understanding of risk data flows and processes is key

Additional Information

The project covers the EMEA region but will require interaction with global partners, including teams in Europe and Asia.

This is a long term contract opportunity, and whilst the role is initially signed off to run until October, work is expected to last up to two years and renewals / extensions are expected to bring this to around two years of work.
This role is contractually fully onsite (five days per week), however due to office refurbishments, the current requirement is two days onsite per week for the next 3-4 months. After that the expectation is to return to five days onsite per week.

This is an Inside IR35 contract and you will need to contract through an FCSA accredited Umbrella company on PAYE. The day rate we pay your umbrella is £726.43.

If you have a strong background in project management and risk within the banking sector, and are ready to take on a challenging and rewarding role, we encourage you to apply!

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