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- Tasks: Lead portfolio risk monitoring and develop expert risk functions.
- Company: Join a dynamic financial institution focused on innovative risk management.
- Benefits: Enjoy competitive salary, professional growth opportunities, and a collaborative work culture.
- Why this job: Make a real impact in risk management while working with top-tier portfolio managers.
- Qualifications: 5+ years in risk management, strong knowledge of market risk models, and tech-savvy.
- Other info: Ideal for those passionate about finance and eager to shape enterprise risk frameworks.
The predicted salary is between 54000 - 84000 £ per year.
In addition to leading the portfolio risk monitoring programme, the incumbent will have the opportunity to develop an appropriately expert Risk Function
Responsibilities:
- Working with the Portfolio Risk Monitoring Team to deliver independent risk monitoring covers all the activities
- Designing, developing and implementing portfolio risk metrics, limits and Key Risk Indicators that will facilitate risk-based monitoring for both individual portfolios and for enterprise-wide risk monitoring.
- Participating in discussions with new and existing portfolio managers. This includes review and sign off of portfolio risk limits, operational and other guidelines.
- Determining Valuation Policy Guidelines and monitoring how they are applied to each portfolio. Ensuring that appropriate market and liquidity stress testing is conducted for each portfolio.
- Taking overall responsibility for Enterprise Risk Management Framework, Risk Appetites Framework key risk policies and ICARA reviews and processes. Working with Head of Operational Risk to confirm that our internal control framework is operating effectively and that operational risks are appropriately managed. This includes both portfolio management the systems that they use to place orders, settle transactions and monitor portfolio market values.
Qualifications
- A degree in a related discipline or related professional qualification
- At least five years’ experience of risk management at a relevant financial institution.
- Experience of investment strategies, market risk models including algorithms, VaR models and statistically based models.
- Experience of portfolio risk management including and stress testing of all fund financial risks including market and liquidity risks.
- Good knowledge of the UK and EU regulatory environment, IFRS accounting standards (particularly IFRS 9 and the UK’s FRS 102).
- Be comfortable working in a tech enabled environment. Experience of Model BI an advantage. Good knowledge of Excel, Word and PowerPoint assumed.
- Strong oral and written communication skills.
Head of Market Risk - Buy-Side Experience Essential employer: Austin Andrew
Contact Detail:
Austin Andrew Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Market Risk - Buy-Side Experience Essential
✨Tip Number 1
Make sure to familiarize yourself with the latest trends and developments in market risk management. This will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the industry, especially those who have experience in portfolio risk management. Attend relevant conferences or webinars to connect with potential colleagues and learn from their experiences.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented risk metrics or stress testing in previous roles. Being able to share concrete experiences will set you apart from other candidates.
✨Tip Number 4
Showcase your technical skills, particularly in Excel and any risk management software you’ve used. Being comfortable in a tech-enabled environment is crucial, so be ready to discuss how you've leveraged technology in your past work.
We think you need these skills to ace Head of Market Risk - Buy-Side Experience Essential
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and qualifications required for the Head of Market Risk position. Tailor your application to highlight your relevant experience in risk management, particularly in portfolio risk monitoring and stress testing.
Highlight Relevant Experience: In your CV and cover letter, emphasize your five years of experience in risk management at a financial institution. Include specific examples of your work with market risk models, investment strategies, and your familiarity with regulatory environments.
Showcase Technical Skills: Since the role requires comfort in a tech-enabled environment, make sure to mention your proficiency in tools like Excel, Word, and PowerPoint. If you have experience with Model BI or similar technologies, be sure to include that as well.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also demonstrates your understanding of the company's risk management framework. Discuss how your skills align with their needs and express your enthusiasm for the opportunity.
How to prepare for a job interview at Austin Andrew
✨Showcase Your Risk Management Expertise
Be prepared to discuss your experience in risk management, particularly in the context of portfolio risk monitoring. Highlight specific examples where you've successfully implemented risk metrics or limits, and how these contributed to effective risk management.
✨Demonstrate Knowledge of Regulatory Standards
Familiarize yourself with the UK and EU regulatory environment, especially IFRS accounting standards like IFRS 9. Be ready to discuss how you have applied these standards in previous roles and how they impact risk management practices.
✨Communicate Clearly and Effectively
Strong communication skills are essential for this role. Practice articulating complex risk concepts in a clear and concise manner. Prepare to explain your thought process during discussions about portfolio risk limits and operational guidelines.
✨Prepare for Technical Questions
Since the role involves working in a tech-enabled environment, be ready to answer technical questions related to market risk models, algorithms, and stress testing. Brush up on your knowledge of tools like Excel and any relevant software you’ve used in past positions.
