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- Tasks: Lead risk management for derivatives, enhancing frameworks and models while collaborating with senior stakeholders.
- Company: Global financial markets infrastructure leader with a focus on innovation and risk management.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Join a fast-paced team dedicated to maintaining a robust risk culture.
- Why this job: Make a significant impact in a high-stakes role at the forefront of financial markets.
- Qualifications: Experience in trading and market risk management, strong analytical skills, and effective communication.
The predicted salary is between 80000 - 100000 £ per year.
A leading global financial markets infrastructure business is seeking a Front Office Risk Manager to join its first line risk function. This is a high-impact role sitting close to senior management and the business, responsible for overseeing day-to-day risk management across a broad range of derivatives products and asset classes.
The ideal candidate will bring a rare combination of trading experience and market risk management expertise. They will be commercially minded, technically strong, and able to balance robust risk governance with the needs of a complex, fast-moving markets business.
This role would suit someone who has operated in a front office, market risk, clearing, exchange, hedge fund, or investment banking environment and is comfortable working with senior stakeholders on complex risk issues, model enhancement, risk infrastructure, and new product initiatives.
Key Responsibilities- Oversee and enhance the day-to-day risk management framework for a complex derivatives-focused business.
- Identify opportunities to improve risk models, risk processes, controls, and infrastructure.
- Lead projects to design and implement enhancements to risk methodologies, systems, tools, and processes.
- Work closely with senior management, business stakeholders, risk committees, and external counterparties.
- Ensure the risk management framework and associated policies remain aligned with regulatory expectations, internal standards, and market best practice.
- Balance regulatory compliance, prudent risk management, and commercial business requirements.
- Monitor risk model performance, including backtesting, stress testing, and other model validation or performance assessment processes.
- Conduct quantitative analysis to support the calibration, refinement, and enhancement of risk models.
- Contribute to the development of risk policies, methodologies, and governance materials.
- Prepare clear documentation and presentations on risk models, policies, and frameworks for senior stakeholders, committees, regulators, and external participants.
- Conduct thematic research and ad hoc analysis on market risk topics, market events, emerging risks, and new products.
- Support the development of new risk initiatives that enhance business capability while maintaining strong risk controls.
- Provide guidance to analysts and junior colleagues, helping to foster a strong first line risk culture.
The successful candidate will ideally have experience in both trading and market risk management, with a strong understanding of derivatives, risk models, and front office decision-making. They will be comfortable engaging with senior stakeholders, challenging existing approaches, and driving practical improvements to risk frameworks, models, and infrastructure.
Required Experience- Previous experience in a front office risk, market risk, trading, or risk management role within an investment bank, hedge fund, clearing house, exchange, commodities business, or similar financial markets environment.
- Strong understanding of derivatives products across one or more asset classes.
- Proven experience applying market risk models and techniques, including some or all of: Value at Risk, Stress testing, Backtesting, Liquidity risk modelling, Margin methodologies, Model performance monitoring.
- Demonstrable ability to analyse complex risk problems and develop practical, well-structured solutions.
- Experience contributing to model, methodology, infrastructure, or process enhancement projects.
- Strong written and verbal communication skills, with the ability to explain technical risk issues clearly to senior management and non-technical stakeholders.
- Ability to work independently while contributing effectively to a collaborative team environment.
- Strong attention to detail, commercial judgement, and problem-solving ability.
- Prior experience as a trader, structurer, or front office risk taker before moving into market risk or first line risk.
- Experience within clearing, exchanges, commodities, futures and options, or centrally cleared markets.
- Master’s degree or equivalent qualification in Mathematical Finance, Financial Engineering, Quantitative Finance, Mathematics, Physics, Engineering, Economics, or a related discipline.
- Experience with SQL and Python.
- Familiarity with regulatory expectations for market infrastructure, clearing, margin models, or financial risk governance.
- Commercially aware and risk-focused.
- Confident engaging with senior stakeholders.
- Able to challenge constructively and influence decision-making.
- Strong analytical and quantitative mindset.
- Pragmatic, delivery-focused, and comfortable leading projects.
- Able to operate effectively in a fast-paced, technically demanding environment.
- Committed to maintaining a strong risk culture.
Head of Private Markets - Credit Risk in City of London employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Private Markets - Credit Risk in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in risk management or have ties to the company you're eyeing. A friendly chat can open doors and give you insider info that could set you apart.
✨Tip Number 2
Prepare for interviews by diving deep into the company's risk management practices. Show them you know their stuff! Bring examples of how you've tackled complex risk issues in the past, and be ready to discuss how you can enhance their frameworks.
✨Tip Number 3
Don’t just wait for job openings to pop up! Keep an eye on our website and apply proactively. Even if there’s no specific role listed, expressing your interest can put you on their radar for future opportunities.
✨Tip Number 4
Follow up after interviews with a thank-you note that highlights key points from your conversation. This shows your enthusiasm and keeps you fresh in their minds. Plus, it’s a great chance to reiterate how your skills align with their needs!
We think you need these skills to ace Head of Private Markets - Credit Risk in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Head of Private Markets - Credit Risk role. Highlight your trading experience and market risk management expertise, as these are key for us.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share specific examples of how you've improved risk models or processes in the past, and show us your commercial mindset.
Showcase Your Communication Skills: Since you'll be engaging with senior stakeholders, it's crucial to demonstrate your strong written communication skills. Make sure your application materials are clear, concise, and free of jargon where possible.
Apply Through Our Website: We encourage you to apply directly through our website. This way, we can ensure your application is reviewed promptly and you get the best chance to shine in front of our hiring team!
How to prepare for a job interview at Barclay Simpson
✨Know Your Risk Models Inside Out
Make sure you have a solid understanding of the risk models relevant to the role, such as Value at Risk and stress testing. Be prepared to discuss how you've applied these models in past roles and any improvements you've made to them.
✨Engage with Senior Stakeholders
Since this role involves working closely with senior management, practice articulating complex risk issues in a clear and concise manner. Think of examples where you've successfully communicated technical concepts to non-technical stakeholders.
✨Showcase Your Trading Experience
Highlight your trading background and how it informs your approach to risk management. Be ready to discuss specific scenarios where your trading experience helped you identify and mitigate risks effectively.
✨Prepare for Practical Problem-Solving
Expect to face hypothetical risk scenarios during the interview. Brush up on your analytical skills and be ready to demonstrate how you would approach solving complex risk problems, balancing regulatory compliance with business needs.