At a Glance
- Tasks: Monitor and report market risk across various financial products while ensuring compliance with regulations.
- Company: Dynamic banking branch in Central London with a focus on risk management.
- Benefits: Competitive salary, professional development, and a vibrant office environment.
- Other info: Collaborative culture with opportunities for growth and innovation.
- Why this job: Join a leading team to shape market risk strategies and make a real impact.
- Qualifications: Fluent in Mandarin and English with 4+ years in market risk management.
The predicted salary is between 60000 - 80000 £ per year.
Location: Central London
Job status: Permanent, office based
Salary: Competitive depending on experience
To be successful in this role our client has said it is essential that candidates:
- Speak and write fluent Mandarin and English
- Have Market Risk experience across relevant products (e.g., FX, interest rate products, repos, fixed income and derivatives)
Summary
The Market Risk Manager is responsible for overseeing, measuring, and reporting the market risk arising from the branch’s trading and banking book activities. This role ensures that the branch operates within its risk appetite and complies with UK regulatory expectations, including PRA Rulebook requirements, FCA Handbook obligations, and relevant supervisory statements for third‑country branches. The role combines hands‑on risk analysis with governance, oversight and challenge. It requires strong technical expertise, sound judgement, and the ability to engage credibly with senior management, traders and head office.
What You’ll Be Doing Each Day
- Monitor, measure and report market risk exposures across all relevant products (e.g., FX, interest rate products, repos, fixed income and derivatives).
- Ensure adherence to risk limits, triggers, and escalation procedures defined by the Head Office and the branch.
- Perform daily risk analysis including VaR, sensitivities, stress testing, scenario analysis, and limit utilisation.
- Responsible for modelling and monitoring of IRRBB and transaction FX risk.
- Identify emerging risks and propose enhancements to risk measurement methodologies.
- Support the branch’s stress testing and scenario design.
- Prepare materials for GM, CRO, Risk Committee and ALCO, and senior management meetings.
- Contribute to regulatory submissions and respond to queries related to market risk.
- Ensure compliance with SMCR responsibilities applicable to the role.
- Develop, maintain and implement market risk policies, procedures, and control standards.
- Provide independent challenge to the Front Office on pricing, valuation, and risk‑taking activities.
- Oversee model governance for market risk models used by the branch, including VaR, IRRBB, sensitivities, and stress testing frameworks.
- Support validation of pricing models and valuation adjustments.
- Produce daily, weekly, monthly and quarterly market risk reporting for branch management and Head Office.
- Analyse drivers and ensure alignment between risk measures and actual trading outcomes.
- Monitor market developments and assess their impact on the branch’s market risk profile.
- Act as the primary point of contact for market risk matters within the branch.
- Work closely with branch Front Office, Finance, Compliance and Internal Audit, and Head Office.
- Liaise with Head Office risk teams to ensure consistent application of risk standards.
- Lead and contribute to ad‑hoc risk management initiatives and projects.
- Other activities assigned by the GM, CRO or Head of Risk Management.
The Skills You’ll Need to Succeed
- Excellent verbal and written communication and presentation skills in Mandarin and English.
- University degree in Finance, Economics, Mathematics, Engineering, or related field with at least 4 years experience in market risk management and/or trading functions at a UK.
Banking Job - Mandarin speaking Market Risk Manager - rj in London employer: First People Recruitment
As a leading financial institution located in the heart of Central London, we pride ourselves on fostering a dynamic and inclusive work environment that values diversity and innovation. Our commitment to employee growth is reflected in our comprehensive training programmes and opportunities for career advancement, ensuring that our team members thrive both personally and professionally. With competitive salaries and a strong focus on work-life balance, we offer a rewarding workplace where your contributions are recognised and valued.
StudySmarter Expert Advice🤫
We think this is how you could land Banking Job - Mandarin speaking Market Risk Manager - rj in London
✨Tip Number 1
Network like a pro! Reach out to professionals in the banking and market risk sectors on LinkedIn. Join relevant groups and participate in discussions to get your name out there and show off your expertise.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and market knowledge. Be ready to discuss specific products like FX and derivatives, and how you’ve managed risks in past roles. We want you to shine!
✨Tip Number 3
Don’t just wait for job openings to pop up! Keep an eye on our website and apply directly through us. This way, you’ll be one step ahead and show your enthusiasm for the role.
✨Tip Number 4
Follow up after interviews with a thank-you email. It’s a great way to reiterate your interest in the position and remind them of your qualifications. Plus, it shows you’re proactive and professional!
We think you need these skills to ace Banking Job - Mandarin speaking Market Risk Manager - rj in London
Some tips for your application 🫡
Show Off Your Language Skills:Since this role requires fluency in both Mandarin and English, make sure to highlight your language skills right at the top of your application. Use clear examples of how you've used these languages in a professional setting, especially in market risk management.
Tailor Your Experience:We want to see how your experience aligns with the job description. Be specific about your market risk experience, especially with products like FX, interest rate products, and derivatives. Use bullet points to make it easy for us to see your relevant skills.
Be Clear and Concise:When writing your application, keep it straightforward. Avoid jargon unless it's necessary, and make sure your sentences are easy to read. We appreciate clarity, so get to the point while still showcasing your expertise.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter.
How to prepare for a job interview at First People Recruitment
✨Brush Up on Your Market Risk Knowledge
Make sure you’re well-versed in market risk concepts, especially those relevant to FX, interest rates, and derivatives. Be prepared to discuss your previous experience in these areas and how it relates to the role.
✨Showcase Your Bilingual Skills
Since fluency in Mandarin and English is crucial, practice articulating your thoughts in both languages. You might be asked to switch between them during the interview, so being comfortable with this will impress your interviewers.
✨Prepare for Technical Questions
Expect questions that test your technical expertise in risk analysis, such as VaR and stress testing. Brush up on your methodologies and be ready to explain how you’ve applied them in past roles.
✨Engage with Real-World Scenarios
Be ready to discuss recent market developments and their potential impact on risk profiles. This shows that you’re not just knowledgeable but also actively engaged with the current market landscape.
