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- Tasks: Lead the implementation of a new Securities Trading System and design risk reports.
- Company: Join a dynamic Investment Bank in the Middle East, driving innovative financial solutions.
- Benefits: Competitive rate, onsite experience, and a chance to work on cutting-edge projects.
- Why this job: Be a key player in a high-impact project with significant regulatory influence and career growth.
- Qualifications: 7-10 years in market risk management, with proven success in trading system implementations.
- Other info: This is a 6-month contract role requiring onsite presence in the Middle East.
The predicted salary is between 42000 - 84000 £ per year.
3 weeks ago Be among the first 25 applicants
I am keen to speak with, Market Risk Specialists who are keen to take on a exciting challenge with an Investment Bank, in the middle east. This is a 6 month contract which will require you to work onsite in the middle east. Client and exact location to be discussed.
The Investment bank are implementing a new Securities Trading System and they require a Market Risk Specialist to define system specifications, design and build risk reports, establish a robust limit structure, conduct comprehensive testing, and document procedures, acting as the leading authority with minimal reliance on in-house input. As a key member of a cross-functional project team under overall project management, the Market Risk Expert will drive the project through design, build, testing, and go-live phases, ensuring alignment with business objectives and regulatory requirements. The role reports directly to the Head of Risk and the COO, who is leading the project.
Responsibilities include:
- Independently define detailed system requirements and specifications for the proprietary trading system, collaborating with the trader, IT, and other stakeholders with limited in-house expertise
- Enhance and update the banks existing market risk governance structures, including escalation committees, model governance protocols, and clear ownership for limit monitoring, breaches, and remediation
- Develop and implement risk reports, models, and tools to monitor traded and non-trade market risk exposures, including but not limited to; Value-at-Risk (VaR), sensitivity analysis, and portfolio stress tests, with minimal guidance from the organization
- Design and execute backtesting models to validate VaR and other model outputs, ensuring regulatory compliance with Basel backtesting standards and regulatory requirements
- Ensure risk reporting supports regulatory capital computation and attribution, aligned with Basel II and Basel III FRTB standards
- Design and implement limit frameworks with dynamic calibration logic to ensure limits remain risk-sensitive and adaptive to portfolio composition, market volatility, and liquidity conditions, including monitoring tools that automatically adjust or flag limits as market conditions evolve
- Independently develop and validate severe but plausible market risk scenarios, aligned with regulatory expectations under CBO Circular BM-1200, and integrate these into capital and risk reporting
- Develop capital allocation models compliant with Basel II and Central Bank regulations for market risk capital and Basel III FRTB standards, including standardised and internal models approaches as appropriate
- Lead the design and integration of market risk components into the ICAAP framework, ensuring alignment of risk quantification, capital planning, stress testing, and governance with regulatory expectations
Requirements
- Minimum of 7-10 years of experience in market risk management within proprietary trading or investment banking environments, with a focus on bonds and equities
- Essential: Clear, proven track record of successfully delivering similar trading system implementation projects (e.g., risk management system upgrades or new system deployments) at a previous organization, with demonstrable outcomes, achieved independently as the primary expert
- Extensive experience in autonomously designing risk frameworks, writing risk policies, devising testing protocols, and conducting stress tests for prop trading
- Familiarity with trading systems (e.g., Bloomberg, Murex, Calypso, or similar) and their risk management modules
- Strong understanding of risk metrics (VaR, Greeks, stress testing) and financial instruments (bonds, equities)
- Expertise in system testing methodologies and tools, with the ability to design tests from scratch
Benefits
Rate to be discussed.
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Contract
Job function
-
Job function
Consulting
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Industries
IT Services and IT Consulting
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Market Risk Specialist employer: G MASS Consulting
Contact Detail:
G MASS Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Specialist
✨Tip Number 1
Network with professionals in the investment banking sector, especially those who have experience with trading system implementations. Attend industry events or webinars to connect with potential colleagues and learn about their experiences.
✨Tip Number 2
Familiarise yourself with the specific trading systems mentioned in the job description, such as Bloomberg or Murex. Consider taking online courses or certifications that focus on these platforms to enhance your technical knowledge.
✨Tip Number 3
Prepare to discuss your previous project experiences in detail, particularly those related to risk management system upgrades or new deployments. Be ready to highlight your role and the outcomes you achieved independently.
✨Tip Number 4
Stay updated on the latest regulatory requirements and standards, such as Basel II and III. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and risk management best practices.
We think you need these skills to ace Market Risk Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in market risk management, especially in proprietary trading or investment banking. Focus on specific projects where you've successfully implemented trading systems and mention any relevant tools like Bloomberg or Murex.
Craft a Strong Cover Letter: In your cover letter, emphasise your proven track record in delivering trading system implementation projects. Discuss how your skills align with the responsibilities outlined in the job description, such as defining system specifications and developing risk reports.
Showcase Relevant Experience: When detailing your work history, highlight your experience with risk metrics like VaR and stress testing. Provide examples of how you've designed risk frameworks and conducted comprehensive testing, ensuring to mention any regulatory compliance you’ve achieved.
Prepare for Technical Questions: Be ready to discuss your technical expertise during the application process. Prepare to explain your understanding of risk management modules and your experience with system testing methodologies, as these will likely be key topics in interviews.
How to prepare for a job interview at G MASS Consulting
✨Showcase Your Experience
Make sure to highlight your 7-10 years of experience in market risk management. Be prepared to discuss specific projects where you successfully delivered trading system implementations, focusing on your role as the primary expert.
✨Demonstrate Technical Knowledge
Familiarise yourself with trading systems like Bloomberg or Murex and their risk management modules. Be ready to explain how you've used these tools in past roles, especially in designing risk frameworks and conducting stress tests.
✨Prepare for Scenario Questions
Expect questions about developing severe but plausible market risk scenarios. Prepare examples of how you've integrated these into capital and risk reporting, ensuring compliance with regulatory expectations.
✨Understand Regulatory Standards
Brush up on Basel II and III standards, particularly regarding capital allocation models and risk reporting. Be ready to discuss how your work aligns with these regulations and how you've ensured compliance in previous roles.