Assistant Manager, Traded and Quantitative Risk in London

Market Risk is one of the major risk types in Financial Institutions, primarily the Capital Markets division of banks but also in other FIs who trade and consequently need to manage risk in their portfolios. Market Risk Capital amounts to anywhere from 15% to 25% of a bank's total capital requirement. The drivers of market risk and the process to calculate and manage this risk is complex.

The hired candidate will need a technical and practical understanding of Market Risk. They will need to have good knowledge of investment banking products and the associated risks with these (in particular FRTB) and in conjunction with this they will need to be able to communicate technical market risk information to non-technical senior management verbally and in writing. The successful candidate's broad understanding of market risk will later lead to the responsibility of managing multiple engagements in-line with also being a SME.

• Providing technical guidance and interpretation of prudential regulations (FRTB) for Capital Market Financial Services institutions.
• Provide input and/or lead technical presentations to FS clients covering Market Risk, key trends, technical insights.
• Developing and managing a portfolio of client relationships across the financial services sector to support business growth.
• Managing work-streams or projects as part of a Deloitte team to support FS clients manage their regulatory programmes such as FRTB.
• Lead and manage teams and individuals to support meeting client demands as well as providing the basis for people development, mentoring and leadership.
• When supporting our clients, we will be looking for individuals who can work in the Market Risk eco-system, either in the Front Office working with traders or quants, or in Risk Management working with the risk managers or quants.
• To have a broader perspective of potential issues encountered when managing diverse teams and the strategies to overcome them; have a clear understanding of the firm's commitment to creating a more inclusive culture.
• Managing diverse teams within an inclusive team culture where people are recognised for their contribution.

• A relevant university degree (Financial Mathematics, Business, Financial Engineering, etc), preferably with Honors (or equivalent).
• CFA designation preferred.
• Technical understanding of Market Risk/Quantitative MR: Definition and range of traded instruments; Which instruments generate market risk; How each instrument is valued; When each instrument should be used.
• Familiarity with traded risk measures, their derivation and use in the day-to-day risk-management operations of a financial institution.
• Use of VaR & Stressed VaR.
• Identifying and measuring Interest Rate in the Banking Book.
• Experience in market risk management processes and frameworks including governance, risk appetite, limits, identification, measurement, monitoring, reporting, and supporting data and infrastructure.
• Detailed knowledge of regulation impacting market risk.
• Familiarity with topical regulatory and risk-management issues and experience dealing with the associated practical challenges related to their management and measurement within a large-scale financial institution.
• Practical experience with development and implementation of market risk methodologies and frameworks.
• Knowledge and practical experience of all aspects (SA & IMA) of model development and validation.
• Understanding of the QIS (Quantitative Impact Study) for FRTB, experience in coordinating data collection and analysis in line with this would be advantageous.

• The ability to compile, digest and present technical information to a senior non-technical audience orally, visually and in writing.
• Utilising excellent interpersonal skills with a thorough technical understanding to facilitate workshops with clients.
• Team player with good organisational, planning and leadership skills.
• Sound people management skills and experience of developing and managing a team of professional staff.

In an ever-evolving world, there are no certainties in business. Our teams help clients to navigate risks, process major transactions and deliver transformational change that will future-proof their business. Join us to make a positive difference.

We provide advisory services across the risk and regulatory landscape to help our clients move beyond simply meeting the minimum compliance standards, to strategically creating a responsible, sustainable future. This includes providing critical insight and advice on the future of regulation to assist our clients in anticipating change and responding with confidence.

Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships).

You’ll be based in London with hybrid working. At Deloitte we understand the importance of balancing your career alongside your home life. That’s why we’ll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you’ll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely.

Making an impact is more than just what we do: it’s why we’re here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.

A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you’ll experience a purpose you can believe in and an impact you can see. You’ll be free to bring your true self to work every day. And you’ll never stop growing, whatever your level.