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- Tasks: Lead and enhance our quantitative market risk framework while developing a high-performing team.
- Company: Join IG Group, a tech-driven fintech with a focus on innovation and growth.
- Benefits: Enjoy a competitive salary, performance bonuses, and comprehensive benefits.
- Why this job: Be a hands-on leader in a dynamic environment, making a real impact in financial risk.
- Qualifications: Experience in quantitative risk and strong Python skills are essential.
- Other info: This role offers autonomy and the chance to work with cutting-edge technology.
The predicted salary is between 80000 - 100000 £ per year.
IG Group is seeking a technically exceptional, commercially sharp Senior Manager, Financial Risk to take ownership of our quantitative market risk framework — including the build, enhancement, and governance of key risk models including VaR, Expected Shortfall, prudential stress testing, bespoke credit risk stress tests — and to drive the evolution of our risk technology capability in the cloud. This is a player-manager role. You will be hands-on in the code, building and owning models directly, while also leading and developing a team of quantitative risk professionals. You will serve as deputy to the Head of Financial Risk, stepping up to lead the function when required. We are looking for individuals from quantitative risk, model risk, or front-office quant backgrounds — those who have built and owned market risk models at hedge funds, proprietary trading firms, or investment banks, and who are energised by the opportunity to apply that expertise within a high-growth, technology-led fintech.
Beyond the technical, you will be a role model within the team for commerciality, pace, and genuine business partnership — engaging stakeholders as a strategic enabler rather than a gatekeeper.
Key Responsibilities- Lead model governance — owning documentation, presenting to the Risk Committee, and responding to regulatory and internal audit requirements
- Continuously evolve stress test methodologies in response to changing market conditions, new products, and regulatory requirements
- Maintain compliance of all risk models and processes with applicable global regulatory requirements (FCA, BaFin, NFA etc)
- Raise team capability through active player-manager coaching and knowledge sharing
- Significant experience in quantitative risk, model risk, or front-office quant roles at a hedge fund, proprietary trading firm, or investment bank — with deep, hands-on expertise in market risk
- Strong, demonstrable Python development skills — writing production-quality, version-controlled code in a professional environment, not just scripts
- Experience building or deploying models in a cloud environment (AWS, GCP, or Azure)
- Applied experience using machine learning in a quantitative risk or financial modelling context
- Experience designing and building stress testing frameworks, including scenario design and methodology documentation
- Experience partnering with business or product teams on risk assessment for new instruments or market entries
- Demonstrated ability to operate in a player-manager capacity — directly contributing technically while leading others
- A natural player-manager and role model: technically credible, commercially minded, leads by example on pace and partnership
Player-Manager Autonomy: A rare role that keeps you technically hands-on while giving you genuine leadership responsibility and a clear deputy mandate. We’re actively seeking talent from hedge funds, prop trading, and investment banking quant teams — and we offer the pace and technical ambition to match that background. Highly competitive base salary, performance bonus, LTIP participation, and a comprehensive benefits package commensurate with a top-tier quantitative hire.
Senior Manager, Financial Risk employer: IG Group
Contact Detail:
IG Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Manager, Financial Risk
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and risk sectors. Attend industry events or webinars where you can meet potential employers or colleagues. Remember, sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Show off your skills! If you’ve got hands-on experience with Python or cloud technologies, create a portfolio showcasing your projects. This could be anything from models you've built to stress testing frameworks. Having tangible examples of your work can really set you apart during interviews.
✨Tip Number 3
Prepare for those tricky interview questions! Brush up on your knowledge of market risk models and regulatory requirements. Be ready to discuss how you’ve tackled challenges in previous roles, especially in a player-manager capacity. We want to see your thought process and how you lead teams under pressure.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search. So, get your application in and let’s see if you’re the perfect fit for our team!
We think you need these skills to ace Senior Manager, Financial Risk
Some tips for your application 🫡
Show Off Your Technical Skills: Make sure to highlight your hands-on experience with Python and any cloud technologies you've worked with. We want to see that you can write production-quality code and have a solid understanding of quantitative risk models.
Demonstrate Leadership Experience: Since this is a player-manager role, it's crucial to showcase your ability to lead a team while still being technically involved. Share examples of how you've coached others or taken charge in previous roles.
Tailor Your Application: Don’t just send a generic CV and cover letter. Tailor your application to reflect the specific skills and experiences mentioned in the job description. We love seeing candidates who take the time to connect their background to what we’re looking for.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you're genuinely interested in joining our team at StudySmarter.
How to prepare for a job interview at IG Group
✨Know Your Models Inside Out
Make sure you can discuss the market risk models you've built or worked with in detail. Be prepared to explain your thought process behind model governance, stress testing methodologies, and how you've adapted to regulatory changes. This shows you're not just familiar with the theory but have practical experience.
✨Showcase Your Coding Skills
Since this role requires strong Python development skills, be ready to demonstrate your coding abilities. Bring examples of production-quality code you've written, and if possible, discuss how you've used version control in your projects. This will highlight your technical credibility.
✨Emphasise Your Leadership Style
As a player-manager, it's crucial to convey how you lead and develop teams. Share specific examples of how you've coached team members or fostered collaboration. Highlight your approach to being a role model in both technical and commercial aspects, as this aligns with what they're looking for.
✨Engage Stakeholders Effectively
Prepare to discuss how you've partnered with business or product teams in the past. Illustrate your ability to engage stakeholders as a strategic enabler rather than a gatekeeper. This will demonstrate your understanding of the commercial side of risk management and your capability to drive business partnerships.