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For Companies At a Glance
- Tasks: Lead market risk oversight and ensure compliance with risk management practices.
- Company: Join a leading Investment and Corporate Bank based in London with global opportunities.
- Benefits: Enjoy hybrid working, competitive salary, benefits, and a positive workplace culture.
- Why this job: Be part of a dynamic team that values internal advancement and offers impactful work.
- Qualifications: 5+ years in market risk management with strong Excel and coding skills preferred.
- Other info: Opportunity to work on innovative financial products and enhance your career in finance.
The predicted salary is between 72000 - 108000 £ per year.
- Excellent opportunity in Market Risk Oversight, for wholesale banking group.
- New role to the market, seeking a candidate of senior manager level.
About Our Client
Investment and Corporate Bank, London based, hiring a Market Risk Associate Director.
Hybrid working – 3 days a week in office.
Positive culture, promote internal advancement and global opportunities.
Job Description
The Market Risk Associate Director will:
- Perform risk oversight on Interest Rate products.
- Provide independent review and challenge of business activities.
- Review new products/activities ensuring market risk requirements are met.
- Assess Market Risk Limit requests, supporting or not in line with the bank’s risk appetite.
- Support Market Risk policies locally.
- Undertake Market Risk reporting locally.
- Process Key Risk Indicators triggered.
- Conduct Annual Desk Reviews.
- Maintain the independence of the Market Risk function and ensure the ‘Risk Management Accountability Model’ discipline is adhered to.
- Keep abreast of regulatory, market, and business-specific developments and maintain a contemporary understanding of best practices in risk management.
- Timely process of Key Risk Indicators triggered, including analysis of exposures and escalation where required, explaining positions and movements in market risk and liquidity risk metrics.
- Monitor trading activity throughout the day, reviewing their impact on positions against limits and looking for any unusual activity.
- Analyze data, solve problems, resolve queries, provide regular and ad-hoc reporting requests, resolve data integrity issues, process breaches, calibrate limits, and produce Rates and Repo reporting and insight if necessary.
- Create or amend limit structures, discuss business requirements in relation to market risk, analyze current limit structure and methodology, and implement any changes.
The Successful Applicant
The Market Risk Associate Director will have:
- Significant experience of market risk management in a financial services environment (minimum 5 years).
- High-level understanding of key global market risk regulations applied to the financial services industry.
- Good knowledge and understanding of market risk practices and general risk management principles.
- Working knowledge of key wholesale markets products, particularly interest rate derivatives, interest rate options, and repos.
- Demonstrated capability for identification, assessment, and evaluation of risk.
- Strong Excel skills, including working knowledge of VBA.
- Coding skills and/or electronic and Algorithmic trading knowledge would be beneficial.
What’s on Offer
Competitive salary.
Competitive benefits and bonus.
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Market RiskAssociate Director employer: Michael Page (UK)
Contact Detail:
Michael Page (UK) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market RiskAssociate Director
✨Tip Number 1
Make sure to stay updated on the latest market risk regulations and best practices. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 2
Network with professionals in the financial services industry, especially those working in market risk. Attend relevant conferences or webinars to connect with potential colleagues and learn about the latest trends.
✨Tip Number 3
Familiarize yourself with the specific products mentioned in the job description, such as interest rate derivatives and repos. Having a solid understanding of these products will give you an edge during discussions.
✨Tip Number 4
Prepare to discuss your experience with Key Risk Indicators and how you've handled them in previous roles. Be ready to provide examples that showcase your analytical skills and problem-solving abilities.
We think you need these skills to ace Market RiskAssociate Director
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Market Risk Associate Director position. Understand the key responsibilities and required skills, especially in market risk management and financial services.
Highlight Relevant Experience: In your CV and cover letter, emphasize your significant experience in market risk management, particularly your understanding of interest rate products and global market risk regulations. Use specific examples to demonstrate your expertise.
Showcase Technical Skills: Mention your strong Excel skills and any coding knowledge you possess, such as VBA or algorithmic trading. These technical skills are crucial for the role and should be clearly highlighted in your application.
Tailor Your Application: Customize your CV and cover letter to reflect the positive culture and internal advancement opportunities mentioned in the job description. Show how your values align with those of the company and express your enthusiasm for the role.
How to prepare for a job interview at Michael Page (UK)
✨Showcase Your Market Risk Expertise
Be prepared to discuss your significant experience in market risk management. Highlight specific examples from your past roles where you successfully performed risk oversight, particularly with interest rate products.
✨Demonstrate Regulatory Knowledge
Familiarize yourself with key global market risk regulations relevant to the financial services industry. Be ready to explain how these regulations impact market risk practices and how you've applied them in your previous positions.
✨Excel Skills Are Key
Since strong Excel skills are essential for this role, be prepared to discuss your proficiency. If you have experience with VBA or coding, make sure to mention it and provide examples of how you've used these skills in data analysis or reporting.
✨Understand the Business Context
Research the company’s market risk policies and recent developments in the financial sector. Being able to discuss how you can support their local market risk policies and contribute to their positive culture will set you apart.
