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For Companies At a Glance
- Tasks: Lead market risk oversight and ensure compliance with regulations in a dynamic banking environment.
- Company: Join a renowned banking firm with a strong European presence and a commitment to internal growth.
- Benefits: Enjoy hybrid work flexibility, a positive culture, and opportunities for global advancement.
- Why this job: Be part of a high-performing team that values innovation and offers impactful career development.
- Qualifications: 5+ years in market risk management with strong knowledge of financial regulations and products.
- Other info: Coding skills and experience with algorithmic trading are a plus!
The predicted salary is between 72000 - 108000 £ per year.
Market Risk Associate Director
Michael Page London, United Kingdom
Posted: 3 days ago | Type: Hybrid Job | Contract: Permanent | Salary: Negotiable
Exciting new role in Market Risk. My client is a well-known banking firm, with European operations headquartered in London. Banking services across Investment Banking and Corporate. The team is high performing, senior and the role has come about due to internal promotion. Working to uphold a robust 2nd line in Market Risk and oversight of the bank trading book and balance sheet.
Role Overview: Investment and Corporate Bank, London based, hiring a Market Risk Associate Director. Hybrid working – 3 days a week in the office.
Positive culture, promote internal advancement and global opportunities.
Description
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 practice in risk management.
- Timely processing 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.
- Analyse 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, analyse current limit structure and methodology and implement any changes.
Profile
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, 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.
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Market Risk Associate Director | London, UK | Hybrid employer: Michael Page
Contact Detail:
Michael Page Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Associate Director | London, UK | Hybrid
✨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 banking and financial services industry. Attend relevant events or webinars to connect with others who may provide insights or referrals for the Market Risk Associate Director position.
✨Tip Number 3
Familiarize yourself with the specific products mentioned in the job description, such as interest rate derivatives and repos. Being able to discuss these in detail will set you apart from other candidates.
✨Tip Number 4
Prepare to showcase your analytical skills during the interview. Be ready to discuss how you've previously identified and managed risks, as well as any experience you have with Excel and coding.
We think you need these skills to ace Market Risk Associate Director | London, UK | Hybrid
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Market Risk Associate Director position. Highlight key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to emphasize your significant experience in market risk management and your understanding of global market risk regulations. Use specific examples that demonstrate your capabilities in risk assessment and management.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention your familiarity with interest rate products and your ability to provide independent reviews and challenges to business activities.
Highlight Technical Skills: Ensure you showcase your strong Excel skills and any coding knowledge you possess. If you have experience with VBA or electronic trading, make sure to include this as it is beneficial for the role.
How to prepare for a job interview at Michael Page
✨Showcase Your Market Risk Expertise
Make sure to highlight your significant experience in market risk management, especially within financial services. Be prepared to discuss specific examples of how you've applied your knowledge of key global market risk regulations and practices.
✨Demonstrate Analytical Skills
Since the role involves analyzing data and resolving queries, be ready to showcase your analytical skills. Prepare to discuss past experiences where you successfully identified and evaluated risks, and how you approached problem-solving in those situations.
✨Familiarize Yourself with Key Products
Brush up on your knowledge of key wholesale market products, particularly interest rate derivatives and options. Be prepared to discuss how these products impact market risk and share any relevant experiences you have had with them.
✨Prepare for Technical Questions
Given the emphasis on strong Excel skills and coding knowledge, expect technical questions during the interview. Practice explaining your proficiency in Excel, including any VBA experience, and be ready to discuss any coding or algorithmic trading knowledge you possess.
