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- Tasks: Monitor and analyse market risks for structured rates, ensuring compliance and reporting to management.
- Company: Dynamic financial institution with a focus on risk management and innovation.
- Benefits: Competitive salary, professional development, and exposure to senior management.
- Why this job: Join a team that shapes trading strategies and drives impactful decisions in a fast-paced environment.
- Qualifications: Master's degree in a quantitative field and experience in risk management.
- Other info: Opportunity to work on diverse projects and enhance your analytical skills.
The predicted salary is between 54000 - 84000 £ per year.
The Market Risk team is responsible for providing independent oversight of the firm's trading activities based on quantitative and qualitative analysis of all material positions and the current market environment. These findings are reported to key stakeholders within the firm. The role involves a diverse range of risk management responsibilities and provides exposure to the trading desks, other risk teams, finance, and senior management.
This is for a position covering Structured Rates within the EMEA Risk Management team, which involves the following responsibilities, amongst others:
- Daily aggregation, validation, and monitoring of risk. Regular reporting of risk positions, limit breaches, and stress testing results for firm management and regulatory compliance.
- Identification and investigation of changes to risk profile, including analysis of VaR and stress drivers. Communication of findings to management.
- Working with the front office to understand and address breaches as necessary.
- Reviewing new transaction requests, identifying and assessing the key risk issues, including capital impacts.
- Developing a good understanding of risk systems and help to drive improvements where necessary.
- Ad hoc risk-related projects and infrastructure building.
- Keeping abreast of relevant market events and drivers.
Key objectives critical to success:
- Diligence/attention to detail and strong analytical skills to recognize/investigate significant changes in risk.
- Strong communication skills to make management aware of said changes and new positions as they arise.
- Good prioritization skills and a strong work ethic to see each task assigned done thoroughly and correctly.
Skills, experience, qualifications and knowledge required:
- Master's degree in Applied Mathematics, Financial Mathematics, or related quantitative field, or the equivalent work experience.
- Familiarity with structured rate products and their risk profiles, including understanding of Greeks and impact on VaR.
- Strong proficiency with Excel.
- Strong communication skills.
- Relevant experience in a risk or control related function in financial services institution.
- Detailed and process orientated.
- Takes initiative and is proactive.
Structured Rates Market risk AVP in City of London employer: Morgan McKinley Group Ltd
Contact Detail:
Morgan McKinley Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Structured Rates Market risk AVP in City of London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working in risk management. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can discuss VaR, stress testing, and structured rate products confidently. We want you to shine when it comes to showcasing your analytical prowess!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
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!
We think you need these skills to ace Structured Rates Market risk AVP in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your analytical skills, attention to detail, and any relevant experience in risk management or financial services. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about market risk and how your background aligns with the role. Don’t forget to mention your familiarity with structured rate products and your strong communication skills.
Showcase Your Analytical Skills: Since this role involves a lot of quantitative analysis, make sure to provide examples of how you've used your analytical skills in past roles. Whether it's through projects or specific tasks, we want to see your thought process and problem-solving abilities.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive, which is exactly what we’re looking for!
How to prepare for a job interview at Morgan McKinley Group Ltd
✨Know Your Numbers
Make sure you brush up on your quantitative skills, especially around VaR and stress testing. Be prepared to discuss how you would analyse risk profiles and the impact of structured rate products. This will show that you understand the technical side of the role.
✨Communicate Clearly
Strong communication skills are key for this position. Practice explaining complex concepts in simple terms, as you'll need to convey findings to management and other teams. Think about examples where you've successfully communicated risk issues in the past.
✨Stay Current with Market Trends
Keep yourself updated on recent market events and trends that could affect structured rates. Being able to discuss current market drivers during your interview will demonstrate your proactive approach and genuine interest in the field.
✨Showcase Your Attention to Detail
Prepare to give examples of how your diligence and attention to detail have helped you identify significant changes in risk profiles in previous roles. Highlighting your process-oriented mindset will resonate well with the interviewers.
