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- Tasks: Manage liquidity and market risk strategies while conducting analysis and stress testing.
- Company: Market-leading FX Settlements firm with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Other info: Collaborative environment with excellent career advancement opportunities.
- Why this job: Join a dynamic team and make a real impact in risk management.
- Qualifications: 3+ years in finance or banking, strong analytical skills, and proficiency in SQL, R, Python.
The predicted salary is between 60000 - 80000 £ per year.
Market leading FX Settlements firm seeks a Senior Associate in the Liquidity and Market Risk Management (LMR) team to be based in either London or New Jersey. You will play a pivotal role in managing liquidity and market risk strategies for our organization. You will assist in the assessment and analysis of risk impact and benefits in offering new strategic initiatives and on-boarding new members and currencies. In addition, you will engage in day-to-day risk monitoring activities and contribute to the continuous improvement of our risk management processes, including but not limited to performing liquidity risk analysis for market events, conducting stress testing for enhanced risk monitoring, preparing management risk reporting, and executing model risk management responsibilities as a model owner.
Responsibilities
- Perform liquidity analysis to assess the risk and benefits as part of participation expansion and offering new strategic initiatives.
- Perform daily and quarterly stress testing to assess the impact of potential member pay-in failures for heightened settlement monitoring as part of Regulatory requirement.
- Perform risk impact analysis in response to market and geopolitical events.
- Enhance existing processes by automating or enhancing them to minimize operational errors and make day-to-day work efficient.
- Conduct ongoing model monitoring and enhance model documents for owned model in accordance with the Model Risk Policy requirements.
- Code and implement benchmarking models for owned model as part of ongoing monitoring requirement.
- Prepare detailed risk reports for internal stakeholders and regulators to support management reporting and RCSA processes.
Experience
- Three + years of work experience in banking, consulting, or other financial institutions.
- Degree in computer science, finance, economics or quantitative discipline, MS/MBA preferred.
- Strong quantitative skills and experience in financial analytics and risk methodologies.
- Strong discipline of vetting own work and attention to detail to deliver high quality work products.
- Possess excellent critical thinking capabilities and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to work collaboratively with cross-functional teams.
- Advanced SQL, R, Python, and Excel VBA skills.
- Proficient in interpreting, data cleaning, manipulating, and performing analysis with large amounts of data.
Liquidity Model Risk, Associate - New Jersey/London employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Liquidity Model Risk, Associate - New Jersey/London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage, the better your chances of landing that dream job.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share specific examples of how you've tackled liquidity risk or improved processes in your previous roles. Let them see the value you can bring!
✨Prepare for the Interview
Do your homework on the company and the role. Be ready to discuss how your experience aligns with their needs, especially around risk management and analytics. Confidence is key, so practice makes perfect!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Liquidity Model Risk, Associate - New Jersey/London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Liquidity Model Risk role. Highlight your experience in risk management and any relevant quantitative skills. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about liquidity and market risk management. Share specific examples of your past work that relate to the responsibilities mentioned in the job description.
Showcase Your Technical Skills: Since this role requires strong technical skills, be sure to mention your proficiency in SQL, R, Python, and Excel VBA. We love seeing candidates who can handle data like a pro, so don’t hold back on showcasing your abilities!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Morgan McKinley
✨Know Your Numbers
Make sure you brush up on your quantitative skills and be ready to discuss specific financial analytics or risk methodologies you've used in the past. Prepare examples that showcase your ability to perform liquidity analysis and stress testing, as these are key responsibilities for the role.
✨Showcase Your Technical Skills
Since advanced SQL, R, Python, and Excel VBA skills are crucial for this position, be prepared to demonstrate your proficiency. You might be asked to solve a problem or analyse data during the interview, so practice coding challenges or data manipulation tasks beforehand.
✨Understand the Market Landscape
Familiarise yourself with current market trends and geopolitical events that could impact liquidity and market risk. Being able to discuss recent developments will show your awareness of the industry and your ability to conduct risk impact analysis effectively.
✨Communicate Clearly and Collaboratively
This role requires strong communication and interpersonal skills, so practice articulating your thoughts clearly. Be ready to discuss how you've worked collaboratively with cross-functional teams in the past, as this will highlight your ability to fit into their team dynamic.