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- Tasks: Lead market risk management and support the Chief Risk Officer in ensuring compliance.
- Company: Join a well-established bank with a strong reputation in the financial sector.
- Benefits: Enjoy a competitive salary of over £100K plus additional benefits.
- Why this job: Be part of a dynamic risk team, influencing key decisions and strategies.
- Qualifications: 5-10 years of experience in market risk management is essential.
- Other info: Position based in Central London; ideal for those passionate about finance.
Our Client is an established Bank looking to recruit a Market Risk Manager with at least 5 to 10 years proven expertise. Key member of the Bank's Risk team providing support to the Chief Risk Officer with responsibility for ensuring that Market Risk is appropriate and complied with. Ensures that Market Risk tools in the Bank are fit-for-purpose and provides expert input on all Market Risk issues to the CRO and other stakeholders.
Responsibilities
- Assist in the design of the processes necessary to allow those responsible for primary risk monitoring and management (Line 1) to calculate key performance indicators (KPIs) in accordance with the risk appetite and risk policies approved by the Board. This will include:
- Reviewing or defining the methodologies to be followed in calculating KPIs,
- Reviewing or defining the standards to be used in calculating KPIs,
- Reviewing or defining the processes and internal controls over these processes to be used in calculating these KPIs,
- Defining stress tests of these KPIs and ensuring these are treated in the same manner as primary KPIs.
- Trends and significant changes in market risks,
- Concentrations of market risk,
- Deviations from expected trends or results.
Coordination
- Help the CRO and ALCO to set Market Risk appetite.
- Support Line 1 with new product implementation.
- Liaise with other departments to keep informed of business developments that may have an impact on market risk.
- Review internal, industry and regulatory publications.
- Provide commentary, analysis and recommendations to the CRO, ALCO and other stakeholders.
- Assist with embedding of risk management processes and controls relevant to market and liquidity risk.
- Liaise with Internal Audit and the external auditors on audits and regarding completion of audit actions.
- Alignment of tools with the Bank's Global approaches.
Together with the CRO, the Head of Prudential Risk and the rest of the Risk team, support the ongoing implementation and development of all Risk deliverables such as:
- Development of MI.
- Maintenance of Risk policies and documents such as the Risk Framework, Market Risk Policy, Trading Book Policy, ICAAP and ILAAP.
- Reports for ALCO, ERCC and BARC.
- Papers on topical risk issues as required by the CRO.
- Support the CRO in addressing ad hoc risk issues as they arise and in managing relationships with risk and other committees.
Key Requirements
- Understanding of market and liquidity Risk (industry practice and applicable regulation)
- Highly Numerate
- Understanding of stress testing and economic models
- Understanding of the Bank’s systems data model
The salary for this position will be up £100K plus Benefits. The Client is based in Central London. Please do send your CV to us in Word format along with your salary and notice period.
Market Risk Manager employer: Nexus Jobs Ltd
Contact Detail:
Nexus Jobs Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Manager
✨Tip Number 1
Network with professionals in the banking and risk management sectors. Attend industry events, webinars, or local meetups to connect with people who can provide insights into the role and potentially refer you to opportunities at our company.
✨Tip Number 2
Stay updated on the latest trends and regulations in market and liquidity risk. Subscribe to relevant publications and follow thought leaders on social media to demonstrate your knowledge during interviews and discussions.
✨Tip Number 3
Prepare to discuss specific methodologies and tools you've used in previous roles related to KPI calculation and stress testing. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Familiarise yourself with our company's risk policies and frameworks. Understanding our approach to market risk will allow you to tailor your conversations and show how your expertise aligns with our needs.
We think you need these skills to ace Market Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in market risk management, particularly any relevant methodologies and KPIs you've worked with. Use specific examples to demonstrate your expertise and how it aligns with the job requirements.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities of the Market Risk Manager role. Explain how your background and skills make you a perfect fit for supporting the Chief Risk Officer and managing market risk effectively.
Highlight Relevant Skills: Emphasise your understanding of market and liquidity risk, stress testing, and economic models. Mention any experience with regulatory compliance and how you've contributed to risk management processes in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in risk management roles.
How to prepare for a job interview at Nexus Jobs Ltd
✨Showcase Your Expertise
Make sure to highlight your 5 to 10 years of experience in market risk management. Be prepared to discuss specific methodologies you've used for calculating KPIs and how you've contributed to risk appetite frameworks in previous roles.
✨Understand the Bank's Risk Framework
Familiarise yourself with the bank's risk policies and frameworks, such as the Market Risk Policy and ICAAP. This will demonstrate your commitment to aligning with their practices and your ability to contribute effectively from day one.
✨Prepare for Technical Questions
Expect questions on stress testing, economic models, and market liquidity risk. Brush up on industry regulations and be ready to discuss how you've applied these concepts in real-world scenarios.
✨Demonstrate Strong Analytical Skills
Be prepared to discuss how you've analysed market risk reports and identified trends or deviations. Use examples from your past work to illustrate your analytical capabilities and how they can benefit the bank.
