At a Glance
- Tasks: Lead market risk management and support the Chief Risk Officer in a dynamic banking environment.
- Company: Established bank in Central London with a focus on innovation and risk management.
- Benefits: Competitive salary up to £100,000 plus benefits and some remote working options.
- Other info: Opportunity for career growth in a collaborative and supportive environment.
- Why this job: Join a key team shaping market risk strategies and make a real impact in finance.
- Qualifications: 5-10 years of market risk experience and strong analytical skills required.
The predicted salary is between 85000 - 100000 £ per year.
Our Client is an established Bank – who are looking to recruit a Market Risk Manager with at least 5 to 10 years proven expertise.
Key member of 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 of.
- 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.
- Assist in the design of reports for the publication of KPIs in an appropriate format.
- Review limit monitoring carried out by Line 1 to ensure that this process functions effectively.
- Ensure that logs of risk excesses are maintained by Line 1 personnel.
- Analyse market risk reports and data to identify trends and significant changes in market risks, concentrations of market risk and deviations from expected trends or results.
- Escalate limit excesses to the CRO and appropriate committees.
- Provide the results of risk analyses to the CRO and appropriate committees.
- Review and maintain appropriate policy documents.
- Maintain Risk’s own RCSAs and perform testing of controls.
- Review the list of material risks to ensure that this is complete and accurate with regards to market risk.
- Periodically review P&L and balance sheet to ensure that market risk KPIs remain appropriate.
- Review reports produced by Line 1 to ensure that limits have been observed and that excesses have been escalated appropriately.
- Review and assess limit excess reports produced by Line 1 personnel and analyse the causes provided for excesses to ensure that these are complete.
- Discuss limit excesses with Line 1 personnel and ensure excess reports reflect risk control assessments and comments.
- Discuss trends, changes and concentrations in risks with Line 1 personnel as well as proposed business actions that may have an effect on these results.
- Review stress testing assumptions and parameters and ensure management action on results.
- 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 Banks 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 to 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 in London employer: Nexus Jobs
Our client, a leading bank in Central London, offers an exceptional work environment that fosters innovation and professional growth. With a strong emphasis on employee development, the company provides comprehensive training opportunities and a collaborative culture that encourages teamwork and knowledge sharing. Employees enjoy a competitive salary package, flexible working arrangements post-probation, and the chance to make a significant impact in a dynamic financial services landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Nexus Jobs. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Market Risk Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Nexus Jobs.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Nexus Jobs's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Nexus Jobs
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Nexus Jobs.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Nexus Jobs will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Nexus Jobs employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
