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- Tasks: Oversee and report market risk for trading and banking activities in a dynamic environment.
- Company: Join a leading financial institution in Central London with a focus on innovation.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real impact by managing market risks and engaging with senior management.
- Qualifications: Fluent in Mandarin and English, with 4+ years in market risk management.
- Other info: Diverse workplace committed to inclusivity and equal opportunities.
The predicted salary is between 60000 - 80000 £ per year.
Location: Central London
Job Status: Permanent, office based
Salary: Competitive depending on experience
Market Risk Manager – Summary: The Market Risk Manager is responsible for overseeing, measuring, and reporting the market risk arising from the branch's trading and banking book activities. This role ensures that the branch operates within its risk appetite and complies with UK regulatory expectations, including PRA Rulebook requirements, FCA Handbook obligations, and relevant supervisory statements for third-country branches. The role combines hands-on risk analysis with governance, oversight and challenge. It requires strong technical expertise, sound judgement, and the ability to engage credibly with senior management, traders and head office.
Responsibilities:
- Monitor, measure and report market risk exposures across all relevant products (e.g., FX, interest rate products, repos, fixed income and derivatives).
- Ensure adherence to risk limits, triggers, and escalation procedures defined by the Head Office and the branch.
- Perform daily risk analysis including VaR, sensitivities, stress testing, scenario analysis, and limit utilisation.
- Responsible for modelling and monitoring of IRRBB and transaction FX risk.
- Identify emerging risks and propose enhancements to risk measurement methodologies.
- Support the branch's stress testing and scenario design.
- Prepare materials for GM, CRO, Risk Committee and ALCO, and senior management meetings.
- Contribute to regulatory submissions and respond to queries related to market risk.
- Ensure compliance with SMCR responsibilities applicable to the role.
- Develop, maintain and implement market risk policies, procedures, and control standards.
- Provide independent challenge to the Front Office on pricing, valuation, and risk-taking activities.
- Oversee model governance for market risk models used by the branch, including VaR, IRRBB, sensitivities, and stress testing frameworks.
- Support validation of pricing models and valuation adjustments.
- Produce daily, weekly, monthly and quarterly market risk reporting for branch management and Head Office.
- Analyse drivers and ensure alignment between risk measures and actual trading outcomes.
- Monitor market developments and assess their impact on the branch's market risk profile.
- Act as the primary point of contact for market risk matters within the branch.
- Work closely with branch Front Office, Finance, Compliance and Internal Audit, and Head Office.
- Liaise with Head Office risk teams to ensure consistent application of risk standards.
- Lead and contribute to ad-hoc risk management initiatives and projects.
- Other activities assigned by the GM, CRO or Head of Risk Management.
Qualifications:
- Excellent verbal and written communication and presentation skills in Mandarin and English.
- University degree in Finance, Economics, Mathematics, Engineering, or related field with at least 4 years experience in market risk management and/or trading functions at a UK bank, ideally within a branch or an international banking environment.
- MBA, CFA and/or industry certifications are desirable.
- Strong understanding of market risk measurement techniques (VaR, IRRBB, sensitivities, stress testing).
- Solid knowledge of fixed income markets, FX, derivatives pricing and risk modelling.
- Experience with risk systems (e.g., Murex, Bloomberg, Risk Metrics) and strong Excel/Python skills.
- Familiarity with UK regulatory frameworks for third-country branches is a plus.
- Strong analytical and problem-solving skills.
- Ability to challenge constructively and maintain independence.
- High level of integrity and sound judgement consistent with SMCR expectation.
Mandarin speaking Market Risk Manager employer: People First (Recruitment) Ltd
Contact Detail:
People First (Recruitment) Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mandarin speaking Market Risk Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and risk management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss market risk measurement techniques like VaR and stress testing. Practise common interview questions and have examples ready that showcase your experience in risk management.
✨Tip Number 3
Showcase your bilingual skills! Since this role requires Mandarin, make sure to highlight your language proficiency during interviews. Use it to your advantage when discussing your ability to engage with senior management and traders.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us. Good luck!
We think you need these skills to ace Mandarin speaking Market Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Market Risk Manager role. Highlight your experience in market risk management and any relevant skills, especially in Mandarin and English. We want to see how your background aligns with what we're looking for!
Showcase Your Skills: Don’t just list your qualifications; showcase your skills! Use specific examples to demonstrate your expertise in risk measurement techniques like VaR and stress testing. This helps us see your practical knowledge in action.
Be Clear and Concise: When writing your application, keep it clear and concise. Avoid jargon and make sure your points are easy to understand. We appreciate straightforward communication, especially when it comes to complex topics like market risk.
Apply Through Our Website: Remember to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about us and our culture.
How to prepare for a job interview at People First (Recruitment) Ltd
✨Know Your Risk Metrics
Make sure you brush up on key market risk measurement techniques like VaR, IRRBB, and stress testing. Be ready to discuss how you've applied these in your previous roles, as this will show your technical expertise and understanding of the job.
✨Speak the Language
Since this role requires fluency in Mandarin and English, practice articulating your thoughts clearly in both languages. Prepare to explain complex concepts in a straightforward manner, as you'll need to engage with senior management and traders effectively.
✨Showcase Your Analytical Skills
Be prepared to discuss specific examples where you've identified emerging risks or proposed enhancements to risk methodologies. Highlight your problem-solving skills and how you've used data analysis to drive decisions in your past roles.
✨Understand Regulatory Frameworks
Familiarise yourself with UK regulatory expectations, especially those relevant to third-country branches. Being able to discuss compliance with PRA and FCA requirements will demonstrate your readiness for the role and your commitment to maintaining high standards.