At a Glance
- Tasks: Oversee and report market risk for trading and banking activities in a dynamic environment.
- Company: Join a leading bank in Central London with a focus on innovation and compliance.
- Benefits: Competitive salary, permanent position, and opportunities for professional growth.
- Other info: Diverse and inclusive workplace culture welcoming all qualified candidates.
- Why this job: Make an impact in the financial sector while utilising your Mandarin and English skills.
- Qualifications: Fluent in Mandarin and English with market risk experience in relevant products.
The predicted salary is between 59400 - 72600 £ per year.
Location: Central London
Job Status: Permanent, office based
The Skills You'll Need:
- Fluent in Mandarin and English, with Market Risk experience across relevant products (e.g. FX, interest rate products, repos, fixed income and derivatives).
To be successful in this role our client has said it is essential that candidates:
- Speak and write fluent Mandarin and English
- Have Market Risk experience across relevant products (e.g. FX, interest rate products, repos, fixed income and derivatives)
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.
What You'll be Doing Each Day:
- 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.
The Skills You'll Need to Succeed:
- Excellent verbal and written communication and presentation skills in Mandarin and English.
- University degree in Finance, Economic, 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.
People First is committed to increasing diversity, and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, marital status or whether or not they have a disability.
Banking Job - Mandarin speaking Market Risk Manager - rj in London employer: People First Recruitment
As a Logistics Specialist at one of the fastest growing coffee companies in the UK, you will thrive in a dynamic and supportive work environment that values collaboration and innovation. With flexible working options, a strong focus on employee development, and a commitment to excellence in customer service, this company offers a unique opportunity to grow your career while contributing to a beloved brand. Join a passionate team where your contributions directly impact logistics efficiency and customer satisfaction in the vibrant coffee market.
StudySmarter Expert Advice🤫
We think this is how you could land Banking Job - Mandarin speaking Market Risk Manager - rj 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 People First Recruitment. 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 Banking Job - Mandarin speaking Market Risk Manager - rj 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 People First Recruitment.
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 People First Recruitment'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 People First Recruitment
✨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 People First Recruitment.
✨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 People First Recruitment 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 People First Recruitment 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.
