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- Tasks: Lead risk management and reporting for a top brokerage in London.
- Company: Join a dynamic and well-established Brokerage in the heart of the City.
- Benefits: Competitive salary of £150,000 and opportunities for professional growth.
- Why this job: Shape risk strategies and influence key decisions in a fast-paced environment.
- Qualifications: 10+ years in broking risk with strong knowledge of financial instruments.
- Other info: Engage with stakeholders to foster a culture of strong risk management.
The predicted salary is between 90000 - 210000 £ per year.
Rev & Regs are seeking an experienced Head of Market Risk position working for a dynamic and well-established Brokerage in the City of London.
You will manage the firm’s risks within the appetite set by the Board and improve and report on the effectiveness of the risk framework, policies, and procedures to both Executive Management and the Board.
Responsibilities:
- Lead the development, management, and maintenance of the Firm’s risk framework, incorporating management tools, techniques, and reports to support the business, Executive Management and regulatory reporting.
- Provide quantitative analyses and reporting on market risks, trading P&L, interest rate risk, foreign exchange risk, position tracking against limits, and general risk management reporting for the trading desks.
- Validate and approve pricing and valuation models for trading.
- Produce daily, monthly, and quarterly reporting to Executive Management and the Board on risk appetite metrics and adherence to risk limits/policies.
- Engage with relevant business projects to ensure that Risk issues are properly considered in all material decisions and reported appropriately.
- To provide support and guidance to all Desks and Support Functions to ensure the Firm’s risk appetite is understood and complied with at all levels.
- Assist in embedding a culture of strong risk management throughout the business by actively cultivating and maintaining stakeholder relationships and providing advice on risk management issues.
- Maintain awareness of developments in risk and control assessment in the industry and provide thought leadership to management on issues relevant to the firm’s business profile.
Experience:
- Excellent market risk and LME experience is required.
- In-depth knowledge of listed derivatives (including LME) and strong knowledge of other financial instruments including equities, bond, and foreign exchange.
- Solid understanding of market risk measurement methodologies (sensitivities, VaR and stress testing) and market risk policy development.
- Market facing experience in listed derivatives trading and clearing.
- Good knowledge of the UK regulatory environment
- Excellent understanding of processes, controls, and responsibilities associated with a broking institution.
- Relevant professional qualifications are desirable.
- Flexible approach to meet changing requirements as and when they arise.
- Ability to influence business managers in a collaborative positive manner.
Salary: £125,000 – £135,000
Location: City of London
Head of Risk employer: Rev & Regs
Contact Detail:
Rev & Regs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk
✨Tip Number 1
Network with professionals in the brokerage and risk management sectors. Attend industry events, webinars, or conferences where you can meet potential colleagues or decision-makers. Building these connections can give you insights into the company culture and the specific challenges they face.
✨Tip Number 2
Stay updated on the latest trends and regulations in risk management, especially those relevant to the UK market. This knowledge will not only help you in interviews but also demonstrate your commitment to the field and your proactive approach to risk management.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your ability to manage risks effectively. Highlight instances where you developed or improved risk frameworks, as well as how you engaged with stakeholders to foster a strong risk culture.
✨Tip Number 4
Familiarize yourself with the company's current risk policies and any recent changes in their operations. This will allow you to tailor your discussions during the interview, showing that you are already thinking about how to contribute to their risk management strategies.
We think you need these skills to ace Head of Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in broking risk and your in-depth knowledge of listed derivatives. Use specific examples that demonstrate your ability to manage risks and improve risk frameworks.
Craft a Compelling Cover Letter: In your cover letter, emphasize your 10+ years of experience in the industry and your understanding of market risk measurement methodologies. Discuss how you can contribute to enhancing the firm's ICARA and embedding a strong risk management culture.
Showcase Relevant Qualifications: If you have any relevant professional qualifications, make sure to mention them prominently in your application. This will help demonstrate your commitment to the field and your expertise in risk management.
Highlight Stakeholder Engagement Skills: Since the role involves maintaining stakeholder relationships, provide examples of how you've successfully engaged with various teams or departments in previous roles. This will show your ability to influence and collaborate effectively.
How to prepare for a job interview at Rev & Regs
✨Showcase Your Risk Management Expertise
Be prepared to discuss your extensive experience in broking risk and your in-depth knowledge of listed derivatives. Highlight specific examples where you've successfully managed risks and improved frameworks in previous roles.
✨Demonstrate Quantitative Analysis Skills
Since the role involves providing quantitative analyses on various market risks, be ready to explain your approach to risk measurement methodologies like VaR and stress testing. Bring examples of reports or analyses you've produced in the past.
✨Engage with Stakeholder Relationships
Emphasize your ability to cultivate and maintain relationships with stakeholders. Discuss how you've previously influenced business managers positively and ensured compliance with risk appetite at all levels.
✨Stay Updated on Industry Developments
Show that you are aware of the latest developments in risk and control assessment within the industry. Be prepared to share your thoughts on current trends and how they could impact the firm's risk management strategies.
