At a Glance
- Tasks: Analyse market risk metrics and drive improvements in a dynamic banking environment.
- Company: Join a leading International Bank with a focus on innovation and growth.
- Benefits: Competitive salary, professional development, and exposure to global banking practices.
- Other info: Collaborative team culture with opportunities for career advancement.
- Why this job: Make a real impact by enhancing risk management strategies in a fast-paced setting.
- Qualifications: Bachelor's degree in a quantitative field and 1-2 years of relevant experience.
The predicted salary is between 40000 - 50000 £ per year.
Excellent opportunity opens up to join an International Bank as their new Market Risk Analyst. With a strong background in quant/mathematics, you will gain valuable exposure to risk in a banking environment, where you will drive improvements and assist the monitoring of risk exposure metrics.
Key Responsibilities
- To ensure that market risk metrics are accurately calculated and reported in accordance with Market Risk policy to the senior management and the HO.
- Monitor on a daily basis the adherence to approved market risk limits.
- Trouble shooting and documenting are required.
- To assist the Market Risk Manager in maintaining and improving the risk infrastructure of the Branch.
- To improve reporting as required and to contribute to related projects.
- To regularly monitor the business plan of 1st line from Market risk perspective and to ensure there are appropriate limits available for smooth conduct of business.
- Act as an admin of the risk management function in internal and external trading and risk management platforms.
- To assist the Market Risk Manager in improving the methodology for accurately calculating market risk exposures from new and existing products and business, including portfolio market risk measures such as VaR, DV01, FX exposure.
- To monitor counterparty Credit Risk and country risk for the branch.
- Perform stress testing and qualitative risk assessments of different business units.
- To assist the Market Risk Manager in liaising with Head Office regarding market risk and other risk related matters.
- Assist with the review and apply of policies and requirements from the London Branch and the HO.
Qualifications
- Educated to Bachelor degree in quantitative discipline (applied math, statistics, physics, engineering etc.), with 1-2 years working experience in Market Risk or related domains.
- Knowledge of market risk measurement methodologies, market risk management principles and reporting process.
- Accounting knowledge is desirable.
- Advanced level of knowledge and experience of Excel and VBA is a must.
- Knowledge of a broad range of wholesale banking and treasury products (Rates, FX, Loans etc.), and an understanding of their valuation.
- Understanding of the PRA regulatory framework and of capital management requirements would be useful but not essential.
- Ability to multi-task and prioritise workload.
- Ability to work professionally, confidentially and demonstrate tact and diplomacy.
Market Risk Analyst - International Bank employer: Rothstein Recruitment
Joining our International Bank as a Market Risk Analyst offers you the chance to thrive in a dynamic and supportive environment where your expertise in quantitative analysis will be highly valued. We pride ourselves on fostering a culture of continuous learning and professional development, providing ample opportunities for career advancement while ensuring a collaborative atmosphere that encourages innovation and teamwork. Located in a vibrant financial hub, our bank not only offers competitive benefits but also a unique opportunity to engage with diverse financial products and contribute to impactful risk management strategies.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Analyst - International Bank
✨Tip Number 1
Network like a pro! Reach out to professionals in the banking and risk management sectors on LinkedIn. Join relevant groups and participate in discussions to get your name out there and show off your knowledge.
✨Tip Number 2
Prepare for interviews by brushing up on market risk concepts and methodologies. Be ready to discuss how you can contribute to improving risk metrics and reporting processes, as this will show you're serious about the role.
✨Tip Number 3
Don’t just apply; follow up! After submitting your application through our website, send a polite email to express your enthusiasm for the position. It shows initiative and keeps you on their radar.
✨Tip Number 4
Practice your problem-solving skills! You might face case studies or technical questions during interviews. Brush up on your Excel and VBA skills, and be prepared to demonstrate your analytical abilities.
We think you need these skills to ace Market Risk Analyst - International Bank
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Market Risk Analyst role. Highlight your quant/mathematics background and any relevant experience in market risk. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about market risk and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to showcase your Excel and VBA skills in your application. If you've worked on any projects that involved market risk measurement methodologies, make sure to mention them. We’re keen to see your technical prowess!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Rothstein Recruitment
✨Know Your Numbers
As a Market Risk Analyst, you'll be dealing with metrics like VaR and DV01. Brush up on these concepts and be ready to discuss how you’ve used them in past roles. This shows you’re not just familiar with the theory but can apply it practically.
✨Showcase Your Technical Skills
Make sure to highlight your advanced Excel and VBA skills during the interview. Prepare examples of how you've used these tools to improve reporting or analyse data. This will demonstrate your ability to contribute to the risk infrastructure effectively.
✨Understand the Regulatory Landscape
While knowledge of the PRA regulatory framework isn't essential, having a basic understanding can set you apart. Familiarise yourself with key regulations and be prepared to discuss how they impact market risk management in banking.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially around troubleshooting and documenting risk metrics. Think of specific scenarios where you identified a risk issue and how you resolved it. This will showcase your analytical thinking and attention to detail.
