At a Glance
- Tasks: Analyse market risk metrics and assist in stress testing for an international bank.
- Company: Join a leading International Bank with a focus on innovation and risk management.
- Benefits: Gain valuable experience, competitive salary, and opportunities for professional growth.
- Other info: Dynamic work environment with opportunities to collaborate on exciting projects.
- Why this job: Make a real impact in the banking sector while developing your quantitative skills.
- Qualifications: Bachelor's degree in a quantitative field and 1-2 years of relevant experience.
The predicted salary is between 50000 - 70000 £ 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.
Quantitative Market Risk Analyst – VaR & Stress Testing employer: Rothstein Recruitment
Join an esteemed International Bank as a Quantitative Market Risk Analyst, where you will thrive in a dynamic work culture that prioritises professional growth and development. With access to cutting-edge risk management tools and methodologies, you will play a pivotal role in enhancing risk infrastructure while enjoying a supportive environment that encourages innovation and collaboration. Located in a vibrant financial hub, this position offers unique opportunities to engage with industry leaders and contribute to impactful projects that shape the future of banking.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Market Risk Analyst – VaR & Stress Testing
✨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 expertise.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss market risk metrics, VaR, and stress testing methodologies. We want you to shine when it comes to showcasing your quantitative background!
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications through our website. A quick email or message can show your enthusiasm and keep you on the radar of hiring managers.
✨Tip Number 4
Tailor your approach! Research the bank’s culture and values, and align your responses during interviews to reflect how you can contribute to their goals. Show them you’re not just another candidate, but the right fit for their team.
We think you need these skills to ace Quantitative Market Risk Analyst – VaR & Stress Testing
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of a Quantitative Market Risk Analyst. Highlight your quantitative skills, relevant experience, and any specific projects that relate to market risk. We want to see how you can bring value to our team!
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 your background in quant/mathematics makes you a perfect fit for us. Keep it concise but impactful!
Showcase Your Technical Skills:Since this role requires advanced Excel and VBA skills, don’t forget to mention any relevant projects or experiences where you've used these tools. We love seeing practical examples of your technical prowess!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at Rothstein Recruitment
✨Know Your Numbers
Brush up on your quantitative skills and be ready to discuss specific methodologies related to market risk measurement. Be prepared to explain concepts like VaR and stress testing in a way that shows you understand their practical applications.
✨Showcase Your Experience
Highlight any relevant experience you have in market risk or related fields. Use specific examples from your past roles to demonstrate how you've contributed to risk management processes or improved reporting metrics.
✨Familiarise Yourself with the Company
Research the bank's market risk policies and recent projects. Understanding their approach to risk management will help you tailor your answers and show that you're genuinely interested in the role and the company.
✨Prepare for Technical Questions
Expect technical questions related to Excel, VBA, and risk management principles. Practise explaining your thought process clearly and concisely, as this will demonstrate your analytical skills and ability to communicate complex ideas effectively.
