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- Tasks: Manage and analyse market risk activities while collaborating with senior management.
- Company: Global banking organisation expanding into the UK and European markets.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to lead initiatives and drive improvements in risk visibility.
- Why this job: Join a growing team and make a real impact in market risk management.
- Qualifications: 5+ years in market risk management; strong technical skills required.
The predicted salary is between 70000 - 90000 £ per year.
THE COMPANY: Our client is a global diversified banking organisation with a solid presence in Asia-Pacific Region, emerging into the UK and European market with strong growth plans.
THE RESPONSIBILITIES:
- Manage and analyse market risk activities and limits.
- Monitor market positions with respect to market conditions.
- Escalate positions and activity that are not in line with the bank's risk appetite to senior management.
- Daily aggregation, validation, and monitoring of risk.
- Regular reporting of risk positions, limit breaches, and stress testing results for branch management and regulatory compliance.
- Identification and investigation of changes to risk profile, including analysis of VaR and stress drivers.
- Communication of findings to senior management.
- Working with the front office to understand and address breaches as necessary.
- Reviewing new transaction requests, identifying, and assessing the key risk issues, including capital impacts.
- Responsible for modelling and monitoring of IRRBB and transaction FX risk.
- Develop stress testing scenarios, reverse stress testing and stress testing platform.
- Develop a good understanding of risk systems and help to drive improvements where necessary.
- Develop and implement new reports to improve risk visibility.
- Lead and contribute to ad-hoc risk management initiatives and projects.
EXPERIENCE REQUIRED:
- University graduate with at least 5 years' experience in market risk management and/or trading functions.
- MBA, CFA and/or industry designation is a plus.
- Strong depth of knowledge of Rates, FX and/or Credit markets and products.
- Demonstrable knowledge of derivative pricing, VaR methods, market data analysis, IRRBB and stress testing.
- Strong technical skills in VBA, SQL, Matlab, and/or C++, etc.
- Ability to understand and interpret complex business requirements.
- Ability to show resilience under pressure, including working to tight deadlines and be able to simultaneously manage competing demands.
- Self-starter with a demonstrated team player attitude and an ability and willingness to take initiative beyond the core mandate of the role.
- Excellent verbal and written communication and presentation skills.
- Strong proficiency in English. Proficiency in Mandarin is desirable.
For further information please contact Marcus Courtney.
Market Risk Manager in City of London employer: Saxton Leigh
Contact Detail:
Saxton Leigh Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Manager in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its market position. Understand their risk appetite and be ready to discuss how your experience aligns with their needs. We want you to shine!
✨Tip Number 3
Practice your communication skills! Being able to clearly articulate your thoughts on complex topics like VaR and stress testing is crucial. We recommend doing mock interviews with friends or mentors.
✨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 are proactive about their job search.
We think you need these skills to ace Market Risk Manager in City of London
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, especially with Rates, FX, and Credit markets. We want to see how your skills match what we're looking for!
Showcase Your Skills: Don’t forget to showcase your technical skills! If you’ve got experience with VBA, SQL, or Matlab, make it pop in your application. We love seeing candidates who can bring those skills to the table.
Be Clear and Concise: When writing your cover letter, be clear and concise. We appreciate straightforward communication, so get to the point while still showing off your personality. Let us know why you're the perfect fit!
Apply Through Our Website: Finally, make sure to apply through our website. It’s the best way for us to keep track of your application and ensures you don’t miss out on any important updates. We can’t wait to hear from you!
How to prepare for a job interview at Saxton Leigh
✨Know Your Market Risk Inside Out
Make sure you brush up on your knowledge of market risk management, especially in relation to Rates, FX, and Credit markets. Be prepared to discuss specific examples from your past experience that demonstrate your understanding of VaR methods and stress testing.
✨Showcase Your Technical Skills
Since the role requires strong technical skills in VBA, SQL, Matlab, or C++, be ready to talk about your proficiency in these areas. Consider bringing along a portfolio of your work or examples of projects where you've successfully applied these skills.
✨Communicate Clearly and Confidently
As communication is key in this role, practice articulating your thoughts clearly. Prepare to explain complex concepts in simple terms, as you'll need to communicate findings to senior management effectively.
✨Demonstrate Your Problem-Solving Ability
Be ready to discuss how you've identified and addressed risk issues in previous roles. Think of specific scenarios where you had to analyse changes in risk profiles and how you communicated those findings to your team or management.