At a Glance
- Tasks: Lead risk management for Prime Services and XVA desks in a fast-paced environment.
- Company: Join Standard Chartered, a global leader in banking and finance.
- Benefits: Competitive salary, professional development, and a dynamic work culture.
- Other info: Opportunity for career growth in a collaborative and diverse environment.
- Why this job: Make a real impact by managing risks in innovative financial markets.
- Qualifications: 7-8 years of market risk experience and a quantitative degree required.
The predicted salary is between 63000 - 77000 £ per year.
This is a London-based role for a Senior Risk Manager covering the Prime Services and XVA desks. The candidate is expected to work closely with Trading, Sales, Prime Services In-Business Risk and Credit Officers in a fast-paced environment to monitor and ensure that risks remain within agreed traded risk appetite, and where necessary review and approve traded risk limit requests within delegated authorities. The candidate must have at least 7-8 years of prior Market risk experience covering securities and financial derivatives in a Financial Institution. Experience in Counterparty credit risk management is a plus.
Key Responsibilities
- Engage all stakeholders (e.g. Business partners, Traded Risk, Finance, Legal and Compliance) to raise their awareness of Financial Markets’ Product Risks and how these are managed by Traded Risk.
- Monitoring risks of the Prime Services and XVA desks through daily limits monitoring risk reports and stress testing reports, ensuring that the business and risk exposures remain within agreed Traded Risk appetite.
- Review of daily Prime Services limit excess requests or new business requests and ensuring that these are attended to in a timely manner.
- Providing risk analysis and write-ups to the relevant weekly and monthly risk governance forums, ensuring that material key risks are highlighted for the attention of senior management.
- Participation in Prime Services’ new product and service offering and systems on-boarding and testing, ensuring that associated risks and relevant risk limit framework areas established and agreed with the business to ensure key risks are measured, monitored and kept within agreed risk appetite.
- To lead by example and embody the core values of #DoTheRightThing, #BetterTogether and #NeverSettle.
- Monitor and ensure that risk exposures within Prime Services and XVA always remain within agreed risk appetite parameters.
- Review of Prime Services client limit requests in a timely manner and ensuring that approvals are provided promptly and within delegated authorities, or otherwise escalated to senior management for attention.
- Design, review and approve risk limit frameworks for our Prime Services clients in conjunction with our Credit risk and In-business-risk partners, and ensuring that relevant analysis and risk proposals are provided to senior management for their approvals where necessary.
- Conducting semi-annual reviews of the Prime Services risk limit framework to ensure that the framework continues to remain appropriate for capturing the risks of the Prime Services business.
- Uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
- Be alert to significant market movement affecting key risk exposures within our portfolio and providing the appropriate response to material events or other risk issues through assessment and escalation of key risks.
- Ensure risk identification, measurement, reporting, and modelling capabilities are objective, consistent, and compliant with applicable regulations.
- Ensure that material risk exposures and related issues are reported to TRM Head, Prime Services and XVA for notifying the responsible Financial Markets Product Governance Committees and to Group and Business-level committees as appropriate.
Skills and Experience
- Risk Management – Market Risk
- Risk Management – Counterparty Credit Risk
Qualifications
- Education: Bachelor’s Degree or Above in a Quantitative Discipline
- Training: Background In Banking and Finance Risk Management
- Certifications: FRM Or CFA
- Languages: English
Senior Risk Manager (Prime Services and XVA ) in Kennington employer: Standard Chartered
At Standard Chartered, we pride ourselves on being an exceptional employer that values diversity and inclusion, fostering a collaborative work culture where every employee can thrive. Our part-time Manager, Regulatory Reporting role offers flexible working options and a commitment to your professional growth through continuous learning opportunities, all while contributing to meaningful projects that drive positive change in the banking sector. With competitive benefits and a supportive environment, you'll find a rewarding career path that aligns with your values and aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Manager (Prime Services and XVA ) in Kennington
✨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 Standard Chartered. 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 Senior Risk Manager (Prime Services and XVA ) in Kennington
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 Standard Chartered.
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 Standard Chartered'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 Standard Chartered
✨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 Standard Chartered.
✨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 Standard Chartered 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 Standard Chartered 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.
