At a Glance
- Tasks: Monitor and manage market risk for our institutional business while supporting new initiatives.
- Company: Join a Fortune-100 firm with 4,300 employees and a global presence across five continents.
- Benefits: Enjoy a hybrid work environment and opportunities for professional growth in a dynamic industry.
- Why this job: Be part of a team that drives innovation and connects clients to trading opportunities.
- Qualifications: Solid experience in managing risks in Securities Financing; strong analytical and communication skills required.
- Other info: Ideal for those who thrive in fast-paced environments and have a passion for market risk.
The predicted salary is between 43200 - 72000 £ per year.
Overview
Full time, permanent, #LI-Hybrid #LI-SD1
Connecting clients to markets – and talent to opportunity.
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.
Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, we have opportunities for you.
Institutional: Immerse yourself in the best-in-class institutional-grade technology, working alongside industry experts and gaining exposure to various asset classes, such as equities, options, fixed income securities, and advanced trading, research, and management technology.
Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you’ll have the opportunity to optimize processes and implement game-changing policies.
Responsibilities
Position purpose:
This position will help support the institutional business, expand its offering, and help implement Risk procedures and policies around the business.
Primary duties will include:
- Monitor Counterparty Credit Risk and Market Risk exposures originating from the Securities business area and take action when necessary to protect the firm’s capital.
- Perform analysis of client and firm portfolios to ensure the underlying risk factors fit within the firm’s risk appetite levels.
- Communicate risk of positions to brokers, traders, and/or customers and ensure the risk of positions are within Risk appetite levels.
- Review and streamline workflows, identify potential risks, and implement mitigation plans.
- Be the Market Risk lead on new business initiatives as the business continues to grow and implement appropriate Risk frameworks for the business.
- Update relevant documentation including internal Risk procedures as appropriate.
- This list of duties and responsibilities is not intended to be all-inclusive and can be expanded to include other duties or responsibilities that management deems necessary.
Qualifications
To land this role you will need:
- Solid experience with good exposure to managing the risks related to a Securities Financing business (Equities and Fixed Income).
- Ability to build and maintain effective working relationships across all areas of the firm and communicate effectively across all levels.
- Good analytical and problem-solving skills.
- Ability to work independently and take initiative when required whilst also working alongside a broader risk team.
- Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high-priority deliverables.
What makes you stand out:
- Strong IT skills to facilitate data analysis, competency using MS Excel, SQL or Python preferred.
- A practical understanding of market risk concepts such as VaR, sensitivities, and stress testing.
- An understanding of margining rules under GMRA and GMLSA.
- Strong work ethic and emphasis on attention to detail.
Education:
Bachelor degree
Work environment:
Hybrid/ In-office
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Senior Market Risk Manager employer: StoneX
Contact Detail:
StoneX Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Market Risk Manager
✨Tip Number 1
Make sure to familiarize yourself with the latest trends and regulations in market risk management, especially those related to Securities Financing. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a fast-paced environment.
✨Tip Number 2
Network with professionals in the industry, particularly those who work in market risk or securities financing. Attend relevant conferences or webinars to connect with potential colleagues and learn more about the challenges they face, which can give you an edge in discussions during the hiring process.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed risks in previous roles. Highlight your analytical skills and problem-solving abilities by sharing stories that showcase your experience with VaR, sensitivities, and stress testing.
✨Tip Number 4
Demonstrate your IT skills by being ready to discuss how you've used tools like MS Excel, SQL, or Python in your past work. If possible, bring examples of data analysis projects you've completed to show your practical understanding of these technologies.
We think you need these skills to ace Senior Market Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in managing risks related to Securities Financing, particularly in Equities and Fixed Income. Use specific examples that demonstrate your analytical and problem-solving skills.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities of the Senior Market Risk Manager position, especially your ability to communicate risk effectively across various levels.
Highlight Technical Skills: Emphasize your strong IT skills, particularly in data analysis tools like MS Excel, SQL, or Python. Mention any practical understanding of market risk concepts such as VaR, sensitivities, and stress testing to stand out.
Showcase Your Work Ethic: Demonstrate your strong work ethic and attention to detail in your application. Provide examples of how you've successfully managed multiple high-priority deliverables in fast-paced environments.
How to prepare for a job interview at StoneX
✨Showcase Your Analytical Skills
Be prepared to discuss specific examples of how you've used your analytical and problem-solving skills in previous roles. Highlight any experience you have with risk management, particularly in the context of Securities Financing.
✨Demonstrate Effective Communication
Since the role requires communicating risk to various stakeholders, practice articulating complex risk concepts clearly and concisely. Think of scenarios where you've successfully communicated with brokers, traders, or clients.
✨Familiarize Yourself with Market Risk Concepts
Brush up on key market risk concepts such as Value at Risk (VaR), sensitivities, and stress testing. Be ready to discuss how these concepts apply to the role and how you've utilized them in your past experiences.
✨Highlight Your IT Proficiency
Given the emphasis on strong IT skills, be prepared to discuss your experience with data analysis tools like MS Excel, SQL, or Python. Share specific projects where you've leveraged these tools to enhance risk management processes.