Senior Manager Market Risk

Salary: £96,000 – £102,000 per year

On behalf of our client, an established bank based in London, we are looking for a Senior Manager Market Risk to join their team on permanent basis.

To manage the Bank’s market risks within the appetite set by the Board, and improve and report on the effectiveness of the market risk framework, policies and procedures to both Executive Management and the Board.

Responsibilities include but are not limited to:
– Lead the development, management and maintenance of the Bank’s market risk framework,
-Provide quantitative analyses and reporting on market risks, trading P&L, interest rate risk, position tracking against limits, and general risk management reporting for the Bank’s investment portfolio.
– Validate and approve pricing and valuation models for trading and investment positions.
-Produce daily, monthly and quarterly reporting to Executive Management and the Board
-Engage with relevant business projects to ensure that market risk issues are properly considered in all material decisions and reported appropriately.
– To provide support and guidance to Treasury.
-Maintain awareness of developments in market risk and control assessment in the industry
-Assist in the development of the ICAAP, ILAAP and RRP documents for the Bank; contribute to the review of the scenario analysis framework.

Skills and knowledge:
4-6 years retail banking market risk experience and an in-depth understanding of market risk management.
In-depth knowledge of fixed income trading products and markets; bonds, rates and derivatives.
Solid understanding of market risk measurement, methodologies sensitivities, VaR and stress testing and market risk policy development.
Market facing experience in Credit Trading, Emerging Markets and FX market risk management.
Strong knowledge of the UK regulatory environment
Excellent understanding of processes, controls, and responsibilities associated with a banking institution.
Excellent analytical skills.
Strong Microsoft Office skills.
Relevant professional qualifications are desirable.
MS Office suite, Bloomberg, Reuters, and general experience of treasury front and back office operating systems.