Market Risk Manager

Job Description
Summary
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This is a new permanent role in a well established international bank
This person will have strong rates market knowledge

About Our Client

My client is the London based securities and investment banking arm of an international banking group. With a primary focus on client based activities, its wide range of services includes sales and trading in both debt and equity securities, the underwriting of new issues and M&A advisory services.

Job Description

The Market Risk Manager will have:

Daily Market Risk Management for various trading desks within the Fixed Income & Equity businesses
Produce periodic commentaries (daily; weekly; monthly) that link risk, P&L and market data information. Identify and communicate top market risks.
Link the commentaries with market risk measures.
Assist in reviewing exposures as part of the Volcker rules.
Assist in keeping Front Office appraised of the methodology that is being used to calculate their risk positions.
Pro-actively participate in market risk methodology reviews.
Assist in reviews of current Limit framework and implement change as appropriate in consideration of the firm's business plans.
Assist in reviewing the Stress Testing scenarios and framework.
Produce ad-hoc reviews of transactions and be involved in analysing new products on behalf of Market Risk Management.
Participate in company initiatives to review the system infrastructure, to ensure it will provide a robust risk framework for the approved model set.

The Successful Applicant

The ideal Market Risk Manager will have:

University degree, ideally in a numerate subject
Rates market knowledge within banking or another Financial Services business
Experience working in a front office facing role
Experience in a Market Risk role, ideally in banking
Appreciation of the risks inherent to the products covered in the past experiences;
Ability to deliver value added analysis
Ability to deliver changes to valuation and risk methodology.
Good understanding of derivative products in the market risk management arena
Good understanding of risk measurement methodology techniques
Ability to communicate at all levels and deliver technical explanations to the layman as well as the practitioner
Ability to assimilate large amounts of data and transform into consumable information
Excel and Basic VBA skills.