Macro Market Risk Manager VP

City of London
19 Jun 2019

Global investment bank seeks a VP level Market risk Manager to cover a portfolio of Macro products.

Overall purpose of role

As part of the Macro Market Risk Management team, the role will intially cover the trading desks under the FX business, though later also the Rates businesses.

The Risk Manager provides additional and independent information to the business to enhance decision making, whilst providing a control environment which satisfies the objectives set by the regulators.

Responsible for overseeing the smooth running of the risk reporting, production, and review process, and making themselves aware of the significant market risks in the businesses they cover in the process.

Key Accountabilities

  • Execute strong risk management for market risks: challenging the business as appropriate, whilst facilitating the business to grow in a scalable and controlled manner. Create and deploy metrics as required to monitor and control the business's risk.
  • Interact with key stakeholders / desk heads at a senior level, and covering for senior forums as required such as regulator meetings and senior management meetings.
  • Architect scenario stresses for market events to guard against sudden market volatility, as well as exposing the book's vulnerabilities.
  • Manage the risk appetite and limit setting process for the business, weighing up factors such as budgets, market liquidity, and growth in products and client base.
  • Ensure strong governance is instilled and followed by the juniors in the team.
  • Execute Stewardship across market risk processes, making both imcremental as well as strategic improvements.
  • Mentor the more junior members of the team .

Essential Skills:

  • Very strong risk management experience across the whole FX asset class, both options and linear; G10 and EM.
  • Willingness to learn about the Rates asset class, whilst initially covering an FX business, with a view to transition to covering a Rates business.
  • Strong proficiency in Excel absolutely required.
  • Ability to propose, create, and deploy views and appropriate cuts of risks, including creation of new metrics or scenarios, in order to visualise and subsequently summarise risk for management.
  • Motivated self-starter, able to operate from day one with minimal supervision essential.
  • Require the ability to disentangle and unpick processes with a view to improving them.
  • Applied math knowledge, with an ability to understand and employ quantitative or statistical analysis.
  • Ability to develop and mentor juniors and offshore resources.
  • Some experience in a technology/analytics/ process function is a plus.
  • Experience with relational databases and programming is beneficial.
  • Some Python experience is potentially of some possible benefit.

Morgan McKinley is acting as an Employment Agency in relation to this vacancy.

Please note that any references to salary or pay rates in this advertisement and in the salary refinement section are indicative only and should only be used as a guide.

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