Market Risk Manager, VP

Recruiter
Citi
Location
London, United Kingdom
Salary
Competitive
Posted
21 Jan 2023
Closes
04 Feb 2023
Ref
18533409
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview:
The G10 Rates and FX team within the Market Risk Management group is responsible for the oversight of these businesses. This role is for a Risk Manager, located in London to join an existing team focused on the market risks associated with the Global FX business.

The Global FX business is a significant business covering all standard FX products including options & exotic derivatives, model based trading as well as standard vanilla products within the Global Rates and Currencies franchise.

The successful candidate must be able to build effective relationships with front office and other groups as well as risk colleagues, challenge assumptions, be comfortable with quantitatively complex issues, willing to work at the detailed level and be a producer of high quality and insightful output.
It is vital that the candidate should have and develop further a very good technical knowledge of FX and interest rate products as well as market risk approaches.
Over time there may be scope to expand to cover other aspects within Risk Management.

Responsibilities:
  • Work with existing team members to be accountable for the identification and evaluation of market risks generated by the Global FX business. Identification of 'top risks' and outlier stress events. Working on and performing ad-hoc scenarios.
  • Communication with trading desks.
  • Candidate must be very comfortable discussing products and their risks and building spreadsheets to analyse risk and market data, portfolio risks and individual trades.
  • Working with others to ensure that the reported exposures are correct and cover the main drivers of risk and potential p/l; identification and resolution of any data issues.
  • Collect and aggregate data from multiple industry specific sources
  • Facilitate analysis and meaningful reporting of the data
  • Work with senior risk managers in market specific compliance programs
  • Ensuring limits are properly set and monitored accurately. Contribute to the development or production of metrics used to satisfy regulatory requirements and stress testing processes.
  • Periodic preparation of presentation materials for senior management or for internal discussions. Ability to speak as needed on market events.
  • Review and validate assumptions in risk models used by underlying business unit(s) and analyse the impact of model changes.
  • Work closely with Financial Control, Price Verification and the Model Risk groups within the organization to ensure that the proper controls are in place.
  • Help with reviews of new business proposals including risk limits setting and monitoring and ensuring risks can be fully captured within the firm's systems.
Qualifications:
  • Relevant years of experience. Good quantitative level of experience with derivative products pricing and risk.
  • Experience with portfolio risk measurement techniques including VAR and stress testing.
  • Strong relationship management and liaison with business people of all levels. But must be willing to challenge as needed, particularly front office.
  • Must be dedicated to information integrity and to producing high quality and insightful output and hitting deadlines where applicable. Must be prepared to go into as much detail as is required to resolve issues. Must be capable of working very productively using time very efficiently.
  • Good presentation and communication skills.
Education:
  • Bachelor's/University degree or equivalent experience
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:
Risk Management -------------------------------------------------
Job Family:
Market Risk ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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