Market RiskAssociate Director

• Excellent opportunity in Market Risk Oversight, for wholesale banking group.
• New role to the market, seeking a candidate of senior manager level.

About Our Client

Investment and Corporate Bank, London based, hiring a Market Risk Associate Director.

Hybrid working - 3 days a week in office.

Positive culture, promote internal advancement and global opportunities.

Job Description

The Market Risk Associate Director will:

• Perform risk oversight on Interest Rate products.
• Provide independent review and challenge of business activities.
• Review new products/activities ensuring market risk requirements are met.
• Assess Market Risk Limit requests, supporting or not in line with the bank's risk appetite.
• Support Market Risk policies locally.
• Undertake Market Risk reporting locally.
• Process Key Risk Indicators triggered.
• Conduct Annual Desk Reviews.
• Maintain the independence of the Market Risk function and ensure the 'Risk Management Accountability Model' discipline is adhered to.
• Keep abreast of regulatory, market, and business-specific developments and maintain a contemporary understanding of best practices in risk management.
• Timely process of Key Risk Indicators triggered, including analysis of exposures and escalation where required, explaining positions and movements in market risk and liquidity risk metrics.
• Monitor trading activity throughout the day, reviewing their impact on positions against limits and looking for any unusual activity.
• Analyze data, solve problems, resolve queries, provide regular and ad-hoc reporting requests, resolve data integrity issues, process breaches, calibrate limits, and produce Rates and Repo reporting and insight if necessary.
• Create or amend limit structures, discuss business requirements in relation to market risk, analyze current limit structure and methodology, and implement any changes.

The Successful Applicant

The Market Risk Associate Director will have:

• Significant experience of market risk management in a financial services environment (minimum 5 years).
• High-level understanding of key global market risk regulations applied to the financial services industry.
• Good knowledge and understanding of market risk practices and general risk management principles.
• Working knowledge of key wholesale markets products, particularly interest rate derivatives, interest rate options, and repos.
• Demonstrated capability for identification, assessment, and evaluation of risk.
• Strong Excel skills, including working knowledge of VBA.
• Coding skills and/or electronic and Algorithmic trading knowledge would be beneficial.

What's on Offer

Competitive salary.

Competitive benefits and bonus.