Manager, Market Risk

Ernst & Young; City of Westminster; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading consulting firm in London is seeking a Market Risk Manager (Quant) to join their Risk Consulting team. The role involves leading client engagements, delivering risk transformation initiatives, and collaborating with major financial institutions. Ideal candidates will have strong analytical skills, traded risk expertise, and a relevant Bachelor's degree. The position offers a competitive salary and various benefits including continuous learning opportunities and flexible working arrangements.

Benefits

Competitive remuneration package

Flexible working

Career development support

Continuous learning opportunities

Leadership development and coaching

Diverse and inclusive culture

Qualifications

• Strong academic background, including at least a 2:1 Bachelor's degree.
• Understanding of derivative pricing, market risk, and CVA methodologies.
• Knowledge of statistical and numerical techniques used in traded risk.
• Experience managing small teams and reviewing deliverables.
• Proven ability to deliver tasks on time and manage projects.

Responsibilities

• Lead client engagements or workstreams for Market Risk.
• Participate in internal projects and deliver risk transformation initiatives.
• Build and maintain strong client relationships.
• Conduct performance reviews and support recruitment.
• Prepare presentations and reports for stakeholders.

Skills

Strong analytical skills

Traded risk expertise

Experience in derivative products

Proficiency in programming languages (e.g., Python, C++, C#)

Excellent communication and commercial skills

Teamwork

Collaboration

Flexibility

Proactiveness

Education

At least a 2:1 Bachelor's degree

Job description

EY is seeking a Market Risk Manager (Quant) with strong analytical skills, traded risk expertise, and experience in derivative products to join the Market Risk team within Risk Consulting. This is a full-time, London (UK)-based role. The team collaborates with clients in Financial Services facing regulatory and risk challenges in areas such as Market, Counterparty, Credit, and Climate Risk. This rapidly growing area offers opportunities to work on high-profile projects and develop your career.

The Opportunity

As a Manager, you will lead client engagements or workstreams, participate in internal projects, and deliver complex risk and regulatory transformation initiatives. You may have line management responsibilities and will own client deliverables from start to finish, in consultation with EY leadership. Building and maintaining strong client relationships is key. You will also support market solutions development, contribute to thought leadership, and assist in sales processes.

You will work on projects with major financial institutions, focusing on traded products and engaging with stakeholders across Front Office, Risk, Model Development and Validation, Model Governance, Finance, and Technology. Example topics include:

• Regulatory remediation initiatives (PRA, ECB, OCC/Fed)
• Capital optimization
• FRTB and trading book wind-down
• Model governance and controls
• Future risk trends, digital assets, and sustainability

Ensure high-quality work, foster a positive learning environment, and coach junior staff.

Key Activities

• Participate in Risk and Assurance engagements with a focus on Market and/or Counterparty Credit Risk
• Collaborate effectively within teams, support communication, and update senior management
• Prepare presentations, reports, and deliverables for stakeholders
• Conduct performance reviews and support recruitment
• Maintain ongoing personal development programs
• Contribute to internal solutions, business development, and market growth
• Participate in project planning and budgeting

Qualifications

• Strong academic background, including at least a 2:1 Bachelor's degree
• Understanding of derivative pricing, market risk, and CVA methodologies
• Knowledge of statistical and numerical techniques used in traded risk
• Proficiency in programming languages (e.g., Python, C++, C#)
• Experience managing small teams and reviewing deliverables
• Excellent communication and commercial skills
• Proven ability to deliver tasks on time and manage projects
• Soft skills: teamwork, collaboration, flexibility, proactiveness

Desirable Skills

• Professional qualifications (CQF, CFA, FRM, PRM)
• Experience with Risk Data & BCBS 239 reporting
• Knowledge of software development environments and project management tools
• Understanding of risk frameworks, policies, and regulatory interactions

What We Look For

We value entrepreneurial attitude, technical and analytical skills, creativity, and strong communication. If you have bold ideas and confidence, this role is for you.

Our Offer

We provide a competitive remuneration package, flexible working, career development support, and benefits tailored to your needs, including holidays, health, insurance, savings, and discounts. Additional offerings include:

• Continuous learning opportunities
• Tools and flexibility for success
• Leadership development and coaching
• Diverse and inclusive culture

If you meet these criteria, we look forward to hearing from you.