Market Risk Analyst

Harvey Nash; Greater London; On-site; GBP 45,000 - 65,000; Full time

Job summary

Harvey Nash in London is seeking a skilled Market Risk Analyst on a 12 Month FTC to monitor market risk exposure and deliver clear reporting to senior governance forums.

The role involves developing risk metrics, overseeing limits, and supporting policy changes across trading and risk systems. A numerate degree, Excel/VBA, and strong English and Mandarin are required.

Qualifications

• Bachelor’s degree in a numerate discipline with 1–2 years of market risk experience.
• Good knowledge of market risk measurement and reporting; accounting knowledge would be an advantage.
• Strong Excel and VBA skills.
• Analytical and problem-solving abilities.
• High-quality written and verbal English and Mandarin communication.
• Understanding of wholesale banking and treasury products (rates, FX, lending).
• Awareness of UK prudential framework and capital management is desirable.
• Minimum of 3 years UK work experience.

Responsibilities

• Produce accurate market risk calculations and reports for senior governance forums, with timely information.
• Work with the Market Risk Manager to maintain and enhance the risk infrastructure.
• Review business plans from a market risk perspective and ensure appropriate limits.
• Oversee risk management processes across internal and third-party systems.
• Contribute to methods for measuring exposure (VaR, DV01, FX exposure).
• Track counterparty and country risk, perform stress testing and qualitative assessments.

Skills

Analytical judgement

Problem solving

English & Mandarin communication

Prioritisation & organisation

Education

Bachelor's degree in a numerate discipline

Tools

Excel

VBA

Job description

This is a 12 Month FTC role monitors market risk exposure and delivers clear reporting to senior governance forums and relevant stakeholders. It also contributes to the continued development of risk metrics, oversight controls and reporting processes. With likelihood to be converted into Permanent role.

Key Responsibilities

• Produce accurate market risk calculations and reports in accordance with the relevant policy framework, ensuring senior management and key stakeholders receive timely information. Monitor approved limits each day, investigate exceptions and retain appropriate supporting records.
• Work with the Market Risk Manager to maintain and enhance the risk infrastructure, strengthen reporting and support related change initiatives.
• Review business plans from a market risk perspective and ensure appropriate limits are in place to support controlled activity. Oversee risk management processes across relevant internal and third-party trading and risk systems.
• Contribute to the development of methods used to assess exposure from current and proposed products or activities, including measures such as VaR, DV01 and foreign-exchange exposure.
• Track counterparty credit and country risk, perform stress testing and undertake qualitative risk assessments across relevant business areas.
• Support engagement with relevant functions on market and broader risk topics, including the review and implementation of applicable policies and requirements.

Requirements

• A bachelor’s degree in a numerate discipline, for example applied mathematics, statistics, physics or engineering, plus one to two years of relevant market risk or related experience.
• Good knowledge of market risk measurement, risk management practices and reporting; accounting knowledge would be an advantage.
• Strong hands-on capability in Excel and VBA is essential.
• Well-developed analytical judgement and problem-solving skills.
• High-quality written and verbal communication in both English and Mandarin.
• Understanding of wholesale banking and treasury products—including rates, foreign exchange and lending—and the principles used to value them.
• Awareness of the relevant UK prudential regulatory framework and capital management expectations is desirable, though not mandatory.
• Ability to balance competing priorities and organise work efficiently.
• A professional and discreet approach, with sound judgement when dealing with sensitive information.
• Minimum of 3 years of UK work experience