Market Risk Manager

NatWest Group; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

NatWest Group in London is seeking a Market Risk Manager to join our trading floor and manage risk coverage of the global Commercial and Institutional Capital Markets franchises. You will collaborate with trading and structuring teams to implement risk appetites, monitor breaches, review deals, and develop market risk knowledge, while reporting to senior stakeholders.

This role offers broad exposure to liquidity management, risk models, and cross-functional interaction with finance, quants, and

Qualifications

• Formal banking qualification or equivalent experience.
• Technical expertise in credit and rates products, vanilla and structured.
• Clear and confident communicator across levels of seniority.
• Extensive knowledge of market risk assets, preferably rates and credit.
• Ability to understand complex deals to support fair customer outcomes.
• Ability to plan and organize workload to meet productivity and service standards.

Responsibilities

• Implement agreed risk appetites and monitor breaches.
• Review trading strategies at portfolio and deal level and escalate issues.
• Support development of risk appetite and market risk limit framework.
• Develop knowledge of financial markets, liquidity management and key income drivers.
• Review trade proposals and non-standard deal documents for approval.
• Review ongoing operation of risk models and work with methodology improvements.
• Maintain interaction between market risk, the business, finance, quants and stakeholders.

Skills

Credit & rates products

Communication

Independent work

Market risk asset classes

Deal analysis

Education

Formal banking qualification or equivalent experience

Job description

Join us as a Market Risk Manager

• You'll join a dynamic working environment and manage risk coverage of the top global Commercial and Institutional Capital Markets franchises
• In this trading floor-based role, you'll be working closely with the trading and structuring business
• With the opportunity to further develop an extensive range of skills and knowledge, this varied role also offers excellent exposure to our business and its senior stakeholders

What you'll do

As a Market Risk Manager, you’ll be implementing agreed risk appetites, including monitoring adherence and appropriately escalating breaches.

Your role will also involve:

• Understanding, reviewing, and challenging trading business strategies at the portfolio and deal level, and highlighting and escalating issues and any unusual trading activity
• Supporting senior management in the development of the risk appetite and the implementation of the market risk limit framework
• Developing a detailed knowledge of financial markets, investment strategies, liquidity management and key income drivers
• Reviewing trade proposals, and non-standard deal documents and making recommendations on approval dependent on sign-off level
• Reviewing the ongoing operation of risk models and working with market risk methodology on improvements
• Maintaining interaction between market risk, the relevant business, finance, quants and any other relevant stakeholders

The skills you'll need

To succeed in this role, you’ll hold a formal banking qualification or equivalent professional experience with accreditation aligned to the role or be willing to work towards one.

You’ll also need:

• Technical expertise in credit and rates products, both vanilla and structured
• To be a clear and confident communicator across all levels of seniority
• To be driven, independent and able to enhance existing processes
• Extensive knowledge of one or more market risk asset classes, preferably rates and credit
• The ability to understand complex deals to support fair customer outcomes while protecting the organisation’s position, ideally in a market risk function at a large multinational bank
• The ability to plan and organise the workload to ensure the achievement of productivity and delivery to agreed service standards