Market Risk Manager

TN United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job description

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Types of Jobs - Risk Management / Control

Job title

Contract type

Permanent Contract

No

Job summary

Daily Responsibilities:
Assist the Head of FC and FX options Risk Manager in the monitoring of Market Activity, the review of positions taken by the desk and communication to Senior Management:
• Daily review of market news and movement
• Daily review of positions taken and changes to the positions
• Daily review of the P&L analysis and risk reports produced by the Product Control Dept.
• Daily communication to senior business and risk management
• Monitor limits for FX and FX Options portfolio’s and take action when necessary

Periodic Responsibilities:
Assist the Head of FX and FX options Risk Manager in the review of the risks taken by the business and the reward of taking these risks using current or new methodologies:
• Analyse risks taken by the business – positions, sensitivities and VaR figures, stress test results, both core and non-core risks (e.g. by testing the limits of the models used-calibrations etc)
• Seek other market views – risk takers from various desks, quantitative analysis
• Define the reserving policy for FX and FX Options businesses
• Review current risk reporting processes and highlight gaps/weaknesses in current coverage, measurement and/or methodologies
• Establish a regular risk forum for the FX and FX Options business lines to discuss the above
• Escalate critical risk to CRO/ Head of Market Risk

Assist the Head of FX and FX Options Risk Manager in ensuring that the market risk control environment complies with the regulatory requirements:
• Enhancement of VaR and stress test methodologies; new risk factors, improvement of historical data quality
• Analysis of the VaR back-testing
• Inclusion of new products in VaR and stress testing frameworks
• Compliance with French Banking Law

Change Management:
Challenge the status quo, promote change and coordinate transformation of methodologies, measurements & processes with business and support areas:
• Challenge:
- Current risk culture
- P&L reporting
- Price verification policy
- Reserving policy
- Pricing and sensitivity generation
- Risk consolidation
- Risk reporting
• Promote change within the business
- Focus on risk issues
- Transparency of core and non-core risks
- Limit setting, monitoring & reaction
• Promote change within the support areas
- Data management (Market and historical data management)
- Market Risk Engineering (new model & product approval)
- Project Management
- Back office (deal flow)
• Assist the Head of FX & FX Options Risk Manager in the co-ordination of change
- Drive the business to coordinate the process
- Maintain final sign–off authority (delegated by Global Head of DRM)

Supplementary Information

Our commitment to you:

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment.
With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know.

Geographical area

Europe, United Kingdom

City

London

Job description

Business type

Types of Jobs - Risk Management / Control

Job title

Market Risk Manager

Contract type

Permanent Contract

Management position

No

Job summary

Daily Responsibilities:
Assist the Head of FC and FX options Risk Manager in the monitoring of Market Activity, the review of positions taken by the desk and communication to Senior Management:
• Daily review of market news and movement
• Daily review of positions taken and changes to the positions
• Daily review of the P&L analysis and risk reports produced by the Product Control Dept.
• Daily communication to senior business and risk management
• Monitor limits for FX and FX Options portfolio’s and take action when necessary

Periodic Responsibilities:
Assist the Head of FX and FX options Risk Manager in the review of the risks taken by the business and the reward of taking these risks using current or new methodologies:
• Analyse risks taken by the business – positions, sensitivities and VaR figures, stress test results, both core and non-core risks (e.g. by testing the limits of the models used-calibrations etc)
• Seek other market views – risk takers from various desks, quantitative analysis
• Define the reserving policy for FX and FX Options businesses
• Review current risk reporting processes and highlight gaps/weaknesses in current coverage, measurement and/or methodologies
• Establish a regular risk forum for the FX and FX Options business lines to discuss the above
• Escalate critical risk to CRO/ Head of Market Risk

Assist the Head of FX and FX Options Risk Manager in ensuring that the market risk control environment complies with the regulatory requirements:
• Enhancement of VaR and stress test methodologies; new risk factors, improvement of historical data quality
• Analysis of the VaR back-testing
• Inclusion of new products in VaR and stress testing frameworks
• Compliance with French Banking Law

Change Management:
Challenge the status quo, promote change and coordinate transformation of methodologies, measurements & processes with business and support areas:
• Challenge:
- Current risk culture
- P&L reporting
- Price verification policy
- Reserving policy
- Pricing and sensitivity generation
- Risk consolidation
- Risk reporting
• Promote change within the business
- Focus on risk issues
- Transparency of core and non-core risks
- Limit setting, monitoring & reaction
• Promote change within the support areas
- Data management (Market and historical data management)
- Market Risk Engineering (new model & product approval)
- Project Management
- Back office (deal flow)
• Assist the Head of FX & FX Options Risk Manager in the co-ordination of change
- Drive the business to coordinate the process
- Maintain final sign–off authority (delegated by Global Head of DRM)

Supplementary Information

Our commitment to you:

Join our team at Crédit Agricole CIB, the corporate and investment banking arm of 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). We offer more than just a job.

You will be part of a dynamic and collaborative work environment where CSR is embraced in our day-to-day business operation, innovation is encouraged and diversity is celebrated.

Crédit Agricole CIB, the first French bank to have committed to the Equator Principles, is a pioneer and global leader in sustainable finance. Our commitment to sustainability and corporate responsibility means that your work will have a positive impact on our communities and the environment.
With a people-centric culture where everyone is valued, and opportunities for personal and professional growth, Crédit Agricole CIB is not just a place to work – it is where you make an impact.

Our hiring process is open to all and should you have any particular needs or you may require adjustments, please let us know.

Position location

Geographical area

Europe, United Kingdom

City

London

Candidate criteria

Minimal education level

Postgraduate degree – MA/MSc/PhD/Doctorate or equivalent

Academic qualification / Speciality

· Degree within relevant discipline

Experience

· Robust prior experience within Market Risk with a detailed understanding of FX, FX Options and Exotic products.

Required skills

· Have the ability to explain high-level trading risk for responsible portfolio managers

· Strong communication skills

· Strong relationship building capabilities

Technical skills required

• Python
• VBA
• PowerBI
• Advanced knowledge of whole MS Office Suite of products

Languages

English