Market Risk Manager

Revolut; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Revolut seeks a Risk Manager to oversee and manage market risk across multiple activities. This role involves working closely with various teams, applying advanced analytical skills focused on financial markets, and ensuring compliance with established risk frameworks. Candidates should have over five years of relevant experience and a strong academic background in a STEM subject.

Qualifications

• 5+ years experience in market risk or related discipline.
• Understanding of risk factors for FX forwards and options.
• Knowledge of VaR and stress testing methodologies.

Responsibilities

• Monitor compliance with market risk limits.
• Develop and maintain risk limits framework.
• Investigate and escalate limit breaches.

Skills

Data analysis

Problem-solving

Market risk understanding

Education

2:1 degree in a STEM subject

Tools

SQL

Python

Job description

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About Revolut

People deserve more from their money. More visibility, more control, more freedom. And since 2015, Revolut has been on a mission to deliver just that. With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, our super app has helped 28+ million customers get more from their money. And we're not done yet.

As we continue our lightning-fast growth, we believe that two things are essential to continuing our success: our people and our culture. So far, we have 6000+ people working around the world, from our great offices or remotely, on our mission. And we're looking for more. We want brilliant people that love building great products, love redefining success, and love turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

Our Risk team sits at the very core of Revolut. Those special agents work across functions, products, and regions to monitor front-line performance and ensure that the business is on safe footing

People in the Risk team are among the first in the company to get involved in new business initiatives, from App Technology, through Treasury and Finance, to Customer Support

We're looking for a Risk Manager to identify, quantify, and manage Revolut's market risk arising from its activities across a variety of markets A great data lover with a broad understanding of global financial markets. Someone who'll work closely with Treasury, Finance, Operations, Technology, and the broader Risk organisation to independently assess and oversee risk taking activities

Up for the challenge? Let's get in touch

What you'll be doing

• Focusing on FX (fiat and crypto) and rating covering treasury and trading activities of Revolut worldwide, including a growing investment portfolio
• Working with treasury and trading desks to ensure that all relevant market risk factors are properly identified and captured in risk systems
• Developing and maintaining an appropriate market risk limits framework
• Monitoring compliance with limits
• Investigating and escalating limit breaches
• Developing stress testing framework
• Developing and maintaining market risk models

What you'll need

• 5+ years of experience in a market risk role or related discipline, preferably in a global firm with centralised risk governance of subsidiaries
• Understanding of key risk factors and how they are measured for FX forwards and options, fixed income securities, and IR derivatives
• A broad understanding of global financial markets, products, and regulations
• Knowledge of VaR and stress testing methodologies with practical experience in model development, implementation, and governance
• Knowledge of techniques to measure and manage interest rate risks arising from non-trading activities (IRRBB)
• At least a 2:1 degree in a STEM subject from a top university
• The ability to break complex problems into smaller ones and enjoyment of working with data
• Natural curiosity and an interest in making an impact
• A track record of experience demonstrating your fit with the role

Nice to have

• Experience of SQL, Python, and other scripting language

Building a global financial super app isn't enough. Our Revoluters are a priority, and that's why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We're doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That's why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.

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