Market Risk Manager - ICBC Standard Bank

ZipRecruiter; London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading financial markets bank in London seeks a Market Risk Manager. You will be responsible for primary risk control and reporting of FX, Rates, and Credit trading asset classes, ensuring adherence to risk policies. The ideal candidate has experience in market risk control within Emerging Markets and excellent communication skills. The role offers hybrid working options and competitive compensation.

Benefits

Discretionary annual bonus

Private medical insurance

Pension contribution

Qualifications

• Experience in line market risk and/or product control management.
• Market risk control experience at buy or sell-side.
• FIC market risk experience in Emerging Markets products.

Responsibilities

• Conduct daily analysis on traded positions and control adherence.
• Produce and report on FIC risk factors parameters.
• Identify risks not in VaR with appropriate escalation.

Skills

Market risk control

Communication skills

Emerging Markets FX knowledge

Job description

Market Risk Manager

About the job

This role is part of the Market and Liquidity Risk department which is responsible for identifying, measuring, challenging and reporting all Market and Liquidity risk exposures taken by the bank to ensure the firm trades within its risk appetite framework.

The department is a second Line of Defence (2LoD) independent control function under the "Three Lines of Defence" risk governance model. The department resides under the Quantitative Risk (QR) Division which reports to the CRO of the bank.

What you’ll be doing

This role is responsible for primary risk control and reporting of all FX, Rates and Credit trading asset classes in the FIC business. The role risk control coverage will be across Local and Treasury markets and Structured Solutions businesses.

The role will liaise and coordinate with trading and Finance, other Risk departments, Treasury and Capital Management, Compliance and Audit departments to ensure consistent adherence to risk policies relating to trading and banking book products by the Front Office.

• Daily analysis on traded position, risk, VaR/SVaR, and stress scenarios vs respective controls and ensure response action in accordance with relevant Market Risk policies.
• Explain market risk factor drivers vs the market risk appetite (ECaP, EaR). Produce and report on FIC risk factors parameters associated with all Pillar stresses and Point of weakness top risk.
• Attest to the daily integrity of the VaR/SVaR by investigating underlying causes/changes to the positions and risk in addition to performing key relevant back testing controls.
• Identify Risks not in VaR (RNiV) with appropriate escalation to Market Risk and Risk Methodology.
• Risk factor time series maintenance on the FIC Asset Class to ensure integrity on VaR and stress formats and other associated analysis involving historical simulation.
• Assist in the implementation, development, monitoring and reviewing of appropriate market risk controls and reporting for applicable trading and banking book portfolios.

What you’ll need to be successful

We’re looking for the following skills and experience. If you don’t have all of these but think you could be a good fit for the role, get in touch.

• Experience of line market risk and/or Product control management (preferably in Emerging Markets FX, Rates or Credit discipline) across GLOBAL or either EMEEA, LATAM, or ASIA PACIFIC jurisdictions.
• Market risk control experience at buy or sell side.
• FIC market risk experience in Emerging Markets products.
• Fixed income Local and Hard Currency Primary and secondary issuance.
• Synthetic Equivalents (TRS, CLN's).
• Onshore (Physical)/ Offshore (Non-Deliverable) formats for EM -FX and Rates.
• Funding behavior and risk associated with the above 3 points.
• Good communicator with ability to identify and challenge market risk at senior Trading, Risk Level.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.

We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vision statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.

We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What’s in it for you?

• Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working: the option to work remotely up to two days per week, depending on the role.
• Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development: a suite of opportunities to build the skills you need to excel in your role.

If you’re excited about becoming part of our team, get in touch. We’d love to hear from you!

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.