Market Risk Oversight -Associate Director

Michael Page (UK); London; Hybrid; GBP 90,000 - 100,000; Full time

Job summary

A leading Corporate and Investment Banking client in London seeks a Market Risk Oversight Associate Director. In this pivotal role, you will perform risk oversight, ensure compliance with market and liquidity risk regulations, and provide key insights and guidance to multiple business units, all while working in a hybrid model. Candidates should possess a strong educational background in finance or related fields and a proven record in risk management.

Benefits

Comprehensive benefits package

Pension contributions

Hybrid working model

Qualifications

• Significant experience in market and liquidity risk management (minimum 5 years).
• High understanding of global market risk regulations and practices.
• Ability to analyze data and provide reporting insights.

Responsibilities

• Overseeing risk in Treasury and Corporate Finance desks and ensuring compliance.
• Assessing Market Risk Limit requests and performing desk reviews.
• Monitoring trading activity and analyzing exposures for unusual movements.

Skills

Risk management

Market risk analysis

Liquidity risk assessment

Data analysis

Problem-solving

Strong Excel skills

Education

Degree in finance, accounting, or economics

Risk qualification (PRM, FRM)

Tools

VBA

Algorithmic trading knowledge

Job description

• Superb new role for a Market Risk VP.
• Part of the Market Risk oversight team.

About Our Client

Corporate and Investment Banking client , based in London, looking to hire a Market Risk Oversight -Associate Director.

Job Description

The Market Risk Oversight Associate Director will

• Perform risk oversight on Treasury, Corporate Finance and traded Markets desks.
• Provide independent review and challenge of business activities.
• Provide advice and guidance to Markets, Treasury and Corporate Finance.
• Review new products/activities ensuring market and liquidity risk requirements are met.
• Assess Market Risk Limit requests, supporting or not in line with NAB risk appetite.
• Support Market and Balance Sheet and Liquidity Risk policies.
• Undertake Market Risk and Liquidity Risk reporting.
• Processing of Key Risk Indicators triggered.
• Annual Desk Reviews.
• Contribution towards projects involving IRRBB and FXRBB risk management.
• Maintain close and effective working relationships with business units and risk teams.
• A keen interest in financial markets, geopolitical trends, economic policy, and impacts will allow for further success in the role.
• Articulate and control risk appetite, provide value-adding insight and oversight and challenge business activities, saying no when such a decision is warranted.
• Maintaining the independence of the Market Risk function and ensuring the "Risk Management Accountability Model" discipline is adhered to.
• Keeping abreast of regulatory, market and business specific developments and maintaining a contemporary understanding of best practice in risk management.
• Deep dive review and insight into specific desk position or market moves. analysis of exposures, explaining positions and movements in market risk and liquidity risk metrics.
• Monitor trading activity throughout the day reviewing the impact on positions against limits and to look for any unusual activity.
• Analyse data, solve problems, resolve queries, provide regular and ad-hoc reporting requests, resolve data integrity issues, process breaches, calibrate limits, provide detailed insights and produce the banks liquidity reporting including regulatory reporting if necessary.

The Successful Applicant

A successful Market Risk Oversight Associate Director should have:

• Degree and/or post-graduate qualification in a relevant subject, e.g. finance, accounting, economics.
• While not required, risk qualification, PRM (PRMIA) or FRM (GARP) would be beneficial.
• Significant experience of market risk and liquidity risk management in a financial services environment (minimum 5 years).
• High-level of understanding of key global market risk and liquidity risk regulations applied to the financial services industry.
• Good knowledge and understanding of market risk and liquidity practices and of general risk management principles.
• Working knowledge of key wholesale markets products, particularly bonds, repo, loans, and interest rate derivatives.
• Demonstrated capability for identification, assessment, and evaluation of risk.
• Strong Excel skills, including working knowledge of VBA.
• Coding skills and/or electronic and Algorithmic trading knowledge would be beneficial.

What's on Offer

• A competitive salary ranging from £90,000-£100,000
• Target bonus circa 20% discretionary
• Comprehensive benefits package including pension contributions and other perks.
• Hybrid working

If you're ready to take on this challenging and rewarding role in market risk oversight, we encourage you to apply today!