Market Risk Specialist

Magnit Global; Greater London; On-site; GBP 120,000 - 136,000; Full time

Job summary

Global Banking Organisation in London is seeking an experienced Market Risk Manager on an interim basis. This hands-on role covers daily Market Risk analysis, reporting and control across trading activity, partnering with Front Office and offshore teams.

The candidate will own risk measures, investigate variances and support an effective risk control framework in a fast-paced BAU environment.

Qualifications

• Experience in Market Risk analysis and reporting within capital markets.
• Strong knowledge of VaR, stress testing and risk measures.
• Hands-on daily Market Risk analysis, reporting and control activities.

Responsibilities

• Coordinate, review and oversee the production of daily Market Risk measures and reporting.
• Review and analyse key risk measures including VaR, stress testing and sensitivities.
• Investigate movements, exceptions and issues within Market Risk reporting.
• Perform daily review, control and sign-off activities.
• Support booking flags, booking modifications and risk controls.

Skills

Market risk analysis

Market risk reporting

VaR

Stress testing

Sensitivities

Trading book awareness

Stakeholder communication

Job description

Market Risk Manager/Market Risk SME

Global Banking Organisation

London | 3 days per week onsite | Initial 3-month contract

£650 - £735 per day Inside IR35

Global Banking Organisation are looking for an experienced, hands‑on Market Risk professional on an interim basis. This role sits within the EMEA Market Risk function and will support the day‑to‑day management, production and oversight of market risk information across trading activity. The successful candidate will work closely with the wider Market Risk team, Front Office stakeholders and an offshore Market Risk Reporting function.

This is a particularly hands‑on role and would suit someone who is comfortable operating across both Market Risk analysis and Market Risk reporting, rather than somebody focused solely on senior‑level oversight.

Key Responsibilities:

• Coordinate, review and oversee the production of daily Market Risk measures and reporting.
• Review and analyse key risk measures including VaR, stress testing and sensitivities.
• Investigate movements, exceptions and issues within Market Risk reporting.
• Perform daily review, control and sign‑off activities.
• Support the management of booking flags, booking modifications and associated risk controls.
• Work closely with and provide oversight of the offshore Market Risk Reporting team.
• Ensure the accuracy, completeness and quality of risk information provided to the Market Risk function.
• Support the Market Risk team in identifying and escalating material risk or control issues.
• Provide analysis and Market Risk input to Front Office and other stakeholders where required.
• Support improvements to existing processes, reporting and documentation.
• Contribute to the maintenance of an effective Market Risk control framework.

Experience Required:

• Strong track record of experience within Market Risk or Market Risk Reporting within an investment bank, securities firm or similar capital markets environment.
• Strong practical knowledge of VaR, stress testing, sensitivities and Market Risk measures.
• Experience performing hands‑on daily Market Risk analysis, reporting and control activities.
• Ability to investigate and explain changes in risk exposures and reporting outputs.
• Experience working with trading books and understanding how positions translate into Market Risk.
• Comfortable working in a fast‑paced BAU environment and taking ownership of detailed operational tasks.
• Strong communication skills with the confidence to engage with Risk, Front Office and senior stakeholders.

Product Experience:

Exposure to some of the following would be advantageous:

• Interest Rates, particularly linear Rates products
• Repo/Securities Financing
• Credit and Bond products
• Equity Finance