Market Risk & Stress Testing Manager - Banking

ZipRecruiter; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in London is seeking a Market Risk & Stress Testing Manager to enhance risk management analytics and stress testing functions. The role involves developing market risk policies, leading stress testing exercises, and ensuring compliance with regulatory standards. Ideal candidates will possess strong analytical and quantitative skills, with experience in banking and risk assessment.

Qualifications

• Experience in banking, preferably in a leading institution.
• Strong analytical, quantitative, and risk assessment skills.

Responsibilities

• Lead the enhancement and implementation of the Bank’s Stress Testing Framework.
• Develop and enhance market risk policies aligned with the Bank’s risk appetite.
• Manage the bank’s model risk inventory and assessments.

Skills

Analytical Skills

Quantitative Skills

Risk Assessment

Communication

Organizational Skills

Job description

Job Description

Market Risk & Stress Testing Manager - Banking

We are seeking a Market Risk & Stress Testing Manager to play a pivotal role in maintaining the Bank's risk management analytics, stress testing functions, model risk management, and the implementation of market risk policies across the Bank.

Stress Testing

• Lead the enhancement, annual refresh, and implementation of the Bank’s Stress Testing Framework and governance.
• Assist in designing the annual stress testing plan, ensuring alignment with regulatory requirements and industry standards.
• Design and execute stress testing exercises in collaboration with SMEs across business and functional areas, including periodic testing of market and liquidity risks.
• Ensure data integrity controls are in place for stress testing and scenario analysis data.
• Provide stress test insights and analysis to support senior management decisions.

Market Risk

• Develop and enhance market risk policies and frameworks aligned with the Bank’s risk appetite.
• Assess and report on the Bank’s market risk profile, compliance with limits, and key developments.
• Support annual updates of ICAAP, ILAAP, and Recovery Plan.

Knowledge Requirements

• Understanding of IFRS 9 ECL processes, stress testing in regulated environments, and relevant models.
• Knowledge of Money Market, Fixed Income, Foreign Exchange, and Treasury products, including settlement processes.
• Familiarity with UK capital and liquidity regulations.

Modelling and Analytics

• Lead the Model Risk Management Framework and governance.
• Manage the bank’s model risk inventory, assessments, and controls.
• Oversee IFRS 9 models, assumptions, and validation processes.
• Serve as the primary contact for IFRS 9 ECL queries and deliver MI reports regularly.

Minimum Experience

• Experience in banking, preferably in a leading institution.
• Strong analytical, quantitative, and risk assessment skills.
• Excellent communication and presentation abilities.
• Proven ability to work independently and in teams, with good organizational skills.

If interested, please apply!