Market Risk & Stress Testing Manager - Banking

Rothstein Recruitment; London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading company in the banking sector is seeking a Market Risk & Stress Testing Manager to enhance risk analytics and governance. This role involves implementing market risk policies and conducting stress testing exercises. The ideal candidate will possess strong analytical and communication skills, with relevant banking experience.

Qualifications

• Understanding of IFRS 9 ECL processes and models.
• Experience in stress testing within regulated environments.
• Knowledge of Money Market, Fixed Income, Foreign Exchange, and Treasury products.

Responsibilities

• Lead enhancement and implementation of the Bank’s Stress Testing Framework.
• Contribute to development of market risk policies and frameworks.
• Manage the Bank’s model risk inventory and assessments.

Skills

Analytical Skills

Quantitative Skills

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 our risk management team. This newly created position involves maintaining the Bank's risk analytics and stress testing functions, managing model risk and governance, and implementing market risk policies across the Bank.

Stress Testing

1. Lead the enhancement, annual refresh, and implementation of the Bank’s Stress Testing Framework and governance.
2. Assist in designing the annual stress testing plan, ensuring alignment with regulatory requirements and industry best practices.
3. Design and execute stress testing exercises in collaboration with SMEs from various business functions (Risk, Finance, etc.). Conduct periodic stress testing of market and liquidity risk profiles.
4. Ensure data integrity controls over stress testing and scenario analysis data.
5. Provide financial stress test information, analysis, and advice to support the CRO and senior management in decision-making based on stress test results.

Market Risk

1. Contribute to the development and enhancement of market risk policies and frameworks aligned with the Bank’s risk appetite, including setting and monitoring limits for interest rates, foreign exchange, and Treasury investments (primarily banking book).
2. Assess and report on the Bank’s market risk profile and compliance with established limits, including commentary on key developments and trends.
3. Support the Director in the annual updates of ICAAP, ILAAP, and Recovery Plan.

Required Knowledge and Skills:

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

Modelling and Analytics

1. Lead the enhancement and implementation of the Model Risk Management Framework and governance.
2. Manage the Bank’s model risk inventory, assessments, and oversight of control standards.
3. Oversee IFRS 9 models, assumptions, and validation processes.
4. Serve as the primary contact for IFRS 9 ECL queries from stakeholders.
5. Prepare and present MI reports regularly.

Minimum Experience:

1. Relevant experience in the Banking industry, preferably in a leading institution.
2. Strong analytical, quantitative, and risk assessment skills.
3. Excellent communication and presentation abilities.
4. Ability to work independently and in teams, with good organizational skills.

If interested, please apply!