Senior Market Risk Manager - Credit Trading

Jefferies; City Of London; On-site; GBP 80,000 - 110,000; Full time

Job summary

A leading financial institution is seeking a Risk Manager to join their London Fixed Income Market Risk team. This role focuses on the European Credit Trading business and involves overseeing credit portfolios, managing market risks, and advising management on risk frameworks. Ideal candidates will possess at least 10 years of experience in credit analysis or market risk management, with strong analytical and communication skills. This position offers an opportunity to work in a dynamic financial environment.

Qualifications

• At least 10 years of experience in credit analysis or market risk management.
• Ability to communicate effectively with senior management.
• Hands-on practical experience in risk management.

Responsibilities

• Oversee and manage Credit Trading portfolios.
• Identify and manage market risks within risk appetite.
• Advise management on market risk control framework.
• Perform deep-dive analyses on trading and credit risk.
• Lead testing and onboarding of new risk technologies.

Skills

Analytical skills

Communication skills

Quantitative skills

Understanding of credit products

Education

Degree in a quantitative or finance-related discipline

Job description

The role is for a Risk Manager to join the London Fixed Income Market Risk team. The team sits on the trading floor and interacts with the Front Office daily. The position focuses on the European Credit Trading business, which spans several desks, from IG credit to high-yield and distressed.

The day-to-day responsibilities include defining risk appetite and limits, engaging with Trading to understand and challenge positions, communicating with senior management regarding market developments, risks, and P&L, providing input into new business initiatives, and offering expertise on market risk-related topics across the firm.

In addition to focusing on macro-level sensitivities (VaR, stress, CR01), the role holder will also play a key role in assessing single-name risk and providing fundamental insight on challenging credit situations.

The ideal candidate will have experience working with complex single-name risk in a credit analyst, credit officer, or market risk manager role and will be looking for an opportunity to work in a fast-growing financial institution. The role requires the ability to deep dive and be hands-on while maintaining a macro perspective.

The role reports to the JIL Head of Fixed Income Market Risk.

The JIL Risk Management department is overseen by the JIL Chief Risk Officer. The team works closely with risk management teams in New York, Frankfurt, and Asia.

Key Responsibilities

• Oversee and risk-manage the relevant Credit Trading portfolios, including fundamental analyses of credit-risky positions as appropriate.
• Ensure that market risks arising from the relevant portfolios are identified, understood, captured, reported, escalated as required, and managed within risk appetite.
• Advise management on defining and refining an appropriate market risk control framework, including ongoing review and improvement of the risk appetite framework and the firm’s approach to stress testing and scenario definition.
• Perform deep-dive analyses on products, trading, hedging strategies, and credit risk, and develop risk frameworks for new products.
• Lead the testing and onboarding of new risk technologies.

Experience, Skills, and Qualifications

• Educated to degree level, ideally in a quantitative or finance-related discipline, with strong analytical skills.
• At least 10 years of experience, including roles as a credit analyst, credit officer, or front-office-facing credit trading risk manager.
• Understanding of credit products, with particular emphasis on high-yield, distressed, traded loans, and financial credits.
• Track record of working successfully with the front office and risk management and communicating effectively with senior management.
• Awareness of market standards for risk management and control, including hands-on practical experience.
• Excellent oral and written communication skills.
• Strong quantitative skills.