Senior Risk Manager (Prime Services and XVA )

Standard Chartered; Greater London; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Flexible working

Annual leave

Wellbeing programs

Learning culture

Job summary

Standard Chartered in London is seeking a Senior Risk Manager to cover the Prime Services and XVA desks. You will work closely with Trading, Sales, In-Business Risk and Credit Officers to monitor risks and ensure they stay within approved risk appetite, approving limit requests within delegated authorities.

The successful candidate will have 7–8 years of market risk experience spanning securities and financial derivatives in a financial institution.

Qualifications

• 7–8 years of Market Risk experience in securities and derivatives.
• Experience in Counterparty credit risk is a plus.
• Strong understanding of risk measures and governance processes.

Responsibilities

• Monitor risks of Prime Services and XVA to stay within risk appetite.
• Review daily Prime Services limit excess requests and new business proposals.
• Provide risk analysis for weekly/monthly governance forums.
• Design and approve risk limit frameworks with Credit Risk and In-Business Risk partners.

Skills

Market Risk

Counterparty Risk

Education

Bachelor’s Degree or Above in Quantitative Discipline

FRM or CFA

Job description

Job Summary This is a London-based role for a Senior Risk Manager covering the Prime Services and XVA desks. The candidate is expected to work closely with Trading, Sales, Prime Services In-Business Risk and Credit Officers in a fast-paced environment to monitor and ensure that risks remain within agreed traded risk appetite, and where necessary review and approve traded risk limit requests within delegated authorities. The candidate must have at least 7-8 years of prior Market risk experience risk covering securities and financial derivatives in a Financial Institution. Experience in Counterparty credit risk management is a plus.

Job Summary This is a London-based role for a Senior Risk Manager covering the Prime Services and XVA desks. The candidate is expected to work closely with Trading, Sales, Prime Services In-Business Risk and Credit Officers in a fast-paced environment to monitor and ensure that risks remain within agreed traded risk appetite, and where necessary review and approve traded risk limit requests within delegated authorities. The candidate must have at least 7-8 years of prior Market risk experience risk covering securities and financial derivatives in a Financial Institution. Experience in Counterparty credit risk management is a plus.

Key Responsibilities

Business

• Engage all stakeholders (e.g. Business partners, Traded Risk, Finance, Legal and Compliance) to raise their awareness of Financial Markets’ Product Risks and how these are managed by Traded Risk.

Processes

• Monitoring risks of the Prime Services and XVA desks through daily limits monitoring risk reports and stress testing reports, ensuring that the business and risk exposures remain within agreed Traded Risk appetite,
• Review of daily Prime Services limit excess requests or new business requests and ensuring that these are attended to in a timely manner,
• Providing risk analysis and write-ups to the relevant weekly and monthly risk governance forums, ensuring that material key risks are highlighted for the attention of senior management,
• Participation in Prime Services’ new product and service offering and systems on-boarding and testing, ensuring that associated risks and relevant risk limit framework areas established and agreed with the business to ensure key risks are measured, monitored and kept within agreed risk appetite,

People & Talent

• To lead by example and embody the core values of #DoTheRightThing, #BetterTogether and #NeverSettle.

Risk Management

• Monitor and ensure that risk exposures within Prime Services and XVA always remain within agreed risk appetite parameters,
• Review of Prime Services client limit requests in a timely manner and ensuring that approvals are provided promptly and within delegated authorities, or otherwise escalated to senior management for attention,
• Design, review and approve risk limit frameworks for our Prime Services clients in conjunction with our Credit risk and In-business-risk partners, and ensuring that relevant analysis and risk proposals are provided to senior management for their approvals where necessary,
• Design, review and approve risk limit frameworks for our Prime Services product offerings in conjunction with our Credit risk and In-business-risk partners, and ensuring that relevant analysis and risk proposals are provided to senior management for their approvals where necessary,
• Conducting semi-annual reviews of the Prime Services risk limit framework to ensure that the framework continues to remain appropriate for capturing the risks of the Prime Services business.
• Uphold the integrity of risk/return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite,
• Be alert to significant market movement affecting key risk exposures within our portfolio and providing the appropriate response to material events or other risk issues through assessment and escalation of key risks,
• Ensure risk identification, measurement, reporting, and modelling capabilities are objective, consistent, and compliant with applicable regulations,
• Ensure that material risk exposures and related issues are reported to TRM Head, Prime Services and XVA for notifying the responsible Financial Markets Product Governance Committees and to Group and Business-level committees as appropriate.

Skills And Experience

• Risk Management – Market Risk
• Risk Management – Counterparty Credit Risk

Qualifications

• Education: Bachelor’s Degree or Above in a Quantitative Discipline
• Training: Background In Banking and Finance Risk Management
• Certifications: FRM Or CFA
• Languages: English

About Standard CharteredWe're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together We

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.