Vice President and Traded Market Risk Manager

Santander; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading financial institution in the UK is looking for a Traded Market Risk Manager to oversee risk management activities, ensuring compliance with regulatory guidelines. The ideal candidate will have extensive experience in investment banking, a strong understanding of various risk classes, and the ability to effectively communicate with stakeholders. This role promotes a hybrid working pattern with significant benefits, including a performance-related bonus and private medical insurance.

Benefits

Discretionary annual bonus

8% pension contribution

30 days holiday plus bank holidays

Private medical insurance

Qualifications

• Extensive experience in a Traded Market Risk role within an investment banking environment.
• In-depth knowledge of risk classes including Fixed Income, Credit, FX, Equity Derivatives and XVA.
• Understanding of Market Risk policies and procedures.

Responsibilities

• Identify and manage Traded Market Risks according to regulatory guidelines.
• Assist with the TMR approval process.
• Develop risk dashboards and aggregate risk reports.

Skills

Traded Market Risk experience

Stakeholder management

Communication skills

Education

Degree in Engineering, Economics, Science or Mathematics

Job description

VP - Traded Market Risk Manager | SCIB Country: United Kingdom

Join our community.

Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.

The Risk Function enables the business to harness the opportunities of effective risk management through embracing the Bank’s desired risk culture and risk appetite. Our approach to risk management supports entrepreneurialism, technical and digital innovation and change, as well as promoting continuous learning and advancement in risk management expertise.

As Traded Market Risk Manager, you’ll be responsible for providing second line of defence oversight, review and challenge of Traded Market risk activities. You’ll identify, review and challenge Market Risk to ensure that all risk categories are managed in accordance with approved risk limits and risk appetite.

If you’ve performed a similar role previously, this could be the perfect opportunity to develop your career.

The difference you’ll make:

• Identifying Traded Market Risks (TMR) and ensuring that they are managed and mitigated, according to the appropriate regulatory guidelines and internal Risk Management Policy, Standards, and Procedures
• Assisting with the TMR approval process for potential new transactions
• Analysing TMR exposures across asset classes and trading desks
• Supporting and challenging the business on existing and future trading activity
• Developing TMR Risk dashboards, aggregating risk reports, and other related reporting to executive management, committees, and regulators
• Representing TMR in relevant local and group fora
• Assessing, managing and escalating valuation and P&L issues

What you’ll bring:

• Extensive experience in Traded Market Risk role within an investment banking environment
• In depth knowledge of a variety of risk classes including Fixed Income, Credit, FX, Equity Derivatives and XVA
• Understanding of Market Risk policies and procedure documentation and relevant management models
• Demonstrable ability to identify key issues and elevate where necessary
• Educated to Degree level, or equivalent, in a relevant subject such as Engineering, Economics, Science or Mathematics

It would also be nice for you to have:

• Ability to remain calm under pressure and prioritise workload when dealing with competing priorities, and short and changing deadlines
• Structured Credit and Commodities Market Risk knowledge
• Excellent stakeholder management and communication skills
• Professional qualification such as CFA

What else you need to know:

This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.

We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 3 days a week (pro-rata for part-time roles).

Inclusion

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we’ll reward you.

• Eligible for a discretionary performance-related annual bonus.
• We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
• 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
• Company funded individual private medical insurance.
• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.
• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
• Share in Santander’s success by saving or investing inour shareplans.

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you’re interested in, then please apply.