Market Risk Manager - Stress Testing (CONTRACT)
To £500 - £650 per day
London Docklands

The Company
The role exists within a Global banking group's trading arm

The Role
Reporting to the Head of Risk, an excellent opportunity for a Stress Testing Risk Manager has arisen within the Enterprise Risk Management team Global Markets of this global firm based in London. The primary focus of the Stress Testing Risk Manager is to provide efficient risk management analysis of Global Markets in London. Working with the principal business leads within the risk team, the individual will have exposure to all aspects of Global Markets. The role includes:

  • Oversee production of reports primarily for the Foreign Exchange Sales and Trading, Securities Finance (Agency Lending and Enhanced Custody) and Futures and Options Clearing businesses, including validating position data and risk calculations. Substantial interaction with business and support functions required.
  • * To help develop risk management systems (specifying requirements, testing and implementation).
  • * To provide commentary and analysis on significant counterparty risk positions to senior risk management and committees.
  • * Daily / Weekly / Monthly analysis of Stress Test results and Sensitivities * Monitor and escalate Stress Test Management Action Triggers and Limits
  • * Counterparty Credit Exposure and collateral analysis across the business. * Develop good working relationships with colleagues involved in Global Markets and Enterprise Risk Management
  • Support other risk areas within Global Markets Risk Management as and when needed (Foreign Exchange, Securities Finance, Enhanced Custody, Futures and Options Clearing).

Who They Are Looking For
The successful candidate will have a minimum of 6 years' experience, a sound knowledge of investment markets and have proven quantitative market risk management skills. Applicants should also have excellent computing, database and Bloomberg skills. Candidates will also ideally hold a degree in Mathematics, physics, engineering, econometrics related area or equivalent. Applicants must be highly numerate and have strong analytical skills; in addition we are looking for someone with a strong FX, interest rates, commodities and equities product knowledge.

  • Degree/ Post-graduate degree in relevant and/ or quantitative subjects
  • Markets experience; FX, interest rates, commodities and equities.
  • Knowledge of CCAR and ECB Stress Testing preferred
  • Excellent systems skills in VBA and SQL
  • Good regulatory including Basel III and CRD IV
  • Able to communicate authoritatively at all levels (traders, risk staff, senior management).