eFinancialCareers

• Company

  Hudson

• Location

  UK-London

• Compensation

  £55,000 - £60,000 + bonus + benefits.

• Position Type

  Employee

• Employment type

  Full time

• Updated

  13 Nov 2008

• eFC Ref no

  450634

My client is looking to hire a risk manager to perform an Enterprise-Level Risk role. The position is based on the trading floor and covers the market risk and credit risk of the fixed income desks.

The role

The main aim of the position is to provide firmwide risk analysis and control of the bank's exposures. This will be done on a aggregated basis. Main duties of the role will be:

- Ensuring that all market and trading credit risks in European businesses of the bank are monitored and controlled.

- Development and implementation of economic capital models for market risk and credit risk purposes.

- Updating and validating market and trading credit stress tests.

- Monitoring exposures across all asset classes in both trading and banking books.

- Prepare reports to Risk Committees and Board of Directors: statistics and interpretation.

- Ensure that risk profile of the bank is fully understood with respect to risk metrics such as book size, risk sensitivities, Value at Risk, and Stress Testing.

- Review daily p&l’s (actual and theoretic): validate against known market risk profile and value at risk. . - Improve process efficiencies.

- Project-based work to improve the completeness and accuracy of enterprise risk analysis.

- Ensure that enterprise risk captures the impact of new business initiatives appropriately.

Candidates

- Will have a good technical knowledge of market risk methodologies such as VaR, stress testing, and derviavtive counterparty risk exposure.

- Will know basic derivatives products at least.

- Do not have to have quatitative product pricing knowledge.

- Will be educated to degree level in a mathematical subject.