Job Description
Are you a detail-oriented Risk professional with a passion for data integrity and market insights? A leading Bank in London is seeking a proactive Market Risk Officer to join their dynamic Risk team.
This pivotal role is instrumental in ensuring the accuracy, security, and consistent delivery of critical market risk data across our organisation. You will be at the forefront of controlling, validating, and certifying key risk indicators, as well as managing our official data repositories. A core responsibility will be to ensure regulatory compliance within the market risk domain and govern relevant data under a robust framework.
Key Responsibilities & Opportunities:
- Drive Risk Reporting Excellence: Own the daily production and rigorous certification of vital market risk metrics, including VaR, sensitivities, P&Ls, and regulatory figures.
- Master Limit & Breach Management: Proactively monitor risk limits, swiftly addressing breaches and loss alerts in collaboration with Front Office and Risk Management.
- Champion P&L Ownership: Take responsibility for comprehensive P&L production, analysis, and sign-off across diverse methodologies, ensuring accuracy and auditability.
- Ensure Regulatory Compliance: Execute regulatory back testing, compute market risk reserves, and manage the impact of new transactions.
- Oversee xVA & Client Contribution: Certify xVA calculations and allocate them to business lines, alongside producing and controlling Client Contribution metrics.
- Elevate Risk Governance: Uphold the integrity of the valuation framework, ensuring robust marking, parameter review, and adherence to best practices.
- Support Senior Management : Develop and present key risk dashboards and critical documentation for Senior Management and Risk Committees.
What is required:
- Quantitative Acumen: A strong foundation in science, mathematics, or engineering.
- Technical Proficiency: Expert-level Excel (including advanced functions and modelling), VBA, and SQL are essential for data analysis and automation.
- Market Understanding: In-depth knowledge of financial markets and derivative products.
- Exceptional Communication: The ability to articulate complex analyses clearly and concisely, both verbally and in writing.
- Diligent & Independent: A highly detail-oriented individual with a proven capacity for independent work and effective collaboration.
- Industry Experience: It is highly desirable, but not essential, for the candidate to have exposure to Commodities, Rates, or Credit markets would be advantageous.