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Fluent Mandarin Market Risk
Job Posted: 2 days ago
Salary: £ Competitive
Job Type: Permanent
Location: EC2, Barbican, Greater London
Expire in: 25 days
Job Description
It is essential that all applicants have experience with market risk measurement methodologies for a Bank in the UK for at least 3 years. Sponsorship will not be available for this position, therefore 3+ years on visa eligibility to work in UK is essential.
Our Client is looking for a Fluent Mandarin Market Risk to join their small team on a permanent basis. This position is full time in office, 5 days per week.
The successful candidate will be responsible for monitoring market risk exposures and the relevant reporting. Additional responsibilities would be to provide solutions in improving the risk exposure metrics and monitoring and reporting processes.
Key Responsibilities (but not limited to):
* To ensure that market risk exposures are accurately reported in accordance with Market Risk policy to the senior management, the business areas and other support areas as required, and to monitor on a daily basis the adherence to approved market risk limits.
* To assist in maintaining and improving the risk infrastructure: to improve reporting as required and to contribute to projects through documenting user requirements and UAT.
* To assist in improving the methodology for accurately calculating market risk exposures from new and existing products and business, including portfolio market risk measures along with an appropriate back-testing framework.
* To perform stress testing and qualitative risk assessments of different business units and implement appropriate scenarios for market risk stress testing.
* To monitor news and other market information that indicates material changes in the assessment of market risks, and to inform the relevant Business Areas in a timely manner.
* To provide support, advice and assistance to all Business Areas on all market risk and valuation-related matters, including structuring of prospective transactions to mitigate market risk appropriately and to maximize earnings whilst minimizing risk.
* To assist the in liaising with Head Office regarding market risk and other risk related matters.
* To assist on country risk management and counterparty credit risk related matters.
* To assist with the internal and external auditors as required.
* To act as the administrator of relevant risk and trading systems.
* Reporting and escalating material risk events, including conduct risk events and conflicts of interest, or losses.
* Responsibility for the provision of policy, tools, techniques and support to enable conduct and compliance risk to be managed in the first line. Conduct monitoring and reporting to assess the design and effectiveness of first line controls and ensure consistency of definitions and measurement of conduct risk. To ensure policy and processes meet legal and regulatory requirements, identify opportunities to improve the framework and collaborate with the First Line of Defence to implement and embed changes.
Skills, Experience and Qualifications:
* Educated to degree in numerate/financial/accounting discipline and/or appropriate professional qualification level.
* Extensive knowledge of market risk measurement methodologies and advanced market risk management principles and techniques, and experience of implementing them effectively in a banking environment.
* An in-depth knowledge of a broad range of wholesale banking and treasury products, including options, and a strong understanding of their valuation; a good understanding of complex derivative/structured products’ risk and valuation would be advantageous.
* A good understanding of the PRA regulatory framework and of capital management requirements.
* A good understanding of country risk management and counterparty credit risk.
* Excellent communication skills in English and Mandarin, both written and verbal.
* Proficiency for making rapid evaluations of breaking news situations and judgmentsBefore You Apply
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