Market Risk Manager - Brokerage
Posted Yesterday by
eFinancialCareers
New
Your Responsibilities
An opportunity has arisen for a Market Risk Manager to be responsible for diligently assisting in
managing the organisation's risk and helping to implement, oversee and maintain the Risk Management Framework inclusive of the Risk Appetite and Risk Tolerances within the firm and in line with its strategic plans and its third party outsourced activities. This includes assisting in developing and maintaining detailed risk management policies and processes and providing specialist support and advice to the business, working with key business stakeholders to facilitate the improvement of the Risk Management Framework across the firm.
The main duties of this role will include:
* Monitoring risk metrics methodologies including but not exclusively (VaR, Stress Test, Back testing, Greeks, concentration risk exposure and what if scenarios);
* Analysing daily risk reports, including but not limited to, portfolio backtest breaches, product backtest breaches (CFD, FX), market risk report, accounts on negative account value at market and accounts with negative option value;
* Real-time risk monitoring of clients using Reuters and Risk Platforms;
* Market review to facilitate application of margin multipliers to volatile products;
* Maintenance of firms daily stress-testing framework: focused on assessing the impacts of several market scenarios on client P&L's.
* Assessing stress-test result vs. client profile and communicating findings to senior management;
* Client profile development for new clients from a market risk perspective (adhoc stress testing vs market volatility in instruments traded) to setting Client Initial Margin Limits
* Ownership of in-house developed CFD & FX VaR risk margin models;
* Analysing suitability of initial margin for new products (CFD and FX);
* Liquidity stress testing and analysis;
* Producing and communicating key risk reports for senior management;
* Presenting to Directors on a weekly basis of Market Risk Dashboard
* Understanding impact of liquidity on trading constraint for front office;
* Liaising with the Exchanges and Clearing Houses (ICE, LME) regarding risk topics (margin calls, margin rates, contract
specifications);
* Participation in Exchange Default Simulations for which firm are members;
* Ability to liaise with front-office and discuss risk exposure, margin scenarios and position limit setting
* Development of daily reports using SQL/VBA.
The successful candidate will possess the following:
* Experience working with Equities, CFDs and Commodities an advantage
* Intermediate/Advanced SQL, VBA Knowledge
* Advanced Excel knowledge
* Excellent knowledge of industry best risk management practice
* Experience in developing and implementing risk management policies and processes
* Ability to understand and articulate the commercial benefits of effective risk management
* Excellent communication, relationship management and influencing skills
* Ability to analyse, present and report risk management data to Directors
* Ability to provide and respond to challenge at senior/executive level
* Ability to adapt and respond to change
* Minimum of 5 years previous experience in a risk management role within financial services/brokerage firm
* Background in Futures and Options
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.
BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.
An opportunity has arisen for a Market Risk Manager to be responsible for diligently assisting in
managing the organisation's risk and helping to implement, oversee and maintain the Risk Management Framework inclusive of the Risk Appetite and Risk Tolerances within the firm and in line with its strategic plans and its third party outsourced activities. This includes assisting in developing and maintaining detailed risk management policies and processes and providing specialist support and advice to the business, working with key business stakeholders to facilitate the improvement of the Risk Management Framework across the firm.
The main duties of this role will include:
* Monitoring risk metrics methodologies including but not exclusively (VaR, Stress Test, Back testing, Greeks, concentration risk exposure and what if scenarios);
* Analysing daily risk reports, including but not limited to, portfolio backtest breaches, product backtest breaches (CFD, FX), market risk report, accounts on negative account value at market and accounts with negative option value;
* Real-time risk monitoring of clients using Reuters and Risk Platforms;
* Market review to facilitate application of margin multipliers to volatile products;
* Maintenance of firms daily stress-testing framework: focused on assessing the impacts of several market scenarios on client P&L's.
* Assessing stress-test result vs. client profile and communicating findings to senior management;
* Client profile development for new clients from a market risk perspective (adhoc stress testing vs market volatility in instruments traded) to setting Client Initial Margin Limits
* Ownership of in-house developed CFD & FX VaR risk margin models;
* Analysing suitability of initial margin for new products (CFD and FX);
* Liquidity stress testing and analysis;
* Producing and communicating key risk reports for senior management;
* Presenting to Directors on a weekly basis of Market Risk Dashboard
* Understanding impact of liquidity on trading constraint for front office;
* Liaising with the Exchanges and Clearing Houses (ICE, LME) regarding risk topics (margin calls, margin rates, contract
specifications);
* Participation in Exchange Default Simulations for which firm are members;
* Ability to liaise with front-office and discuss risk exposure, margin scenarios and position limit setting
* Development of daily reports using SQL/VBA.
The successful candidate will possess the following:
* Experience working with Equities, CFDs and Commodities an advantage
* Intermediate/Advanced SQL, VBA Knowledge
* Advanced Excel knowledge
* Excellent knowledge of industry best risk management practice
* Experience in developing and implementing risk management policies and processes
* Ability to understand and articulate the commercial benefits of effective risk management
* Excellent communication, relationship management and influencing skills
* Ability to analyse, present and report risk management data to Directors
* Ability to provide and respond to challenge at senior/executive level
* Ability to adapt and respond to change
* Minimum of 5 years previous experience in a risk management role within financial services/brokerage firm
* Background in Futures and Options
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.
BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.
Reference: 53229979
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