IB - FXO Market Risk Manager - Associate - London-100009095 Job Details

Job Description:
 
The Risk Manager position will be part of the market risk team for global FX/TECM. The position is responsible for risk advisory and control of the global FX Options books where many sophisticated products are traded. The risk manager will liaise with senior management in Risk and the Front Office. The position is based in London and becomes open when the current risk manager starts her maternity leave. This will result in a permanent role within the Market Risk group on completion of the maternity cover.
 
Day to day Responsibilities:
 

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      Work with Reporting Team on daily risk reporting and monitoring of market risk positions in various FX options books (DOLLAREUROPE, USDJPY, SRT, etc.) with the aim to identify material risk exposures and concentrations.
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      Communicate the risk profiles to senior management and discuss them with FO with respect to recent/historical market movements and trends, and their impact on the firm's portfolio. Check the risk exposures against current limits.
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      Monitor daily Value at Risk (VAR), weekly Stress results and reconcile with risk profiles changes.
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      Aggregation and presentation of key risk information- and continually enhancing risk reporting.
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      Ad hoc risk analysis of counterparty exposure and large concentration risks
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      Deep-dive analysis of certain families in FXO
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      Risk return analysis of portfolio performance
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      Analysis around improving firmwide risk methodology and control

 
Qualifications

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      Understanding of market risks management concepts (such as Value at Risk) and knowledge of FX options markets/products
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      Strong quantitative and analytical skills, in particular familiar with options products and their modeling
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      Strong time management skills- Should be able to work well under pressure managing several time sensitive deadlines
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      Be able to work independently - without constant supervision with a strong sense of accountability
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      System knowledge - familiarity with Athena a plus
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      Strong attention to details
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      Have excellent communications skills and be comfortable interfacing with traders and senior management.
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      Written communication should be clear and concise