Director/VP Market Risk Job Details

Our Client seeks an accomplished "industry expert" to head up and lead development and implementation of cutting edge analytics and modelling methodologies for Market Risk.

Located in the heart of London's financial district, this pivotal and influential role is responsible for devising highly quantitative risk management analytics, models, and processes and frameworks, establishing an enviable Risk position among its fellow retail banks.

• Lead a team in the formulation and implementation of advanced analytics determining market risk,(including liquidity, ALM, and interest rate risks), as well as credit risk methodologies, across the entire organisation to address fundamental areas of exposure for the bank.

• Determine risk appetite to drive portfolio profitability and optimise operational efficiencies.

• Provide technical leadership and strong business and compliance knowledge to design, deliver and continuously improve new analytical risk frameworks, identifying critical concerns early on, developing strategies to address exposure, and overseeing seamless execution throughout the Organisation.

• Serve as a subject matter expert and work cross-functionally with key internal and external stakeholders across the bank to evaluate and manage methodologies for market risk and ensure all vulnerabilities are proactively identified and contained.

Requirements: 

• 10+ years minimum expertise in the development of sophisticated risk management analytics and models used for market risk, including interest rate risk, funds transfer, and liquidity risks. Should have strong knowledge of Basel, asset liability and credit risk modelling techniques.

• Excellent working knowledge of market risk/credit risk analytics and the mechanisms used to manage and mitigate them.

• Experience in market risk measurement techniques (VaR, sensitivities, economic capital) within a banking or consulting environment.

• Familiarity with hedging non-traded market risk is helpful.

• Proficiency in SAS required; should be familiar with various tools and applications: Moody's KMV, QRM, Bancware, statistical analysis, Behavioural Modelling, Volatility Modelling, Stress Testing, scenario analysis, Monte Carlo analysis.

• Should be a dynamic leader who is able to effectively influence others across an organisation.

• Degree in Statistics, Mathematics, Econometrics, Information Management or other quantitative discipline. Postgraduate degree preferred.

Excellent salary and benefits offered.

Only qualified candidates will be considered for this position.