One of the largest investment banks in London are seeking a Head of Market Risk, with experience covering Rate Derivatives and XVA within the capital markets, to lead the Market Risk Management team across the bank and the securities business. You will be expected to work effectively with the front office, senior management and support departments to establish new business activities, products and ensure key risk issues are highlighted and addressed in the trade approval process

Job

Responsibilities:

• Responsible for the maintenance and development of the companies Market Risk Management function, ensuring it aligns closely with the risk framework for both the bank and the securities business.
• Responsible for setting limits and the entire Risk framework (Inc. VaR, Sensitivities, Stress).
• Ability to manage and oversee the Market Risk Management team, from hiring needs through to project delivery.
• Responsible for developing strong relationships with key stakeholders and senior management by addressing and rectifying any concerns effectively
• Daily monitoring, analysis and reporting of the P&L.
• Enhance the internal Risk Management framework, ensuring the companies immediate and future commercial activities are taken into consideration in order to mitigate risk.
• Integrate new risk management policies, procedures and any compliance requests across the business, ensuring all relevant parties and functions are in coordination with the set operations
• Implementing effective Market Risk measure in accordance to compliance, control processes and initiatives e.g. Operational Risk, Internal/external audit and Volcker.

Qualifications:

• A Master's degree in Quantitative Finance, Mathematics, Physics, or other science disciplines
• Minimum of 6 years' experience working in a Market Risk Management role, with particular focus on Rate Derivatives and XVA/CVA.
• Strong knowledge and understanding of Market Risk and XVA, experience working with both Vanilla and Exotic products.
• Experience applying risk metrics (VaR and Stress-testing)
• Proven track record working within the Capital Markets and products.
• Experience working with FRTB/Libor, in particular the decommission of its models/framework
• Minimum 3 years' experience managing teams.
• Previous background covering valuation models, with the ability to apply your knowledge to the business.