Division: Risk Management Location: London Job Title: Interest Rate and FX Market Risk Manager Job Level: Contractor
Department Profile The EMEA Market Risk Management Division ("MRD") is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA and UK Group business activities, acting independently of business management and providing an effective challenge process.
Position Description The client is seeking a mid level contractor to join its London based Interest Rate and FX Market Risk Management team (which sits within the Market Risk Department).
Core responsibilities of this role include: * Oversight and management of stress testing effort for the macro business stress testing effort with focus on BAU stress tests * Management of book of work for the stress testing function facilitating interaction between various stakeholders * Definition of SLAs, standards of documentation and processes * Prioritization of IT & work development with relevant teams * Documentation of stress testing for Audit, Model Review function and regulators * Support risk management function in implementation, setup and analysis of stress tests
Skills Required * A degree, or equivalent, in a quantitative subject such as Finance, mathematics or statistics * Experience in market risk stress testing, scenario analysis and capital * Understanding of stress testing processes and experience in project management * Knowledge of major regulatory (e.g. processes and deliverables CCAR, ICAAP) would be beneficial. * Good knowledge of financial products is essential, including an understanding of risk representations (including Greeks, stress tests). * An excellent academic background or strong analytical background. Additional qualifications, such as an FRM, would also be looked upon favorably. * Experience in effectively managing small teams. * Minimum 4+ years of experience