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Front Office Risk Manager | Selby Jennings

Location United Kingdom,

Remuneration £120000 - £130000 per annum

Employment type perm

Updated 14th Feb 2018

Company Selby Jennings

Contact Not disclosed

Email click here

- Front office risk manager | exotic rates and hybrids
- London
- Base salary - £120,000- £130,000 bonus & additional benefits

Front office market risk manager needed for exotic interest rates and hybrids desk for Investment Bank in London

A leading IB in London is looking to add a market risk manager to its rates exotics business. The manager will be sat on the trading desk managing all risk issues relating to the trades the desk makes. The role sits in the front office and is responsible for the analysis and assessment of the impact of the firm's trading positions both at a micro and macro level, with a particular focus on but not limited to the Exotic Rates, commodities and FX. The role will involve working closely with trading staff across all locations to fully understand and highlight inherent market risks and define practical solutions.

The market risk manager will have the following responsibilities:

  • Coverage of industry-leading Rates, FX and commodities
  • Analyse and assess the impact of the firm's trading positions both at a micro and macro level, with a particular focus on but not limited to the Exotic Rates and FX
  • Work closely with trading staff across all locations to fully understand and highlight inherent market risks and define practical solutions
  • Ensure adequate limits (VAR, sensitivities, stress) and risk framework are in place aligning with the firm's overall risk appetite and desk mandates
  • Work closely with the Front Office and support departments to establish new business activities and introduce new products
  • Support the Head of Market Risk Management to create a positive, risk based culture

The successful candidate is likely to have the following background and skill set:

  • Strong analytical & quantitative skills with appropriate Mathematical background
  • Clear oral and written communication in English
  • Experienced risk manager in a top tier Market Risk group or trading team
  • Experience of managing people, setting objectives and ensuring the team delivers quality product
  • Knowledge of interest rates is essential

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