Senior Market Risk Manager
Market Risk is an independent control group within the investment bank. Market Risk works in partnership with the trading side of the business. Its goal is to facilitate efficient risk/return decisions, reduce volatility in operating performance, and make NWM’s market risk profile transparent to senior management, the board, and regulators. It is in charge of the administration of the market risk management program, which includes setting market risk appetite, monitoring compliance with risk limits and tolerances, computing and interpreting stress tests and capital measures, and working with the business to develop new products and delivering regulatory and internal frameworks. Market Risk managers are responsible for monitoring and escalating to management any material changes of risk exposures.
Role: Senior Market Risk Manager – NWM US reporting to Head of Market Risk NWM US.
Level: Snr VP/Director
Provide oversight for market risk for IR products for NWM US.
Collaboration on oversight of market risk across asset classes (FX, Traded Credit, and Treasury) for NWM US.
Review and analyse trading strategies and inventory.
Identify key risks and improve control framework.
Communicate with the desk regarding the market risk exposures and limits.
Present concise risk analysis to upper management, highlighting areas of concern.
Analyse and explain to the business their market risk capital usage.
Coordinate the global delivery of the market risk programme within NWM US.
Oversight and training of junior risk-managers.
5+ years risk management experience + leadership role in Market Risk at a major financial institution.
Solid understanding of interest rate, fx and credit instruments, and their risk decomposition.
Good understanding of VaR, SVaR and stress methodologies, and regulatory capital framework.
Excellent communication skills and ability to engage with traders and other functions.
Degree in quantitative discipline – advanced degree desirable.