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Market Risk Manager - Credit - Paris

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Salary £120k to £90k
Type Permanent
Location
Sector Credit & Risk Management
Job Reference T55/TXH/31786
Contact Tim Holbrough
Date posted 07-06-2019

We are partnering with a Tier One Investment Bank in Paris who are growing their Market Risk function. They are looking for an experienced VP to sit within the FICC division of this function, facing off to a Credit trading desk. This is a newly-created role which will provide the opportunity for the candidate to holistically implement Market Risk practices into Credit product trading.

Responsibilities:

• Set risk limits in line with the entity’s risk appetite and strategy.
• Monitor positions against risk limits. Liaise closely with Front Office to detail risk exposures and challenge the business on limit breaches.
• Review new products and non-standard transactions proposed to ensure risks are appropriately controlled.
• Collaborate with other support partners to ensure all risks are identified and addressed - Operational, Credit, Liquidity etc.
• Identify and analyse all significant exposures across the entity, and ensure that senior management/risk committees are kept informed about the key risks.
• Define and evaluate stress scenarios under which the portfolio may incur material losses (point of weakness analysis). Contribute to reverse stress testing process.
• Assist in ad-hoc risk related queries, VaR analysis, drill downs or risk trends.
• Validate information that is distributed to the regulators.
• Develop deep knowledge of the Market Risk IMA methodology under current and future capital frameworks.
• Contribute to development of the wider team and help build a positive and inclusive work environment.

Knowledge / Experience:
• Degree in numerate subjects (e.g. engineering, maths, physics, economics etc.) or equivalent experience.
• Good knowledge of Credit products.
• Market Risk experience with Credit products (Credit flow, Special Situations, Structured Credit or Emerging Markets).
• Able to build solid relationships whilst maintaining independence.
• Able to handle disputes, negotiate with traders and will not shirk from enforcing difficult decisions.

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Contact Tim about this job

AVP, Consultant