A leading IB’s Market Risk Control team need to prepare Value at Risk numbers to support initial margin calls for the collateral department. A new process for producing and supporting these calculations is being developed and this role has been created to facilitate the transfer of the function from market risk to the front office credit risk management function.

The key responsibilities for the market risk manager in this role are:

• Production and distribution of the daily Counterparty risk reports.
• Develop, test and document risk models, systems, and reports that are related to Counterparty VaR.
• Ensure correct and complete risk feeds for all Counterparty related nodes and businesses.
• Liaise with system support in regards to production and data issue.
• Liaise with report end users by responding to queries and or dispute over Counterparty VaR.
• Ongoing maintenance of counterparties in Venture.
• Ad Hoc request to calculate/verify risk.
• Produce and distribute accurate risk reports in a timely fashion.
• Maintain orderly and smooth market risk controlling procedures.
• Maintain accurate, up to date information in all market risk controlling databases and directory.
• Support the counterparty VaR process in market risk for initial margin calls by the Collateral department.
• Sign off on a new process, being developed on strategic risk systems
• Manage the transfer of the new process from the market risk reporting team to the front office credit risk management function (TCRM)

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

• University degree – 2.1 or better in Mathematical, Scientific or Financial subject, or strongly numeric with appropriate market experience.
• A Level mathematics
• Confident, independent and driven personality who is eager to learn and develop a career in Financial markets industry
• Proven interest in financial Markets and products.


Please send all applications to risk@selbyjennings.com