Director, Market Risk - Global Fixed Income London (AAR56374)

• The successful candidate needs to have spent some time on active trade floor prior to beginning a role in Risk.
• 7 to 10 years related experience in risk management or trading role with direct experience in Fixed Income trading (Government debt and swap trading) and valuation
• Experience with EUR and GBP rates markets preferred.
• MBA or post-graduate degree in economics/finance or a quantitative discipline, and CFA designation preferred.  

Defining Attributes:

- Strong Relationship
- Niche Expertise and Insight
- Sound Judgement and Integrity
- Long Term Success  

•  MARKET RISK - Accountable for the identification and assessment of market risks in the covered businesses, and also ensuring consistency with the Bank’s risk appetite and the approved business mandate. This will require using system provided data as well as generating customized sensitivities for newer and more complex products.
• LONDON MARKET RISK MANAGEMENT LIAISON – Act as the eyes and ears of Global Risk Management, on the London trade floor. First point of contact with London trade desk on discussions of limits, one off exceptions, strategy etc. This role also requires ability to work independent of direct management.
• P&L and RISK ATTRIBUTION - Ensure that the reported daily P&L of London rates business is carefully scrutinized to understand risk taking activities and valuation issues. P&L attribution by risk factor is integral to this process to test accuracy of risk sensitivities.
• VALUATION - Accountable for ensuring that portfolios are valued properly and in accordance with Bank standards, including the execution and documentation of valuation processes.
• RISK LIMITS - Accountable for preparing analysis and recommendations on new products and other market risk limit issues, including limit structure and amounts, for presentation to the Market Risk Management and Policy Committee.
• TECHNOLOGY – Represent Market Risk Management function in discussions of implementation of new and/or changes to technology supporting trading businesses.
• PARTNERSHIP – Although working in a control function, it is essential to work in partnership with the Trading Desk, P&L Control and Operations units as well as peer market risk teams in HQ and New York