JOB DESCRIPTION:

Job Title: Global Markets Risk Executive
Location: London
Corporate Title: Managing Director

ROLE OVERVIEW:

This role is responsible for the management and direction of the Market Risk function. The successful candidate will take the role of Market Risk Lead for the Global Rates and Counterparty Portfolio Management lines of business.
Key responsibilities include ensuring global consistency of policies, procedures, analysis, monitoring and reporting of market risk for each product area. Job expectations include interfacing with the product Trading/Marketing Heads and the product Heads of other Risk and Support Groups (i.e., Compliance, Finance, Operations, etc.).

RESPONSIBILITIES:

• Implements the new/complex product approval process and limits approval authority and reporting of market risk.
• Oversees identification of market risk exposures and mitigation strategies and resolution in accordance with the bank’s risk appetite and limits identified, as well as regulatory requirements, as applicable.
• Oversees risk requests, breach remediations, and provides risk effective challenges for the Front-Line units.
• Provides insight into the development of market risk coverage plans, execution of monitoring, testing and risk assessments, and market risk reporting for the specific products.
• Understands market trends and their impact on portfolio, using knowledge of stress testing and its applicability to market risk.
• Ensures adherence to the policies and procedures established by the Firm.