Market Risk Manager

Overview

tA leading global financial institution is seeking a Market Risk Manager to join its Market and Liquidity Risk department in London. This pivotal role sits within the Quantitative Risk Division, providing you with the opportunity to make a significant impact on the organisation's risk management strategy across a diverse range of trading asset classes.

What you'll do

As a Market Risk Manager based in London, you will play an integral part in protecting the organisation's financial stability by managing market risk exposures across multiple asset classes. Your day-to-day activities will involve close collaboration with various departments to ensure that all trading activities remain within defined risk parameters. You will be responsible for conducting thorough analyses of positions and risks using advanced quantitative tools such as VaR/SVaR models while also producing insightful reports that inform senior management decisions. By maintaining rigorous oversight of risk factors-including those not captured by standard models-you will help drive continuous improvement in the firm's overall risk management framework. Your ability to communicate complex concepts clearly will enable you to challenge assumptions at senior levels effectively. Success in this role requires meticulous attention to detail combined with a proactive approach to identifying emerging risks.

• Oversee primary risk control and reporting for all FX, Rates, and Credit trading asset classes within the FIC business to ensure adherence to the firm's risk appetite framework.
• Collaborate with Trading, Finance, other Risk departments, Treasury and Capital Management, Compliance, and Audit to maintain consistent application of risk policies across both trading and banking book products.
• Conduct daily analysis of traded positions, market risks, Value at Risk (VaR), Stressed VaR (SVaR), and stress scenarios against established controls; initiate response actions as required by relevant market risk policies.
• Provide clear explanations of market risk factor drivers relative to the organisation's market risk appetite metrics such as Economic Capital (ECaP) and Earnings at Risk (EaR).
• Produce detailed reports on FIC risk factor parameters associated with all regulatory Pillar stresses and highlight top risks or points of weakness within the portfolio.
• Attest to the daily integrity of VaR/SVaR calculations by investigating underlying causes or changes in positions and performing essential back testing controls.
• Identify Risks Not in VaR (RNiV) promptly and escalate findings to Market Risk leadership and Risk Methodology teams for further action.
• Maintain accurate time series data for FIC Asset Classes to support integrity in VaR calculations, stress testing formats, and historical simulation analyses.
• Assist in implementing, developing, monitoring, and reviewing appropriate market risk controls for both trading and banking book portfolios to ensure ongoing compliance with internal standards.

What you bring

To excel as a Market Risk Manager in this prestigious financial institution, you will bring substantial experience from roles focused on market risk or product control-preferably gained within global or emerging markets contexts. Your background should include hands-on involvement with fixed income products across various issuance types as well as familiarity with synthetic structures commonly used in today's markets. A deep understanding of both physical and non-deliverable formats for FX/rates is essential alongside proven expertise in analysing funding behaviours unique to these instruments. Your interpersonal skills will be crucial when engaging collaboratively with colleagues from diverse backgrounds while presenting complex findings clearly at senior levels. The ideal candidate will demonstrate exceptional analytical abilities coupled with meticulous attention to detail-ensuring that all aspects of market risk are rigorously monitored and reported upon. A passion for continuous learning combined with adaptability will see you thrive amidst evolving regulatory requirements.

• Demonstrated experience in line market risk or product control management-ideally within Emerging Markets FX, Rates or Credit disciplines spanning global jurisdictions such as EMEA, LATAM or Asia Pacific.
• Proven track record in market risk control functions on either buy-side or sell-side environments with exposure to FIC products.
• In-depth understanding of fixed income instruments including local currency and hard currency issuance as well as synthetic equivalents like Total Return Swaps (TRS) or Credit Linked Notes (CLNs).
• Familiarity with both onshore (physical) and offshore (non-deliverable) formats for emerging markets FX and rates products.
• Comprehensive knowledge of funding behaviour risks associated with fixed income products across different markets.
• Excellent communication skills with the ability to identify issues proactively and constructively challenge senior stakeholders within Trading or Risk functions.
• Strong analytical skills supported by hands-on experience with quantitative tools used for VaR/SVaR analysis and stress testing methodologies.
• Ability to maintain high-quality time series data for complex asset classes while ensuring accuracy in historical simulations.
• A collaborative mindset that thrives in cross-functional teams dedicated to upholding robust governance standards.

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates

About the job

• Contract Type: Permanent
• Workplace Type: Hybrid
• Experience Level: Mid Management
• Location: London
• Specialism: Risk & Compliance
• Focus: Risk - Market Risk
• Industry: Financial Services
• Salary: £70,000 - £90,000 per annum
• Job Reference: IIPN4V-9BB3495A

Date posted: 18 September 2025
Consultant: James Kelly

london risk-and-compliance/market-risk 2025-09 11-17 financial-services London London GB GBP YEAR Robert Walters