Team Lead, Market Risk at Michael Stevens Consulting

Job Description

• As an independent control function of the Bank, the Risk Management Department aims to enable the Bank to make informed decisions and ensure that the risk policies approved by the Bank are duly implemented and followed.
• The Bank is looking for candidates to integrate the Market Risk Team, responsible for the measurement, monitoring, control and reporting of the Bank’s market risk.

Responsibilities
Reporting to the Head of Market Risk the candidate will:

• Work as a key resource to the head of market risk assisting with the management of the market risk control function in the pursuit of itstargets 
• Assist in the planning and implementation of the market risk policies, market risk management framework and internal controls, and ensure its compliance by the different business units;
• Participate in definition and preparation of supporting documents for the different executive committees;  Identify emerging risks and control issues
• Take ownership of key responsibilities, and be a problem solver
• Lead and manage the implementation of the new IRRBB framework requirements and internal governance, and oversee the regulatory submission processes
• Lead and manage projects related with the Bank’s VaR engine
• Assist in the market risk quantification under the ICAAP process
• Assist in the implementation of the Fundamental Review of the Trading Book regulation
• Participate in the market risk capital requirements calculation process under current regulatory frameworks
•  Oversee the daily capture, monitor, control and reporting of the Bank’s market risk and ensure these are reported accurately
• Ensure detailed understanding of all P&L and risk drivers.

Profile

• Experience of at least 5 years in similar functions
• Degree in Economics, Finance, Management, Maths orsimilar
• Post-graduate or Master degree in Markets, Financial Instruments or Finance is strongly preferred  Fluency in English, with excellent oral and written communication skills
• Proficiency in Excel to maintain, improve and develop reporting tools
• SQL and Excel VBA programming skills is a plus
• Good understanding of Market Risk concepts and metrics (VaR, EVE/NII, scenario analysis, risk sensitivities, etc.), and governance frameworks
• Strong knowledge of Capital Market activities and main instruments
• Ability to manipulate, analyze, summarize and present data/results
• Strong quantitative, analytic and problem-solving skills
• The ideal candidate is curious, detail-oriented, self-starter and communicates easily and openly.
• Strong work ethic and commitment
• Good interpersonal communication skills and ability to work as a team
• Strong leadership and coaching skills
• Flexible approach
• Able to demonstrate a personal commitment to taking ownership and following up
• Professional designation in GARP, PRM will be viewed favorably.