Head of Structured Products Market risk - London, United Kingdom - Morgan McKinley

Description

Position Overview:
We are seeking a highly skilled and experienced Senior Market Risk Manager to lead a team
responsible for overseeing the market risk of the Solutions business. The Solutions
business covers a number of asset classes including equity, commodity, rates, credit and
FX, with derivatives from vanilla through to exotics.
The successful candidate will have extensive experience in market risk management and be
instrumental in developing and implementing robust systems and processes to effectively
manage market risk across the business.

Key Responsibilities:
1. Team Leadership: Lead and mentor a team of market risk professionals, providing
guidance and direction for:
Managing market risk across the solutions business
Limit setting
Defining the Risk Appetite
Driving development of systems and processes
Supporting the business in its aims for growth
Assessing new asset classes, risks and payoffs
Assessing new business proposals
2. Risk Oversight: Develop and implement comprehensive risk monitoring frameworks and
controls to identify, measure, and mitigate market risk exposures associated with the
Solutions business.
3. Exotic Derivatives Expertise: Possess a deep understanding of exotic derivatives
products, modelling, pricing and their market risk profiles.
4. Risk Assessment: Conduct regular assessments of market risk exposures, stress testing
scenarios, and sensitivity analyses to assess potential impacts on the trading desk
and overall financial stability. Development and maintenance of the VaR model.
5. Regulatory Compliance: Stay abreast of regulatory requirements and industry best
practices related to market risk management, ensuring compliance with relevant regulations
and guidelines.
6. Systems and Processes Development: In collaborate with technology and quant teams,
drive change to the existing risk management systems and develop new tools and
methodologies to improve risk measurement and reporting capabilities.
7. Communication and Reporting: Effectively communicate key risk metrics, analysis results,
and recommendations to senior management, traders, and other stakeholders, both verbally
and through comprehensive written reports.
8. Collaboration: Foster strong relationships with trading desks, risk control functions, and
other stakeholders to promote a culture of risk awareness and accountability across the
organization.

9. Continuous Improvement: Proactively identify areas for process enhancements and
optimization, driving initiatives to streamline workflows, increase efficiency, and strengthen
risk governance practices.

Qualifications:
- Bachelor;s degree in Finance, Economics, Mathematics, or a related field; advanced
degree preferred.
- Minimum of 8 years of experience in market risk management within a financial institution,
with a focus on derivatives trading.
- Strong understanding of exotic derivatives products and their associated risks, including
pricing models, valuation methodologies and risks.
- Proven leadership experience, with the ability to effectively manage and develop a team of
risk professionals.
- Excellent analytical skills, with proficiency in quantitative analysis, statistical modelling, and
risk assessment techniques.
- Solid understanding of regulatory requirements related to market risk management (e.g.,
Basel III, FRTB).
- Advanced proficiency in programming languages such as Python.
- Exceptional communication skills, with the ability to convey complex concepts and analysis
results to both technical and non-technical audiences.
- Strong interpersonal skills, with the ability to collaborate effectively across departments and
influence stakeholders at all levels of the organization.

Location:
This position is London based

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

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