Senior Market Risk Manager - London, United Kingdom - Bank of China

Description

Risk Management department is responsible for developing, maintaining and promoting the Bank's Enterprise Risk Management Framework (ERMF) and activities, and for providing independent second line of defence (2LoD) oversight for Traded Market Risk, IRRBB & FX Risk, Operational Risk and Model Risk management activities as well as the project management activities (i.e. project risk) in the Bank. As a Senior Market Risk Manager, your primary responsibility will be to support the Head of Risk Management in overseeing the overall market risk profile and effectiveness of market risk management activities in the UK entities. This is a full time permanent position.

Key responsibilities

• Support the Head of Risk Management in determining and driving longer-term strategy for traded and non-traded market risk management, and in managing the day-to-day work delivery of the market risk team
• Take lead to develop and maintain the Bank's market risk management policy suite for traded and non-traded market risk; provide guidance on market risk framework and policy requirements, and seek continuous improvement for the market risk methodologies and practices
• Coordinate the annual review of the market risk appetite and/or risk limits for UK entities, working with the first line of defence (1LoD) and/or Head Office
• Carry out the market risk day-to-day 2LoD activities; provide directional advisory and 2LoD oversight on the effectiveness of the market risk management activities in the 1LoD
• Keep Management and relevant stakeholders abreast of the market risk profile of the UK entities and any material concerns as appropriate
• Undertake independent 2LoD review on the new product proposal and design from the market risk management perspective, taking into account the Bank's market risk appetite and risk management expectations
• Design, maintain and deliver market risk training in order to raise awareness of the latest development in the business, regulatory landscape and markets, and support the embedding of solid risk framework, governance and culture across the Bank

Requirements

• Degree educated in Finance, Economics, Mathematics, Actuarial Science, Financial Engineering or related quantitative discipline
• CFA/FRM is highly desirable
• Solid experience in market risk management either as 2LoD or 1LoD gained in Corporate and Investment Banking, securities firms, Consultancy or Audit. Work experience in Treasury and/or Asset Liability Management (ALM) is highly appreciated
• Deep understanding of traded and non-traded market risk management framework, risk appetite/limits, methodologies and regulations (e.g. Basel, PRA)
• Excellent technical knowledge in financial products, especially Fixed Income, Currencies and Commodities, and/or ALM
• Team player who is able to work independently in a fast paced and demanding environment
• Attention to detail
• Excellent English and Mandarin Written and verbal communication skills with an ability to deliver compelling and well-structured presentations
• Experience in drafting governance and normative documentation
• People management experience is preferred