Manager, Market Risk

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Manager, Market Risk

London

EY is looking for a Market Risk Manager with strong analytical skills, traded risk expertise and experience in derivative products, to join the Market Risk team within the Risk Consulting business. This is a full-time London (UK) based role.

The team works with clients in Financial Services with regulatory/risk challenges in areas such as Market, Counterparty, Credit and Climate Risk. This is a rapidly growing area supported by an increased focus across the industry. It's a great time to join a high-profile team where you'll be surrounded by some of the most interesting and knowledgeable colleagues and exciting project opportunities to learn and further develop your skillset and career.

The opportunity

As a Manager, you will lead client engagements or workstreams and participate in internal projects. On a day-to-day basis, you'll deliver complex risk and regulatory transformation client engagements from strategy through to implementation. Depending on the role, you will have line management responsibilities and own specific client deliverables from inception through completion in consultation with EY leadership teams.

An important part of your role will be actively establishing, maintaining, and strengthening internal and external client relationships. Your role will also include supporting internal Go-to-Market proposition development on relevant risk solutions (FRTB, Risk transformation, Data and technology, CCR management and other key areas), thought leadership on specific offerings, and support the sales process through proposal development and closure.

As a Market Risk professional, you will get the opportunity to work on a variety of complex and high-profile projects with some of the largest financial institutions globally focusing on traded products and a wide stakeholder landscape across Front office, Risk, Model development and validation, Model Governance, Finance, and Technology functions. E.g. incl. but not limited to the following topics: Strategic Business Growth and Regulatory remediation initiatives (PRA, ECB, OCC/Fed), Capital optimisation, Financial Resource Management, FRTB, Trading Book Winddown, Model Governance, Risk and Controls across the 3 LOD, Future of Risk, Emerging digital assets, sustainability agenda, etc.

In line with our commitment to quality, you will ensure that work is of a high quality and is reviewed by the next-level reviewer. As an influential member of the team, you'll help to create a positive learning culture and will coach and counsel junior team members and help them to develop.

Your key responsibilities

• Participate in Risk and Assurance engagements with a Market and/or Counterparty credit risk focus.
• Work effectively as a team member sharing responsibility, providing support, maintaining communication, and updating senior team members on progress.
• Draft presentations, reports, and other deliverables for senior stakeholders.
• Conduct performance reviews and contribute to performance feedback for staff.
• Contribute to people initiatives including recruiting and retaining FSRM professionals.
• Maintain an educational program to continually develop personal skills.
• Contribute to developing internal solutions, business development materials, and the growth of EY in the market.
• Take part in the project planning and economics aspect of the project (budgeting, billing, etc.).

Skills and attributes for success

• Confident and credible communicator (both written and verbal) with good technical knowledge of traded products and risk management and commercial understanding.
• Project management and strong report writing skills.
• Experience in stakeholder and client management and well organized.
• Ability to support business development and contribute to the growth of EY market solutions and support thought leadership development and GTM Point of Views (POVs).

To qualify for the role, you must demonstrate the following:

• Strong academic background including at least a 2.1 Bachelor's degree.
• Good understanding of Derivative Pricing, Market risk, and CVA methodologies used for trading and risk management including solid knowledge of greeks, market data, and capital calculations.
• Good understanding of statistical and numerical techniques used in traded risk methodologies.
• Experience in managing a small team ensuring high-quality deliverables by reviewing their day-to-day work.
• Confident and credible communicator who displays both technical knowledge and commercial understanding.
• Ownership of given tasks and ensuring timely delivery, project management, and report writing experience.
• Soft skills including teamwork, collaboration, inclusiveness, flexibility, proactiveness, and motivation.

Good to have:

• Professional Qualification e.g. CQF / CFA / FRM / PRM.
• Risk Data & BCBS 239 related experience would be beneficial: Market Risk and Counterparty Credit Risk reporting (e.g. risk appetite, ICAAP, SREP, COREP), data lineage design and production, data quality metrics monitoring, controls design, and any other BCBS 239 / RDARR capabilities' implementation.
• Good understanding of risk and controls, risk appetite, risk framework and policies, target operating model and governance, traded risk measurement and monitoring, internal model permissions, and regulatory interactions.
• Good understanding of technology build lifecycle, which is critical for risk management projects (e.g. business and functional requirements documentation (BRD and FRD), implementation/build, SIT testing, UAT testing) would be beneficial.
• Experience in any of the following software development environments: VBA/Java/C++/SQL/R/Matlab/.NET and Project management tools (Tableau, MS Project etc.) would be beneficial.

What we look for

We are interested to hear from people with the right attitude for the job! That's naturally entrepreneurial people that feed on the energy of a thriving global team. You'll need a balance of technical and analytical skills, a creative approach to work, and strong communication skills. If you've got big ideas on how we can do better, as well as the confidence to voice them, this role is for you.

What working at EY offers

We offer a competitive remuneration package where you'll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings, and a wide range of discounts, offers, and promotions.

Plus, we offer:

• Continuous learning: You'll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We'll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We'll give you the insights, coaching, and confidence to be the leader the world needs.
• Diverse and inclusive culture: You'll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. It's yours to build.

Apply now.