Senior Risk Specialist
Our client is a financial institution, they are seeking a Senior Risk Specialist.
The role is to provide technical expertise, rather than managing others, on counterparty and/or market risk management of CCPs. This area of expertise includes assessing:
- Quantitative and qualitative assessment of counterparty and/or risk arising from CCPs’. This would normally involve the review of initial margin models, collateral management and the exposure measurement of investment activities;
- The adequacy of financial resources held by CCPs. This involves the review of CCPs’ stress testing and reverse stress testing methodologies;
- Providing technical support to CCP Policy on regulatory requirements or CPMI-OISCO guidance.
The job holder is expected to have significant experience working in quantitative disciplines (e.g. Risk Analytics at an investment bank or a Manager in a major consultancy). This experience may be from any of the combinations of public sector, private sector and academic positions. The job holder is expected to have familiarity and an understanding of financial markets or the development of market and counterparty risk stress testing frameworks. Direct experience of CCP risk management and modelling is not required.
The candidate should consequently have an appreciation of robust and weak market/counterparty risk management practices. The candidate will be familiar with a range of cash and derivative products, preferably across a number of asset classes (rates, credit).
The candidate will have proven quantitative skills, and will typically have a first degree in a numerate discipline, and may also have a post-graduate degree or professional qualification in a quantitative or finance-related subject (e.g. CFA, MBA, FRM). The job holder will have a fundamental understanding of risk management and measurement principles and practices, and will have sufficient understanding and critical thinking to be able to judge them on their merits.
The candidate will be expected to lead difficult and challenging discussions with senior executives of CCPs. Therefore, he/she must show gravitas and confidence at all times.
The candidate will also have:
- Strong work ethic and the ability to drive results;
- Excellent analytical, problem solving and decision-making skills;
- Strong written and oral communication skills:
- The ability to present complex liquidity risk issues clearly;
- Inquisitive nature: the ability to ask the right questions and escalate issues;
Salary: circa £58,000 - £74,000 (dependent on skills and experience) plus extensive benefits package (including non contributory pension scheme, 7% benefits allowance, private medical and income protection insurance, 25 days annual leave with option to buy up to 13 additional days, plus others).
Location: City of London
Flexibility: 4 or 5 days a week flexible working with some home-based working