Department Overview:

Trading Risk Management (TRM) London is team of more than 70 people supporting all Financial Markets businesses.  TRM is responsible for Market Risk, Product Control, IPV, Counterparty Risk Measurement. Market risk looks at the movement in market parameters, such as interest rates, credit spreads and FX rates. Counterparty Credit risk assesses the risk by counterparty. The department’s core activity is measuring and analysing the financial risks of the trading desks as well as the day-to-day profit and loss generated by traders. This requires close liaison with front office traders.

Main Duties and Responsibilities could include some of the following:

• Reporting of the P&L and Risk for a specific trading desk.

  • P&L reporting includes: confirmation of full trade coverage with reconciliation breaks appropriately managed; explanation of the P&L.

  • Risk reporting includes: Value at Risk reporting and validation of the computation through full trade coverage validations and market data checks; sensitivity reporting and limit checking.

• Developing a deep understanding of the products and markets covered by the trading desk.

• Discussing results / market developments with the trader.

• Pro-actively looking for risks / market development / control issues that are not covered by standard reporting.

• Analyse counterparty exposure metrics, such as Potential Future Exposure.

• Contribute to project supporting the following: Stress Testing, Initial Margining, capital calculations, ING funding requirements.

Candidate Profile:

Qualification/Education:

Essential: progress towards a university degree (at least 2:1) in Finance/Economics or other relevant quantitative field. Strong A-level results.

Experience/Knowledge:

Essential:

• Highly competent with Microsoft Office programs, specifically Excel.

• Strong interest in financial markets.

Desirable:

• Programming skills (familiarity with VBA, SQL, Python, C++ would be a plus).

Personal Competencies:

Essential:

• Delivery focused with strong analytical skills.

• Good verbal and written communication skills.

• Organised and detail orientated.

• Approachable and willing to challenge different stakeholders, such as front office, higher management and other support functions.

• Energetic, creative, able to work independently and take the initiative to drive value in the Agile way of working.

Abu Dhabi Islamic Bank  

Emirates NBD  

ANZ Banking Group Limited  

Swissquote  

Scotiabank  

BMO  

EBRD  

Shawbrook Bank  

ClearBank  

C. Hoare & Co.