Market Risk Manager Job Description
Market risk manager
provides support on building out the analytical toolset and framework to provide integrated analytics across VaR, Stress VaR, Stress and Market Risk Capital.
Market Risk Manager Duties & Responsibilities
To write an effective market risk manager job description, begin by listing detailed duties, responsibilities and expectations. We have included market risk manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Day-to-day market risk management of the Fixed Income Financing, Equity Financing and ADS business lines, ensuring completeness and integrity of the risks captured daily in the official VAR process, identifying and resolving exceptions, monitoring risk positions against VaR and non-VaR limits and reporting on the main risks to the business and to Risk senior management
Report, analyze and provide explanation on changes to Market Risk Regulatory Capital
Support regulatory submissions relating to Market Risk, including Backtesting, Regulatory Capital
Work with market risk managers on current reporting needs and strategic risk data program
Provide analysis and commentary on changes in risk positions and their impact on key risk measures such as VaR and Stress
Actively participate in the migration of Enterprise Market Risk Reporting to the new strategic risk technology platform to enhance the quality of analysis and objective assessment of market risks
GRM Market Risk advocate with direct input into the functional requirements of new strategic infrastructure
Assist senior manager to ensure integrity and accuracy of all enterprise market risk reporting results
Provide guidance for policy development in relation to market, trading credit and/or liquidity risk as it relates to (but not limited to) trading/derivative products
Assist with the design and maintenance of an effective policy papers review, approval and communication process, including submission standards, committee mandate, approval management and the flow of policy papers through the Capital Markets Risk Committee and other relevant committees
Market Risk Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Market Risk Manager
List any licenses or certifications required by the position: FRM, CFA, CISA, CISM, CISSP, PMP, BLS, CPR, ASQ, PRM
Education for Market Risk Manager
Typically a job would require a certain level of education.
Employers hiring for the market risk manager job most commonly would prefer for their future employee to have a relevant degree such as University and Master's Degree in Finance, Engineering, Economics, Mathematics, Graduate, Statistics, Business, Education, Management, Accounting
Skills for Market Risk Manager
Desired skills for market risk manager include:
Financial products
Stress testing
Scenario analysis
Capital
Fixed income products with preference for candidates with broader experience
VaR
Market risk
Products
Although broader and deeper understanding can be developed through job experience
Risk and projects
Desired experience for market risk manager includes:
MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline
Strong software development & Analytical skills
Provide senior GRM management with timely information with respect to changing market conditions with material implications for securities finance risk
Excellent understanding of derivative products and markets, the valuation and risk management methodologies associated with these
A relevant professional designation
Excellent knowledge and understanding on risk models, valuation models and model vetting/validation processes –minimum 2 years experience in modeling or model validations
Market Risk Manager Examples
1
Market Risk Manager Job Description
Job Description Example
Our company is growing rapidly and is looking for a market risk manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for market risk manager
- Report, analyze, and investigate outputs of market risk measurement systems, and reconciling data between them
- Gather requirements from stakeholders, create specifications documents
- Create test plans and test cases based off requirements and specifications
- Monitoring and reviewing trade transactions across the trading desks including equities, derivatives, FX and commodities
- Analyze trading transactions, reviewing models and understand what drives trading strategies across the asset classes
- Take part in risk committees and operations committees
- Work closely with the Treasury function to ensure that appropriate processes, models, assumptions are in place to manage key balance-sheet key risk indicators within the stated risk tolerance and appetite
- Develop a framework for enhanced anticipatory risk management covering areas such as interest rate risk metrics, deposit modeling, prepayment modeling, balance sheet forecast
- Model development, design, theory, assumptions
- Reasonableness of Model Output
Qualifications for market risk manager
- Ensure securities finance public disclosure and regulatory capital reports are complete and accurate
- Of the analyses produced
- Of risk management also necessitates intellectual curiosity and ability to challenge
- Proficient Excel know-how overall good MS-Office skills
- Stochastic Calculus, Brownian Motion, PDE Modeling, GARCH dynamic volatility models, extreme value theory, fractals, basics of multivariate modeling including copulas and other measures of dependence, dimension reduction techniques such as principal components analysis (PCA.)
- 7+ years of working knowledge of Project Management skills and techniques
2
Market Risk Manager Job Description
Job Description Example
Our company is looking for a market risk manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for market risk manager
- First point of contact for all ICM Credit and Market Risk topics arising in NY
- Review of products and local markets from a risk perspective (portfolio structure, processes, gaps analysis)
- Involvement in all risk-aspects of the business (new products, new regulatory requirements)
- Ensure regulatory requirements, particularly with respect to regulatory capital are implemented appropriately and support the production of the reports and analysis used for management decision making and regulators as needed
- An excellent communicator with proficiency in English – both written and verbal
- A strong team worker with the ability to build business and team relationships
- Close interaction with our business-partners both within ICM and across GTB, CRM, DCO, Legal, Audit and the wider bank
- Determining daily risk positions (overdraft reporting, excess reporting)
- Quantitative and qualitative analysis of risk position
- Build out local MIS around risk positions and ensure that it fits within the local governance / reporting requirements
Qualifications for market risk manager
- Solid leadership and interpersonal skills, capable of maintaining effective working relationships with colleagues at all levels and leveraging resources across various areas of the bank
- Conducting in-depth risk and model reviews, challenging the status quo on existing risk framework/modelling working with other teams to deliver necessary improvements
- Participating in various projects in conjunction with others Risk teams other external departments
- Review and analysis risk across all asset classes within the UK entities
- Oversee daily risk reporting to trading management
- Partner with other risk management groups to develop the infrastructure needed to define and measure market risk
3
Market Risk Manager Job Description
Job Description Example
Our company is looking for a market risk manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for market risk manager
- Plan and lead projects to assess soundness of the implementation, modeling approaches and business assumptions of key models used for Market Risk Management, particularly Basel III Regulatory Capital
- Meeting regulatory, board, and management timelines to report market risk metrics such as balance sheet duration, convexity, Economic Value at Risk, Net Interest Income Sensitivity and explaining period over period movements of these metrics
- Ensuring in-depth review of existing market risk management reporting framework ensuring that all hedging costs including liquidity premiums, FX and embedded options are accurately identified, measured and transfer priced
- Working with TBSM partners to validate key market risk measurement modeling and customer behaviour assumptions
- Successful candidate may work closely with UK and Global Regulators (monthly briefings, co-ordination and synthesis of major stress-testing exercises), and would be a key participant in successful approval of on-going model waivers, computing regulatory capital buffers
- Perform thorough financial risk and P&L analysis, particularly for derivatives and structured products
- Supporting the day-to-day operations of the COO group across technology
- Coordinating and partnering with the Project Management Office function in Birmingham
- Supporting bi-weekly and monthly metric collection and reporting
- Maintaining global presentation decks
Qualifications for market risk manager
- Coordinating – interact with many groups including Risk Measurement Group, Enterprise Market Risk Group and BMO Financial Corp
- MBA, MA, MS or equivalent with emphasis in finance, economics, or a qualitative discipline
- BSc/B.Math in a quantitative field (Math, Stats or Engineering)/BA (Economics, Commerce), FRM or CFA with a Masters degree in quantitative Finance/Mathematics/Science/Engineering or equivalent work experience in quantitative finance
- In-depth knowledge of mathematical and statistical methodologies used in financial engineering
- Experience in completing research projects from data collection, analytic modeling, report writing
- Computational and programming knowledge
4
Market Risk Manager Job Description
Job Description Example
Our company is looking for a market risk manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for market risk manager
- Create consolidated market risk reporting that captures the impacts to financial statements
- Representing the Market Risk Control function at key internal forums (project workshops, working groups ) driving Historical Simulation and FRTB implementation
- Managing financial forecasting accuracy within Risk and AMD GT Domain
- Assisting, setting up and running the Risk and AMD GT Domain governance model
- Running ad-hoc data core reporting to monitor the Change The Bank book of work
- Assisting in a demand management role for the Risk and AMD GT Domain
- Manage Communication within Risk and AMD GT Domain
- Providing support to the Chief Information Office (CIO)
- Acting as a Clarity expert within the Risk and AMD GT Domain
- Assisting with the implementation of the Risk and AMD GT delivery strategy
Qualifications for market risk manager
- Support Risk Managers in analysing and understanding results from the market risk measurement models
- Research and propose methodology enhancements arising from regulatory developments, new product coverage and to improve current methodologies
- Communicate with stakeholders at all levels
- Maintenance of current VaR models, and testing and implementation of methodology enhancements
- Provide quantitative and theoretical support to other team members
- Ensure that proposed methodologies fully comply with PRA and EBA requirements around Market Risk measurements
5
Market Risk Manager Job Description
Job Description Example
Our growing company is looking for a market risk manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for market risk manager
- Understanding of Market Risk Management for derivative products
- Providing support in planning and monitoring internal and regulatory capital adequacy CVA RWA utilisation
- Reviewing and signing off CVA VaR figures
- Manage Market Risk testing projects successfully by ensuring scope, timelines, and quality control requirements are met any firm impacts have been thoroughly analyzed and understood prior to sign-off
- Providing oversight of the global cost base, working with Finance partners and supporting cost saving initiatives including operational excellence strategies
- Leading a small team of specialists to produce reports and analytics that provide insights into market risks facing the U.S Non-Trading Book
- Improving management decision support through enhanced reporting and analysis
- Providing leadership and guidance to the team to meet long term challenges
- Maintaining strong communication with internal and external partners of the bank to create an open environment where issues and concerns can be openly raised and discussed
- Ensuring appropriate controls are in place to minimize operational risk
Qualifications for market risk manager
- Engage in internal projects and ensure that requirements around changes and testing to current VaR methodology are appropriately planned and implemented
- A PhD qualification in a quantitative discipline such as Applied Mathematics, Finance ect
- Strong skills in the use of relevant programming tools (Strong Excel, VBA)
- Flexible and a willingness to take on a variety of tasks
- Review and provide analysis for new complex transactions
- Support implementation of suitable risk management frameworks