Prestigious International Bank based in the West End of London, are looking to recruit a Market Risk Analyst to join their expanding Risk Department. Main function of the position will be Risk Analysis & Risk Reporting. This function forms part of the Risk Unit 2nd line of defence.

Main responsibilities of the Market Risk Analyst will include;

• Apply industry experience, best practice and technical expertise to develop and support the Bank's Market Risk function;
• Provide analysis on Market Risk measures such as P&L, MTM, Regulatory VaR, Stressed VaR, Incremental Risk Charge and Risks Not in VaR and internal measures such as Economic Capital;
• Develop models for Market Risk analysis and internal Stress Testing;
• Draft presentations and technical documents designed to articulate key risks to non-risk forums such as the Board, Auditors and Regulators;
• Interact regularly with the front office to ensure that the Market Risks arising from day-to-day investment/trading positions are fully understood and managed appropriately within the Risk Management Framework;
• Liaise with back office and support colleagues to ensure that systems adequately represent the risk profile of the Trading/Banking books, and that risk numbers are reported in an accurate and timely manner;
• Continually develop, automate and embed more up-to-date, accurate, and relevant MI for forums, committees and senior management up to and including the Board Risk and Compliance Committee;
• Develop and manage relationships with key stakeholders and data providers (e.g. Treasury, IT, CRO, Finance);
• Ensure processes are documented and reviewed regularly and have the necessary controls embedded within them in particular with reference to the Bank's Risk and Control Self-Assessment process;
• Provide second-line assurance of front office activity, ensuring that it is in-line with internal policy, Risk Appetite, Risk Framework and Investment and Trading Mandates.
• Actively support COREP, ILAAP, ICAAP, RRP and Pillar 3 reporting;
• Assist in the preparation and submission of information packs to various management committees and CRO report to the Board Risk & Compliance Committee, including analysis and commentary, ensuring risk issues are well understood and presented openly;
• Keep abreast of market news and trends in order to produce insightful market risk analysis and management information; and

• Deliver other ad hoc projects/work-streams as directed by the CRO.

To be considered for the Market Risk Analyst position, ideal candidates should have the following experience, skills and background;

• 1+ years' experience gained within a financial institution or financial services firm within risk management and/or market risk analysis;
• Quantitative educational background. A bachelor's degree in a quantitative subject e.g. Finance/Mathematics/Physics/Economics is desirable;
• Knowledge of interest rate products, counterparty risks and/or market risks, trade characteristics and hedging strategies. Specifically, can demonstrate understanding of key risk factors for FX, Rates, IR products and how they are measured;
• Good understanding of risk management metrics such as VaR, PVBP, RWA and Stress Testing;
• Experience of delivering accurate, timely and insightful management information to support executive decision making;
• Experience in documenting requirements, validating functional specifications and drafting testing plans;
• Experience in interpreting policies and documenting procedures;
• Ability to sustain a high level of performance under pressure with short deadlines and competing priorities;
• Highly numerate and analytical with ability to interpret statistical information;
• Proven ability to contribute to projects and teams across different business areas;
• Organised, results focused, detailed orientated and experience of working both independently and in a team-oriented, collaborative environment;
• Working knowledge of fixed income and mortgage products is desirable;
• Working knowledge Basel III/CRD IV;
• Knowledge and awareness of ICAAP, ILAAP and RRP;
• Knowledge and awareness of IFRS9;
• High level of expertise in VBA and Excel;
• Excellent written, interpersonal and verbal communication skills; and
• Familiarity with Bloomberg platform reporting.