AVP - Market Risk - BFSI

The role is for a risk manager within the the Risk Framework and Risk Appetite team as part of the Enterprise Risk Group. The individual will be expected to participate in several key inter and intra department relationships, and be responsible for delivering the comprehensive Risk Framework for Group and Parent and for the further development of the Risk Appetite Framework with respect to firm-wide strategic objectives. The role will be embedded within a wider team working on the risk appetite of key subsidiaries, ensuring an integrated bank-wide approach is in place across all legal entities.

The role is responsible for a high profile work-stream to deliver and further develop the Risk Appetite Framework for Client.. It is concerned with determining the types and levels of risk to which the Bank is willing to be exposed in order to achieve our financial objectives. Close interaction with the businesses, risk experts and senior CRO executives is crucial to the successful delivery of the frameworks.

We are looking for

A good understanding of broad risk measurement frameworks, including Market Risk (e.g. VaR) or Credit Risk management as it applies to Private/Retail Banking or to Investment Banking

- Knowledge of Internal Capital Models such as Economic Risk Capital or Stress Testing frameworks

- Understanding of balance sheet accounting consolidation/non-consolidation rules, firm-level financial ratios and typical strategic financial objectives/targets

- High standard of written English, and experience of producing formal documentation

- To be able to operate autonomously, to drive a project/task forward and produce an end state product that can be presented to senior management with minimal required revision

- Knowledge of other areas such as Liquidity Risk or Capital Management would also be useful

- Proven experience within a risk department of a large bank or a consultancy firm

- Ideally, experience in limit setting and in the design or implementation of Risk Appetite and wider Risk Frameworks, or previous experience in an Enterprise Risk function

- Strong product knowledge across a diverse range of products