Global Head of Price Risk - Managing Director Global Head of Price Risk - Managing Director …

Mondrian Alpha Recruitment Solutions
in London, United Kingdom
Permanent, Full time
Last application, 02 Dec 20
High Salary + Bonus + Health and Dental
Mondrian Alpha Recruitment Solutions
in London, United Kingdom
Permanent, Full time
Last application, 02 Dec 20
High Salary + Bonus + Health and Dental
Posted by:
Matt Ellis • Recruiter
Mondrian Alpha Recruitment Solutions
Posted by:
Matt Ellis
Recruiter
My client, a leading Investment Bank seek and experience Market Risk professional to become their Global Head of Price Risk. The successful candidate will likely have significant market risk experience and will lead an expanding function responsible for designing, implementing, and leading an enhanced strategic control framework for Price Risk across markets.

Price Risk covers inventory and collateral valuations, market risk, and related risk factor sensitivities, model risk including model methodologies, development, and documentation.  Successful execution will require partnership with traders, quants, Technology, and Risk Management while leading engagements with Internal Audit and regulators. 

 

This is a highly visible position, sat under the Head of Front Office Trading Risk & Controls, collaborating with key strategic personnel from around the business.  We are looking to find candidates who have worked for a bulge-bracket Investment Bank, and who understand the complexity of an organization of this size. 

 

Key Responsibilities:  

Design, implement and operate this bank's Markets 1st Line Price Risk control framework covering Market, Model, and Valuation risk

Develop a global, cross-regional team of highly skilled individuals with diverse experience in related disciplines

Develop and execute remediation plans, contributing to the banks broader Price Risk program

Deliver Price Risk components of this banks Derivatives & Securities Financing Transactions program including stress testing and risk management capabilities

Partner with Technology to deliver front-to-back technology infrastructure enhancements

Establish Price Risk standards across the entire markets business, perform current state assessments and drive remediation

Implement an ongoing testing and continuous monitoring framework, including lessons learned process

Deliver enhanced reporting, escalation, and governance

Strategic project management, status tracking, and reporting to various governance fora

Work with Business and 2nd Line Risk Management to support market risk violation assessments, governance, and reporting

Ensure consistent ongoing application of controls and monitoring across markets leveraging MCA framework (Manager Control Assessments)

Partner with ICRM, ORM, and Internal Audit to support and respond to independent assessments

Manage interaction with various global regulators

 

Qualifications and Competencies:

Bachelor’s degree required, Master’s degree preferred

15 years’ experience ideally in Capital Markets, Market Risk, or similar 1st or 2nd Line risk management roles

Strong track record in strategic design and project management implementation, delivering complex solutions

Solid knowledge of derivatives & securities financing, market, model, and valuation risk management

Strong organizational leadership and influencing skills

Ability to articulate a strategic vision and impact & influence others

Works well under pressure and in tight deadlines

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