Market Risk Analyst London, England
Job description
Reporting directly to the CRO, the Market Risk Analysts roles involves the identification, assessment, measurement, management, monitoring and reporting of the market risks (including liquidity and capital) facing UBA UK. The role forms part of the Second Line of Defence.
Responsibilities:
· Working closely with the CRO on the development of the market risk strategy and a clear risk appetite statement, including supporting Risk policies for the Bank in line with overall UBA UK business strategy.
· Provide input into to the overall UBA UK business strategy, with specific reference to market risk.
· Assists the CRO to:
o Develop and implement a suitable market risk framework and infrastructure;
o The ongoing review and maintenance of the framework ensuring it remains fit for purpose.
o Build and maintain a risk monitoring reports for large exposure;
o Maintain and ensure the accuracy of the Bank’s stress testing environment (liquidity, capital, fixed income credit and interest rate risk – as appropriate);
o Produce the daily market risk pack and ensure the accuracy thereof;
o Develop suitable policies including the determination of a limit structure and thresholds; and
o Ensure a strong and proactive risk management culture is embedded in the Bank at an operational level, instilling a culture of risk awareness to encourage good risk management practices throughout the organisation.
· Maintain and update relevant desktop procedures.
· Provide advice and guidance on market risk management practices to all staff, and act as subject matter expert.
· Monitor major and critical risk issues, track developments and escalate to the CRO.
· Cross functional liaison with Compliance, Operational Risk and Internal Audit on risk matters to ensure there is an integrated risk/audit/compliance road map or framework to mitigate these risks.
· Provide input into regulatory returns (weekly, monthly, quarterly, annually) and ICAAP and ILAAP, and assist the CRO with the review of relevant risk related regulatory returns.
· Provide commentary and analysis and targeted management information for informed decision making.
· Assist the CRO in providing risk related awareness and training to all staff, supported by effective risk policies, procedures and documentation in place.
· Involvement in new product development, new initiatives and activities.
· Assist Operational Risk in verifying system accounts (FT/FC).
· Assist the Head of Credit Risk to produce annual reviews for all Countries and Counterparties.
Job Types: Full-time, Permanent
Pay: £45,000.00-£55,000.00 per year
Schedule:
- Monday to Friday
