VACANCY OVERVIEW

Contract Type:
Permanent

Salary:
Negotiable

Recruiter Name:
Abby Spencer

Reference:
VR/073881

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An exciting opportunity has arisen for an FX Market Risk professional to join a leading financial institution.  The successful candidate will  be responsible for supporting the day-to-day risk management of the OTC foreign exchange business.

Key Responsibilities

• Ensure parameters and adequacy of algorithms are reviewed and tested in line with policy
• Complete regular back-testing of algorithms against observed member portfolios
• Ensure the adequacy of initial margin is reviewed regularly and insufficient initial margins are highlighted
• Manage any development of initial margin algorithms to ensure that risk management practice remains within policy, recommending areas for improvement
• Ensure that valuation policies and procedures are reviewed against market best practice and that valuations are reflective of prices that could be achieved in the event of a member default
• Manage any development of algorithms to ensure that risk management practice remains within policy and in line with market best practice; recommending areas for improvement as appropriate
• Ensure all new and existing products are appropriately valued
• Ensure pro-active review of existing policies highlighting areas where policy or parameters need, or would benefit from amendment
• Ensure that trading arrangements are in place with market counterparties in order to trade out positions following a member default

The successful candidate will have

• Strong experience within a central clearing organisation, broker or investment bank
• Knowledge of the full product life cycle
• Degree qualified/risk professional
• Specific knowledge of FX and/or interest rate products.
• Strong conceptual and practical knowledge of risk management in FX and/or interest rate products.
• Logical approach to addressing issues and problem solving.
• Effective communication skills