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FRTB IMA Implementation and controls SME

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FRTB IMA Implementation and controls SME
Rate: £781.35 a day Umbrella
Duration: 31/12/2026
Location: London – Hybrid – 3 days on site
A leading global banking institution is seeking an experienced FRTB IMA Controls & Market Risk SME to join its Traded Risk function, supporting critical regulatory initiatives across the Global Markets business.
This is a specialist role for an individual with deep Market Risk, FRTB IMA, Regulatory Capital and Controls experience, who can bridge the gap between BAU Risk teams and Transformation functions. The successful candidate will play a key role in interpreting regulatory requirements, strengthening control frameworks, analysing capital calculations and ensuring the successful implementation of FRTB-related changes.
The role will focus primarily on the Global FX (GFX) and Equities (EQ) businesses and will involve supporting key regulatory initiatives, including the upcoming ISDA FX Definitions update.
Key Responsibilities
- Act as the Market Risk SME for FRTB IMA initiatives across Global FX and Equities asset classes.
- Interpret and assess new FRTB regulatory requirements and support their implementation across the business.
- Partner with Market Risk Managers, Front Office, Transformation and Technology teams to define and deliver regulatory change requirements.
- Develop and enhance control frameworks supporting FRTB capital calculations and reporting processes.
- Perform end-to-end analysis and oversight of both:
- FRTB Standardised Approach (SA) capital calculations
- FRTB Internal Models Approach (IMA) capital calculations
- Analyse risk exposures, capital impacts and reporting outputs, providing meaningful commentary to stakeholders.
- Challenge existing processes, identify control gaps and recommend improvements to strengthen the control environment.
- Support requirements gathering, solution design and implementation activities for regulatory change initiatives.
- Define test scenarios, review UAT outcomes and support successful production deployment of FRTB-related deliveries.
- Represent Traded Risk within regulatory and FRTB working groups and governance forums.
- Partner with BAU teams to ensure controls, reporting processes and operational procedures remain robust and scalable.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
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Essential Experience


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- Proven experience working within Market Risk Management, Traded Risk or Regulatory Capital functions.
- Strong hands-on experience with FRTB Internal Models Approach (IMA) implementation.
- Solid understanding of FRTB Standardised Approach (SA) and Market Risk Capital frameworks.
- Experience analysing and validating regulatory capital calculations and reporting outputs.
- Strong understanding of FX and Equities products, associated risk measures and trading activities.
- Experience implementing regulatory policies, controls and reporting requirements within a large banking environment.
- Demonstrable experience working with Front Office, Risk, Technology and Change stakeholders.
- Strong analytical and critical thinking skills, with the ability to challenge assumptions and investigate complex risk issues.
- Experience defining business requirements and translating regulatory requirements into practical business processes and controls.
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