Morgan McKinley
Market Risk Manager - Structured Products
London
Posted about 17 hours ago
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Market Risk Manager
We are seeking an experienced Market Risk Manager to oversee the counterparty exposures of the Structured Products business. The successful candidate will play a key role in ensuring robust risk management, monitoring exposures, and partnering with trading, structuring, and control functions to manage risk across multiple asset classes.
Responsibilities:
- Risk Oversight: Monitor and manage counterparty exposures and market risk of the global business, with a focus on OTC derivatives and structured and exotic derivatives in Commodities, FX, Rates & Credit, Digital Assets, and cross-asset products.
- Risk Analysis: Evaluate derivative structures, assess embedded risks, and ensure they are appropriately captured in risk systems and metrics.
- Risk and Limit Frameworks: Define, review, enhance risk measurements and methodologies, and enforce risk limits; challenge the adequacy of risk-taking activities relative to approved risk appetite.
- Product Coverage: Provide independent risk assessment of new products and complex structures, ensuring risks are well understood and controlled.
- Stakeholder Engagement: Partner with sales and trading teams, structuring, model validation, finance, and risk methodology teams to ensure accurate pricing, valuation, and risk representation.
- Governance & Reporting: Deliver clear and timely risk reporting to senior management, highlighting key risk drivers, trends, and emerging risks.
- Regulatory Compliance: Ensure adherence to internal policies and external regulatory requirements, including stress testing, capital requirements, and market conduct standards.
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Skills & Experience:
- Bachelor’s or Master’s degree in Finance, Mathematics, Engineering, or a related quantitative discipline; CFA/FRM is a plus.
- Significant market risk or trading/structuring experience within a leading financial institution, with exposure to structured and exotic derivatives.
- Deep understanding of derivative pricing models and risk sensitivities across multiple asset classes (Equity, FX, Rates, Credit, Commodities, and Digital assets).
- Strong knowledge of risk management frameworks, stress testing methodologies, and capital/regulatory requirements.
- Excellent analytical skills and ability to interpret complex risks into clear, actionable insights.
- Strong communication skills with the ability to challenge senior stakeholders and present risk issues concisely.
- Familiarity with risk systems (e.g., Sophis, Bloomberg, or in-house platforms) and corresponding data flows. Programming skills (Python, VBA, SQL, and PowerBI) highly advantageous.
Competencies:
Technical & Analytical
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- Risk Identification & Assessment: Skill in analysing potential operational, financial, and strategic risks using qualitative and quantitative methods.
- Risk Analysis: Proficiency in using programming tools (e.g., Python, SQL, advanced Excel, and PowerBI) for risk forecasting, scenario analysis, and stress testing.
- Product Knowledge: A deep understanding of multiple asset classes (equities, fixed income, commodities, FX, derivatives) including their valuation and associated pricing models.
- Regulatory Compliance: Understanding of relevant regulatory frameworks and ensuring the company remains compliant.
Interpersonal
- Communication & Stakeholder Management: The ability to articulate complex risk concepts and findings clearly and persuasively to diverse audiences, including senior management, traders, and regulatory bodies.
- Collaboration: Managing key stakeholders and coordinating across cross-functional teams.
- Problem-Solving & Decision-Making: The ability to analyse issues, draw on expert advice, and make sound, well-reasoned recommendations under pressure.
- Strategic Thinking & Business Acumen: The capacity to link risk management practices with overall business objectives and provide insights that align with the organization's goals and strategies.
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Skills
Market Risk Management
Counterparty Exposure
Risk Analysis
Risk Frameworks
Stakeholder Engagement
Regulatory Compliance
Analytical Skills
Communication Skills
Derivative Pricing Models
Stress Testing
Programming Skills
Risk Systems
Financial Analysis
Quantitative Methods
Problem-Solving
Strategic Thinking
Location