National Bank of Canada Capital Markets - London, UK
Senior Advisor, Risk Oversight
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Overview
NBCCM is an indirect wholly owned subsidiary of National Bank of Canada (“NBC”). The main strategic purpose of NBCCM is to enable the NBC Group (“NBC Group,” meaning National Bank of Canada and all its subsidiaries) to grow and diversify its presence in Europe, Asia & MENA while allowing for a natural development of its existing business relationships and the establishment of new ones in the global markets.
NBC has over 150 years of history and is currently the 6th largest Canadian bank. Through its branch and subsidiary network, NBC can service clients throughout North America, Europe, Asia & MENA. NBC’s strategy is to further develop NBCCM as its hub for trading and financial services in Europe.
We are looking for a highly analytical and commercially minded Senior/Chief Advisor to join our Risk Oversight team in London. This role sits at the heart of our trading activity, providing independent challenge and insight across market risk, valuation and product governance.
Senior Advisor – Risk Oversight
The Senior Advisor, Market Risk Oversight is responsible for providing independent second-line oversight of market, liquidity, valuation, and model risks across Fixed Income, Currencies, Global Funding & Treasury, and Investment activities. The role challenges front-office risk-taking, ensures adherence to the Bank's risk appetite framework, and supports senior management in maintaining robust governance, regulatory compliance, and risk transparency.
In this role, you will partner closely with Front Office, Risk, Finance, Operations teams and UK regulator to ensure robust oversight of market risk and valuation practices.
Responsibilities:
- Independently monitor and assess market risk exposures across trading and treasury portfolios
- Understanding of liquidity and credit risk to challenge treasury and securities financing activities
- Understanding of the UK regulatory framework
- Understanding of the financial markets and business strategies, the various products traded and key drivers behind day-to-day P&L and risk (VaR, Greeks, Stress scenario) variations and how various products are set up in systems.
- Ensure that risks are appropriately identified, measured, controlled, and reported.
- Propose metrics, thresholds and limits for Market Risk Appetite that are aligned with the Bank’s risk appetite.
- Analyse and communicate changes and trends in material risk exposures as well as potential threats.
- Monitor and analyse key risk exposures vs. limits as well as profitability drivers.
- Review and opine on limits (temporary or permanent) before their approval
- Develop and calibrate new stress test scenarios.
- Lead the development of relevant guidelines, ensuring a simple and effective risk framework.
- Identify risks in new products and activities and ensure that they are subject to adequate procedures and controls before being introduced or undertaken.
- Propose and approve market parameters sources, methodologies and assumptions related to valuations and valuations adjustments.
- Build, improve and conduct independent price verification (IPV) and review the methodologies related to IPV on an ongoing basis.
- Recommend adequate risk metrics or review/challenge methodologies and assumptions when risks are measured and reported by the first line of defense.
- Review and recommend changes (if applicable) to the various market risk policies periodically
- Assist the Senior Manager with ad hoc analysis/projects, monthly/quarterly reporting mandates and regulators' meeting/Audit requirements
- Coordinate and work with other groups (Middle Office, VaR, Operations, Accounting etc.) in the bank on a regular basis.
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Requirements:
- 2–5 years' experience in Market Risk, Risk Oversight, Product Control, Treasury Risk, or a related risk management function within a banking or financial services environment.
- Strong understanding of Fixed Income, Foreign Exchange, Treasury and Investment products.
- Knowledge of market risk methodologies, including VaR, stress testing, scenario analysis and valuation principles.
- Understanding of liquidity risk, valuation risk and market risk governance frameworks.
- Excellent analytical and problem-solving skills, with the ability to interpret and communicate complex risk issues.
- Strong stakeholder management skills and the ability to work effectively with Front Office, Risk, Finance and Operations teams.
- Strong programming and data analytics skills, with demonstrated proficiency in Python.
- Master's degree (or equivalent) in Finance, Economics, Mathematics, Engineering, or a related discipline.
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What NBCCM has to offer
NBCCM recognizes that the culture of an organisation and the performance of its workforce are not mutually exclusive. Since our inception in 2013, NBCCM has worked tirelessly to ensure our cultural framework aligns not only with the Code of Conduct and Ethics of our parent company, NBC, but with our own environmental and local values.
Promoting and supporting diversity in the workplace is an important aspect of good people management- it’s about valuing everyone in the organisation as an individual. We at NBCCM have an effective diversity and inclusion approach concerning our employees. There are no silos in our teams and management strive to add value to our organisation, by contributing to employee well-being and engagement. NBCCM takes pride in its diverse workforce, employing and cultivating professionals from all over the globe.
Working at NBCCM can take different forms and it is built around the relationship of trust between the employer and its employees.
We're putting people first.
We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives.
We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us.
All data received from applicants is subject to GDPR and Data Protection requirements.
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