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Deputy Market Risk Manager

Ref: 76073

  • 70,000-75,000
  • 11 Nov 2021
  • Dublin (Central)
  • Permanent

Deputy Market Risk Manager

About the Position

The Assistant Market Risk Manager will influence senior management and stakeholders on all market risk issues, providing regular updates on exposures, emerging trends, prevention and mitigation.

Key Responsibilities

  • Work closely with debt managers and asset managers to support the understanding of their respective risk appetite, policies, limits, and risk exposures. Provide independent and effective second line challenge on risk-taking.
  • Preparation of daily, weekly, and monthly risk management information and dashboards for senior management and committees, along with monitoring and reporting against market risk limits and KRIs.
  • Continuous review and enhancement of risk reporting
  • Ongoing development of multi-factor/multi-period scenario analysis and stress testing across all market risk exposures (including Fixed Income, FX, Equity, and Absolute Return investment strategies)
  • Analysis of the market risk implications arising from new funding strategies, investment strategies, markets, products, processes, or regulatory requirements.
  • Ad hoc reporting to senior management on any important change to risk exposures.
  • Valuation of fixed income products (including Bonds, Repos, Loans, Deposits, Swaps and Short-Term Paper)
  • Maintenance and benchmarking of yield curves.
  • Play a key role in major risk projects. Ongoing development and maintenance of the risk systems

Experience/Requirements

  • At least 5 year’s relevant experience in the financial services industry.
  • A strong degree in a quantitative discipline (e.g. Maths, Economics, Engineering.)
  • Proven track record in monitoring, measuring and managing substantial market risk exposures across a diverse range of complex specialised portfolios. 
  • Excellent understanding of global financial markets and a strong product knowledge (e.g. Bonds, Repos, Loans, Deposits, Swaps, and Short-Term Paper).
  • Experience in valuing complex and/or illiquid products and an understanding of accounting implications.
  • A firm understanding, and proven experience of analysing and reporting on the market risks arising from a multi-asset investment portfolio, including multi-factor analysis and the valuation of derivatives and alternative assets.
  • Excellent understanding of risk methodologies such as VaR and multi-factor stress testing.
  • Strong understanding and experience in curve construction.
  • Excellent attention to detail. Clear and concise verbal and written communication skills. Ability to draft and present papers on complex issues to a broad range of audiences.
  • A high level of numeracy with strong analytical and IT skills (e.g. Excel, SQL, JavaScript, and VBA.)
  • Strong understanding of treasury risk management systems. In-depth knowledge of Bloomberg. Knowledge of Bloomberg PORT and OpenLink-Findur would be a distinct advantage.
  • Highly motivated with a willingness to take initiative and responsibility in a small team. Flexibility, adaptability and ability to deal with a fast pace of change

Remuneration Package

This is a permanent role with a salary of €70 - €75k doe. Benefits attached to include defined contribution pension and there are flexible working models in place. 
Contact

For more information on this role or any other roles within the Compliance and Risk space, reach out to Louise Morrissey in Brightwater on 015927885 or email me. Alternatively please apply via the link below.

To view all live jobs with Brightwater and market insights, please visit our website; www.brightwater.ie