Market Risk Manager - Contract - 600/day

THE MARKET RISK FUNCTION

Market Risk within Treasury Risk is responsible for the development, implementation and maintenance of a best in class pro-active risk management capability for TSB-wide market risk. The Market Risk team is responsible for ensuring timely market risk and asset and liability management of the Banking Book within the sanctioned risk appetite.

THE POSITION

Provide high quality complex output, advice and guidance tailored to stakeholder needs operating as a Market Risk functional specialist.

PRIMARY ACCOUNTABILITIES

Implement the strategy for market risk management.

Establish, direct and maintain a risk appetite framework of limits and controls, policies and governance that will operate across all Verde market and ALM risks, to enable effective management. Proactively set market and ALM risk limits.

Ensure compliance with the bank's standards and reporting requirements together with all relevant regulatory and statutory requirements where appropriate implementing actions to protect the banks business at all times.

Work directly with the business to ensure a sound understanding of business strategy and associated risks, providing an independent view and value-adding contribution to enhance proactive risk management and establish an effective relationship as an equal and trusted business partner.

Proactively and continuously reassess the market risk environment and adjust measurement and controls along with the operating model, as necessary to ensure optimal performance.

Drive systems and process changes to enable high quality deliverables from Market Risk.

Actively develop and maintain a wide range of contacts internally and externally in order to obtain/exchange information, identify and establish best practice and ascertain further business requirements.

Embrace a strong culture within the team of accountability, empowerment and proactive contribution to the development of the function to reflect evolving business needs and environment, ensuring the agility and flexibility to adapt to change.

Positively influence others by demonstrating core TSB values.

Responsible for managing and implementing robust processes aligned to short term business objectives

Manage and minimise operational risks

Establish and build relationships with stakeholders to support the provision of quality and timely information and analysis to inform business decisions

Effectively work within and maintain internal networks for the purpose of optimising business results

Support agreed change projects to deliver continuous improvement

SUPERVISORY ACCOUNTABILITIES

The role may require some supervisory accountability periodically

CORE CANDIDATE REQUIREMENTS

Understanding of the maths behind market risk, and able to replicate in Excel in order to validate new products.

Capable of taking over daily risk reporting and writing of position analysis

Holding or training towards a higher qualification in a quantitative discipline such as Applied Mathematics, Finance etc. or equivalent professional qualifications in risk (eg PRM), treasury (eg AMCT/MCT) or finance.

Excellent written/oral communication skills - in particular, an ability to communicate complex technical ideas to a diverse audience and relate to less market and liquidity risk aware businesses.

Knowledgeable in the market risk management and treasury including best practice techniques in the industry covering Non-Traded Market Risks, FTP, ALM, liquidity and financial risk management.

Demonstrable knowledge of understanding of relevant regulations (eg IRRBB) and exposure to regulators

Has appropriate business market risk experience, including IRRBB reporting, risk measurement, stress testing.

Subject to the seniority of the role, experience of managing teams plus building productive and influential relationships with key stakeholders.