logo for Redland Search

Trading Risk and Control Analyst (Associate level) - City, London, United Kingdom, EC1A2

£50k

This top tier US bank specialising in Investor Services is seeking an ambitious and talented individual to join its FX Trading Team as an AVP in Trading Risk and Control. This is a real time front-office based Risk role giving you access to all areas of Risk.

We are looking for the type of person who speaks their mind, truly listens and steps outside their role to add value wherever they can. Someone who is driven to get things done and views obstacles as an exciting challenge that demands a creative solution. Above all, we seek someone who takes great pride in their work and is inspired and motivated by their role in protecting and enhancing our client's financial well-being.

The FX Trading and Risk Analyst will assist the Group Leader to establish and conduct risk controls and best practices for the FX Trading product. This position will assist FX management and the firm in understanding and responding to risks for the FX Trading product in a timely manner.

Some of your key responsibilities include:

1. Risk Management

  • Assist in establishing processes, documentation and controls to manage the various risks associated with FX Trading including legal, tax, regulatory, market, operational, reputation, and credit risk
  • Monitor trading activity to ensure exposures are within limits established by policy and appropriate for market conditions
  • Respond to market events, systems interruptions, anomalies in trading activity with appropriate diligence, including escalation as necessary
  • Analyze risks for new FX Trading products and services
  • Provide support to relationship managers on AML/KYC and other documentation requirements
  • Assist in the resolution of any audit and control issues related to FX Trading Risk and Control
  • Conduct detailed research and investigation to respond to issues raised by various management and oversight committees (e.g., IRCC, Risk Focus Group, ISMOC)
  • Participate in the Risk and Control Self Assessment process
  • Coordinate with FX and/or Investor Services Relationship Managers and IRAA on all sponsor and IRCC FX reviews

2. Business Partnership and Communication

  • Provide subject matter expertise to clients and prospects concerning relationship due diligence (both compliance and credit)
  • Liaise with FX Trading and IRAA to ensure appropriate credits lines are in place to ensure market liquidity for the Trading desk
  • Review FX policy guidelines with FX Traders, Relationship Managers and support staff and ensure they are fully educated on compliance
  • Assist Internal Audit on audits of the product and management and resolution of open items
  • Coordination of regulatory requests on an as-needed basis
  • Present risk management topics to management and oversight committees

The FX Trading Risk and Control Analyst assists in developing and monitoring risk management standards for the FX Trading product. This position measures market and volatility risk through quantitative techniques and risk methodologies and supports the FX Trading Risk and Control group through detailed analyses, modelling and reporting.

Some of your key responsibilities include:

1. Risk Management

  • Measure market and volatility risk, through quantitative techniques and risk methodologies
  • Oversee the activities of the operations risk management team and analyze their performance metrics
  • Research and interpret industry trends and prepare reports for management, as requested

2. Business Partnership and Communication

  • Develop comprehensive methodologies and metrics for FX Trading risks
  • Evaluate processes and monitor controls for managing business risk
  • Communicate division business policies and procedures throughout the FX
  • Monitor business activities and procedures to ensure compliance with established risk policies and regulations
  • Analyze the risk profile for FX activities and confirm alignment with BBH risk parameters and standards

Education level and/or relevant experience(s)

  • Bachelor degree in finance or related discipline or equivalent work experience required.
  • 3 to 5 years of relevant work experience.
  • Experience working in the financial services industry.

Knowledge and skills (general and technical)

  • Knowledge of products, services and practices.
  • Knowledge of relevant legal and compliance regulations for the industry.
  • Knowledge of foreign exchange Trading instruments preferred.
  • Ability to articulate risk management policies and methodologies.
  • Strong interpersonal, relationship and negotiation skills.
  • Experience with international currency markets, including the impact of economic and political factors.
  • Excellent problem solving and analytical skills.
  • Ability to manage multiple tasks simultaneously, while meeting deadlines.
  • Experience with Microsoft Office products.
  • Strong written and verbal communication skills, including presentations.

What We Offer:

  • Direct access to clients, information and experts across all business areas around the world
  • Opportunities to grow your expertise, take on new challenges and reinvent yourself-within the Firm
  • A culture of inclusion that values each employee's unique perspective
  • High-quality benefits program emphasizing good health, financial security, and peace of mind
  • Rewarding work with the flexibility to enjoy personal and family experiences at every career stage
  • Volunteer opportunities to give back to your community and help transform the lives of others