XVA Market Risk Manager - Vice President - London, United Kingdom,


The employer is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

  • The role is located on the trading floor in a small multi-disciplinary risk team and encompasses extensive interaction with traders and other control groups. Specific responsibilities include:
  • Identification, assessment and monitoring of counterparty mark-to-market risks across the portfolio, including implementation of processes to actively monitor these risks. Calibration and enforcement of risk limits aligned with the Firm's risk appetite. Oversight of the risk monitoring process
  • Active dialogue with business units, risk management colleagues, and other groups regarding business strategies, risk representation, and limit compliance
  • Detailed risks analysis, highlighting both direct and indirect vulnerabilities in the portfolio. Development of a suite of comprehensive stress tests to highlight key risks, and projects to improve accuracy of XVA measurement
  • Work closely with stress testing team to validate inputs, design appropriate scenarios, verify shock implementation and communicate results
  • Communication of results of analyses with relevant stakeholders. Preparation and presentation of briefings to senior management, boards, and regulators on key risk issues on a regular basis
  • 4+ years relevant experience working in trading, risk or finance / treasury at a large financial institution. Preference for candidates with front office or desk-facing experience
  • In-depth knowledge of fixed income products with preference for candidates with broader experience. CVA / XVA or Counterparty risk experience a plus but not necessarily required
  • Excellent communication skills for verbal, written and verbal presentations. Ability to condense complex details into narratives suitable for communication with senior officers of the Firm
  • Proactive attitude with ability to work as both part of a close-knit team and independently
  • Quantitative orientation with strong intuition and ability to make judgments based on incomplete data. Ability to synthesize complex problems and conceptualize appropriate solutions
  • Strong technical skills, including high proficiency in Excel. Programming skills (VBA, SQL) are considered advantageous
  • Experience with risk systems processes and infrastructure, particularly as used in stress testing
  • Excellent academic background, preferably with a degree in business, finance or a quantitative discipline. Higher degrees or other qualifications, such as an FRM, also considered favorably