XVA Market Risk Manager AVP

Recruiter
BARCLAYS
Location
Lambeth, UK
Salary
Competitive
Posted
13 Jul 2019
Closes
22 Jul 2019
Ref
1196399190
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Job Description - XVA Market Risk Manager AVP (90235011)Job Description XVA Market Risk Manager AVP - 90235011Primary Location:UK-GB-London-LondonJob Type:Permanent/RegularPosting Range:26 Jun 2019 - OngoingDescription Job Title: XVA Market Risk Manager (London)Location: LondonAs an Front Office Risk Manager, the candidate will work closely with a variety of teams within the Risk function as well as with other Infrastructure areas and Front Office to ensure accurate and insightful risk analysis and reporting to the business, senior management and regulators. The role requires a strong relationship with the desk in order to understand and challenge risk positions on a daily basis. You will take ownership of the risk framework put in place around the CRT business, with specific focus on the complex rates risk XVA and other books are running. The person will be part of a team of 4 individuals and will benefit from the help and assistance of the "off-shore" Market Risk team in Mumbai. What will you be doing?• Working closely with the traders to help them understand limits and positions; whilst providing appropriate challenging on risk taking.• Understanding and presenting the main risks associated with the portfolio with focus on rates risk stemming from the Discounting-adjustment (XVA) and other books (like Legacy Str-Rates)• Following market developments across core asset classes, but with main focus on rates and Money Markets and relate this to the risks in the portfolio. • Constantly working to improve processes within the Risk function and the business.• Understanding, challenging and approving approximate bookings for CVA risking.• Analysis and sign off on VaR and risk reports.• Stress testing with specific emphasis on XVA stress-testing and the complex second-order risk, assisting in the development of XVA new stress testing tool used for Internal & Regulatory Stresses (eg BoE).What we're looking for:o Risk management background, with comprehensive understanding of risk management tools (VaR, Stress testing and scenario analysis).o Sound understanding of derivative markets, products within the Rates asset-class (Money Markets and other flow products). Understanding of exotic Rates products will be beneficial, but not essential.o Good understanding of counterparty risk and CVA/FVAo Strong written and verbal communication.o Strong IT skills (advanced Excel, VBA, SQL and general database knowledge).Skills that will help you in the role:o Familiarisation with Sec-Derivative products preferable, but not essential.o Preference for good understanding of Credit products and Rates Vol Productso Quantitative Academic Background desirable, but not essential.Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details. Our Values Everything we do is shaped by the five values of Respect, Integrity, Service, Excellence and Stewardship. Our values inform the foundations of our relationships with customers and clients, but they also shape how we measure and reward the performance of our colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.Our DiversityWe aim to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to our vision and goals.Our BenefitsOur customers are unique. The same goes for our colleagues. That's why at Barclays we offer a range of benefits, allowing every colleague to choose the best options for their personal circumstances. These include a competitive salary and pension, health care and all the tools, technology and support to help you become the very best you can be. We are proud of our dynamic working options for colleagues. If you have a need for flexibility then please discuss this with us.

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