Market Risk Officer
Market Risk Officer - VP
Location: Paris, France
Role Overview
The Global Markets In-Business Risk (IBR) team is a Front Office 1st Line of Defense responsible for market risk across asset classes within a major global financial institution's Global Markets division. The team aims to establish a comprehensive understanding of market risk and capital for the aggregated trading portfolio and optimize the business's return on capital. The role focuses on managing cross-asset portfolio risks arising from market business/trading activities in the Paris branch and those booked on EU legal entities (post-Brexit).
Key Responsibilities
- Identify key market risks within the trading inventory, considering market themes and environments through data analysis.
- Communicate results daily with the head of IBR and trading heads.
- Design appropriate hedging strategies as needed.
- Track product performance within Global and European Markets regularly, understand market movement drivers, and analyze trends to form forward-looking views on risks.
- Understand the firm's and legal entities' risk appetite, limits, and capital framework to optimize risk allocation.
- Develop a holistic understanding of risk and its implications on capital attributions, such as Stress losses, Value-at-Risk, FRTB, etc.
- Support the head of IBR and business heads in analyzing return on capital and risk appetite ratios.
- Collaborate with independent risk teams (2nd Line of Defense) to set appropriate risk limits and monitor utilization.
- Strengthen risk monitoring, control, and governance processes within the business and legal entities, and assist with regulatory requirements.
- Work with Technology/MQA to develop a comprehensive risk monitoring framework and propose optimization strategies.
Qualifications
- Proven experience in roles such as Trading, Structuring, Research, or Quantitative/Data Analysis, with a focus on managing market risk.
- Knowledge of Fixed Income and equity markets, and Fixed Income product structuring and trading.
- Cross-asset class product and market knowledge.
- Effective interpersonal skills to maintain relationships with trading desks, independent risk, and technology teams.
- Strong analytical and numerical competency, with attention to detail and an interest in financial markets and trading.
- Proficiency in MS Excel, Bloomberg, Tableau, and problem-solving skills.
- Programming skills in SQL and Python are preferred.
- Ability and interest in learning various asset classes and associated risks.
Education
- Bachelor's or Master's degree, preferably in Engineering, Statistics, or Finance.
Language
- Preferably bilingual (French and English), but not a requirement.
FAQs
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