Market Risk Management Associate
London, LND, GB, EC2M 2AT
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
Who we are
United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.
Role Summary
- To assist in the ongoing identification, monitoring and control of Market risk in the Bank’s day-to-day business
- To ensure all procedures are updated in a timely manner and help producing training material used by Senior Management
- Support EMEA region in relation to Market risk reporting for both Banking and Trading areas
- A reasonable understanding of Market Risk is required, with 1-2 years experience
- VBA knowledge is preferred, but not not essential
- Understanding of VaR and understanding potential losses
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Support the production, analysis, and enhancement of Market Risk reporting.
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Maintain and improve Market Risk systems, procedures, and controls.
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Provide support to business, risk, finance, and regulatory stakeholders on Market Risk matters
Business Area
You will be working within Risk Management Dept (RMD) in the Market Risk area, working across EMEA juristictions to montitor, analysis and understand the Market Risk's and ensure first line remain within their remit and Risk appetite.
Focusing on Trading Instruments suh as FX, Options, Equity, Repo's and Derivatives. Along with Banking book instruments such as IRRBB, PL analisys
Position Description
- Monitor Market Risk exposures and ensure adherence to approved limits.
- Produce and review daily, weekly, and monthly Market Risk reports.
- Escalate limit breaches and risk issues to the Head of Market Risk in a timely manner.
- Support regulatory reporting, including IRRBB, VaR, P&L, FRTB and other market risk initiatives.
- Maintain and update Market Risk procedures, documentation, and training materials.
- Liaise with Treasury, Front Office, Finance, Compliance, IT, and Risk teams across EMEA.Support Market Risk projects, automation initiatives, system enhancements, and governance activities
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Supporting the Market Risk framework, governance, and control environment
Competencies
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
- Hybrid and flexible working
- Competitive paid leave days
- Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
- Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
- Access a wide range of learning and development opportunities and career progression opportunities
- Ambitious remuneration package
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.
We are committed to transparent and equitable pay practices. Compensation is determined using objective criteria, including skills, experience, and role responsibilities, and applied consistently throughout our recruitment processes. We do not request candidates' pay history and are committed to preventing unjustified pay disparities.