Head of Market Risk

5 days ago


Chicago, United States Huddleston Jones Full time

A Tier 1 Global Bank, with a great brand and strong Asian presence.

Job Overview

The role leads the Market Risk Analytics quant team. This unit is responsible for creating and maintaining portfolio market risk methodologies and ensuring a strong risk measurement framework for effective risk management and regulatory capital calculation.
This is a matrix team with members in Singapore, Hong Kong and London.
The successful candidate will own the market risk models; be responsible for developing methodologies, including internal risk management. In addition to dealing with senior stakeholders (audit, quants, market risk managers) in the business, they will also interact with regulators and auditors.

Job details:

The core responsibility of this role is to develop and enhance systems to accurately assess market risk. The candidate will need to ensure regulatory compliance with best in class standards for risk measurement, always at the forefront of regulatory change, dynamically engaged with regulators. This is a continuous change model, conforming and adapting to regulatory standards and change, supporting the business decisions in market and traded credit risk. Oversee the full portfolio of market risk models, frameworks, and systems for the purpose of accurate and timely assessment of market risk. Provide robust technical and methodological support to risk managers, the business, and capital/capital allocation analysts.

Core duties: Lead, Develop, Validate, monitor and maintain.

Day to day

Link across the organisation to ensure best practice standards are applied.
Position the business as a key partner with regulators, building a relationship founded on trust and confidence.
Continuously support the key foundations of the unit, creating and maintaining accurate market risk measurement techniques that are correctly implemented to meet regulatory standards.
Develop Quantitative Models.

The Team

Based across Singapore, Hong Kong and London, this is a matrix system with remote management.
Orchestrate a seamless and synergistic cultural and value set for the entire team, providing clear instruction and expectations.
Continuously provide training and development tailored to the team roles, ensuring that holders of all critical functions are suitably skilled and qualified for their roles, and have a succession plan in place.
Appropriately allocate quantitative resources with market and traded credit risk skills to priority/highest value projects while increasing productivity.

What do you need

- MSc in Finance, Mathematics, Physics, or Engineering or relevant equivalent experience.
- 10+ years of experience in a model development role in a Risk or Front Office function.
- Analytical with deep knowledge of VaR, FRTB, other Market Risk models.
- Core competency in developing the risk or pricing models in a Risk or Front Office function and Market Risk Models.
- Confident in your knowledge and understanding of Risk management practice, and experienced at being the lead individual interacting with regulators and senior stakeholders in your current role.
- Able to assess comprehensively the strengths and weaknesses of modelling approaches.
- Demonstrable experience of managing large and matrix-based teams, successfully delivering large projects across different functions.

Knowledge areas
Market Risk Models, Strategic Thinking, Market / Liquidity, Change Management

In the first instance apply to billie@huddlestonjones.com

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