We are recruiting an AVP in Market Risk Audit to join the Internal Audit function of a Tier 1 Investment Bank. This is an excellent opportunity for someone with a sound background in Model Validation, Model Development or Market Risk.

The successful candidate will hold a maths or science degree or post graduate qualification. Experience in financial services and/or banking is essential. The role looks at all aspects of Market Risk Audit, including Model Validation, VAR, Stress Testing Valuation, Model Building, and Model Development, across the business. Ideally, you will also have audit experience in this area, however candidates with solid experience in an analytics or controls environment are also encouraged to apply.

Essential:

• Relevant Experience of Market Risk Models, Model Validation, VAR, Stress Testing and Model Development.
• Ability to work as part of a high level team.
• Audit or assurance experience and qualifications

Fleet Search and Selection Ltd
Main: [Phone number removed]
Fax: [Phone number removed]
Head Office: Token House, 11/12 Tokenhouse Yard, London, EC2R 7AS
Edinburgh Office: 47 Timber Bush, Edinburgh, EH6 6QH
Company No. 6792954

Vacancy Summary
Salary55,000 – 70,000LocationLondon Job TypePermanentStart DateASAP

This is an excellent opportunity for someone with a sound background as a Model Validation, Model Development or Market Risk practitioner, or for someone who is a career auditor working in this space.

Our client is seeking someone to join their internal audit team. The successful candidate will hold a maths or science degree or post graduate qualification. Experience in financial services and/or banking is essential. The role looks at all aspects of Market Risk Audit, including Model Validation, VAR, Stress Testing Valuation, Model Building, and Model Development, across the business. As this is a VP level role, in depth knowledge experience in this area is essential.

This role is effectively that of consultant and subject matter expert to the Internal Audit Function. The ideal candidate will have experience in the audit field, however, practitioners are also invited to apply, as long as they have a solid understanding of the internal audit process.

Essential:

• Relevant Experience of Market Risk Models, Model Validation, VAR, Stress Testing and Model Development.
• Ability to work as part of a high level team.

Our client, a large American bank with a significant global presence, is seeking an experienced Market Risk Auditor to join their internal audit team covering the Asia Pacific Region. This position sits as the Head of Market Risk Audit Asia Pacific Region The successful candidate will hold a maths or science degree or post graduate qualification, and will have significant experience in the financial services and/or banking environment. The role involves looking at all aspects of Market Risk Audit, including Model Validation, VAR, Stress Testing Valuation, Model Building, and Model Development, across the business.

This role is at Senior VP level, and Heads up Market Risk Audit for the Asia Pac Region. Because of the regional remit, and the bank’s physical presence, they are happy for the incumbent to be based either out of Singapore, or Hong Kong. The ideal candidate will either be a career auditor who has specialised in this space, or a Market Risk practitioner who has some audit experience. Obviously at this level, the right candidate will need to have the gravitas, and interpersonal skills to lead the role and their team.

Requirements

• Relevant academic qualifications
• Significant experience in areas including, market risk models, model
  validation, and VAR, stress testing and model development
• Experience of leading audit teams in this area

This is an excellent career move for an individual with a sound background in Model Validation, Model Development, or Market Risk Audit.
Our client is seeking and experienced Model or Market Risk Auditor or Practitioner to join their internal audit team. The successful candidate will hold a maths or science degree or post graduate qualification with prior experience in financial services and/or banking. The role involves looking at all aspects of Market Risk Audit, including Model Validation, VAR, Stress Testing Valuation, Model Building, and Model Development, across the business. As this is a VP level role, previous in depth experience in this area is essential.
The ideal candidate will have experience in the audit field, however, practitioners are also invited to apply, as this role is effectively that of Market Risk SME within the Internal audit team, and relevant audit training will be afforded. Excellent communication skills are required, to develop and maintain positive working relationships as part of this small specialised team.

Essential:

• Experience of Market Risk Models, Model Validation, VAR, Stress Testing and Model Development.
• Ability to work as part of a small but high level team.

Reporting to the Local Head of Risk Management Audit and the Global Head of Quant Analytics, this Model Validation Audit role is a key position in both the Risk Audit and Quantitative Analytics Group supporting Model Validation.

You must have strong quantitative skills and market risk knowledge as a practitioner with experience in major asset classes. In particular the successful individual will conduct reviews of risk management and capital models.

You will have experience in VaR methodology, including the Regulatory stressed VaR, Incremental Risk Charge and the comprehensive risk measure., in addition to in depth understanding of the derivative pricing models. There is an expectation for the successful candidate to develop some knowledge of credit and operational risk models.

You will have regular communication with the Global Senior Risk Managers to discuss market trends, model enhancements as well as lend independent advice to various committees dealing with model validation and enhancements.

Skills for Model Validation Audit:

• Masters or Ph.D. in Finance, Economics, Mathematics, Mathematical Finance, Physics, Engineering, or a related quantitative field.
• Minimum 8 years’ experience in model development, model review or model validation audit with a financial institution within interest rates, FX pricing models, equities, credit, SPG and commodities, with good understanding of model risk control and measurement.
• In-depth knowledge of mathematical finance, derivatives pricing, and numerical techniques for derivatives valuation (Monte Carlo simulation, partial differential equations, numerical analysis, probability theory, etc.)
• Build credible relationships with senior management in the Risk function.
• Ability to programme pricing models for derivatives is preferable (MATLAB, C++)
• Being able to clearly document findings in work papers to ensure they meet internal standards.

This is an excellent opportunity for an experienced Operational Risk professional looking for a Head of role with an expanding small – medium sized (c.100 staff) banking firm.

The Bank have an established UK business offering corporate and treasury products to overseas and domestic clients.

Reporting to the CRO you will be the sole manger for all ops risk activity in the London branch. A concurrent work history in senior Ops Risk roles within banking firms with a similar product offering is a prerequisite.

Our client is seeking and experienced Model or Market Risk Auditor or Practitioner to join their internal audit team. The successful candidate will hold a maths or science degree or post graduate qualification with prior experience in financial services and/or banking.  The role involves looking at all aspects of Market Risk Audit, including Model Validation, VAR, Stress Testing Valuation, Model Building, and Model Development, across the business. As this is a VP level role, previous in depth experience in this area is essential.

The ideal candidate will have experience in the audit field, however, practitioners are also invited to apply, as this role is effectively that of Market Risk SME within the Internal audit team, and relevant audit training will be afforded.  Excellent communication skills are required, to develop and maintain positive working relationships as part of this small specialised team.

Essential:

• Experience of Market Risk Models, Model Validation, VAR, Stress Testing and Model Development.
• Ability to work as part of a small but high level team.

Our client, a leading global financial services firm is seeking a Vice President to join their Risk reporting team.

This is a rare opportunity to take on a new role within an expanding team. It will require excellent project management skills, team leadership and relationship skills to help define and build the scope of the division.

At first you will focus on building the Risk Control Monitoring framework with the view to eventually establishing an integrated Business Oversight function.

With a background in a large European or US bank, the successful candidate will have recent supervisory experience and a track record of developing and maintaining excellent working relationships with team members, stakeholders and senior managers.

The successful candidate will also be responsible for improving the overall efficiency of the function and in developing controls and risks across other risk reporting areas.

Essential Skills:

• Excellent Banking Controls Risk knowledge

• Experience of creating and Managing Controls teams

• Experience in dealing with Reporting issues

• A strong understanding of Risk Reporting and it’s application to the business and regulators.

• Expert understanding of SOX.

• Excellent communication skills

• Degree educated or equivalent experience

• Five years’ minimum experience in traded products and risks and controls

• Project management in change controls.

• Previous experience improving a Banking control environment.

This role would suit someone seeking a solid foundation for a career in market risk within a tier one bank, from an accountancy, risk reporting or data analyst background.

The successful candidate will provide support to Risk Managers for reporting and monitoring stress exposures for the Investment Bank. You will provide Var P&L for reporting and analysis purposes and maintain data quality understand key market movements and stress changes, whilst maintaining strong relationships with Product Control, Finance, and Technology Risk.

The successful candidate will have three to five years’ experience in a financial services role dealing with traded products, with equities/FX experience preferred.  The ideal candidate will enjoy working in an environment with strict deadlines responding to a wide variety of requests for risk data analysis (VAR and PNL).

The group is responsible for daily limit reports controlling the exposure for risk and manages breaches. The group also project manage wider risk issues including Volker and enhancement initiatives for risk reporting infrastructure.

Essential Skills

• Analytical skills and attention to detail

• Undergraduate Degree

• VBA programming experience and advanced understanding of excel

• Excellent communication skills both written and verbal

• Experience from a US or European Banking group.

Our client, a large financial services organisation with a global presence is seeking an experienced Senior Market Risk professional to join their market risk team with a strong track record in controls of traded credit or market risk.  The ideal candidate will have considerable experience handling large volumes of data and identifying gaps and trends impacting on risks and conveying complex analysis and requests to clients, stakeholders and senior management.   You will manage Strategic Risk reporting and programs to increase the functions performance.

Essential Skills

• Analytical skills and attention to detail

• Undergraduate Degree

• Excellent communication skills

• People management experience

• Minimum of five years’ experience in traded product/market risk controls in a US or UK regulated Bank.

• Demonstrable project management experience