Oliver James have partnered with an established MiFID firm as they expand their European presence and to facilitate this growth are keen to speak with senior Mark & Liquidity risk professionals.
The firm is seeking a Director of Market & Liquidity Risk to oversee both trading and non-trading market risk activities on the trading floor. This individual will play a key role in ensuring significant market risks are properly identified, analysed, and measured in alignment with the firm's regulatory and enterprise risk frameworks. Reporting directly to the CRO and Head of MRC, the Director will apply sound judgement, uphold governance standards, and provide effective oversight in market risk management.
This role also involves leading and developing a team, fostering an expert function within the Dublin office, and building a respected risk management operation. The ideal candidate will have in-depth experience in Fixed Income, Interest Rate, and Credit Markets, with complementary knowledge of Money Markets and Equity Derivatives. Expertise in Value-at-Risk (VaR) and Risk-Weighted Assets (RWA) is essential, alongside experience in overseeing non-trading activities, including investment and corporate lending portfolios.
Key Responsibilities:
- Oversee market risk and valuation for the global trading desks, focusing on Fixed Income, Equity Derivatives, and Money Markets.
- Provide subject matter expertise in non-trading market risk management, ensuring effective oversight across the firm's treasury and capital markets activities.
- Manage interest rate risk (IRRBB) and credit risk (CSBB) in the banking book, ensuring regulatory compliance and up-to-date risk management frameworks.
- Develop independent assessments of market conditions, desk positions, and portfolio valuations.
- Engage regularly with senior traders, business heads, and the Front Office to discuss trading strategies, market conditions, and risk positions.
- Develop and implement market risk and valuation policies, including defining stress tests and scenarios to identify key risks.
- Provide strategic guidance on the market risk impact of business decisions and ensure alignment with the firm's risk appetite.
- Analyse new product proposals, ensuring market risk and valuation implications are fully understood, with appropriate risk limits and controls in place.
- Communicate risk issues effectively to all levels of the organisation, including senior management and other control functions.
- Lead and develop a team of market risk professionals, providing mentorship, guidance, and fostering skill development to achieve team and business objectives.
- Maintain a comprehensive understanding of trading risks and profitability drivers, offering weekly performance analysis and commentary.
- Ensure robust and independent valuation policies are in place and adapted as market conditions and business strategies evolve.
- Serve as the primary liaison with regulators on market risk matters and ensure ongoing compliance with regulatory standards
If you would like to be considered for this position, please click the apply button below. Alternatively for a confidential conversation on the same, reach out on the following details; jack.callan@oliverjames.com | +35315719706
