The main aim of the position is to provide firmwide risk analysis and control of the bank's exposures. This will be done on a aggregated basis. Main duties of the role will be:

- Ensuring that all market and trading credit risks in European businesses of the bank are monitored and controlled.

- Development and implementation of economic capital models for market risk and credit risk purposes.

- Updating and validating market and trading credit stress tests.

- Monitoring exposures across all asset classes in both trading and banking books.

- Prepare reports to Risk Committees and Board of Directors: statistics and interpretation.

- Ensure that risk profile of the bank is fully understood with respect to risk metrics such as book size, risk sensitivities, Value at Risk, and Stress Testing.

- Review daily p&l’s (actual and theoretic): validate against known market risk profile and value at risk. . - Improve process efficiencies.

- Project-based work to improve the completeness and accuracy of enterprise risk analysis.

- Ensure that enterprise risk captures the impact of new business initiatives appropriately.

Candidates

- Will have a good technical knowledge of market risk methodologies such as VaR, stress testing, and derviavtive counterparty risk exposure.

- Will know basic derivatives products at least.

- Do not have to have quatitative product pricing knowledge.

- Will be educated to degree level in a mathematical subject.