Reporting directly to Head of Commercial Banking Market Risk, this is an exciting Deputy Head role for a challenge hungry Market Risk Oversight Manager.

Main Accountabilities:

To provide oversight of divisional risk functions with the objective of ensuring risk management continues to meet the requirements of the Group, regulatory authorities and the standards of industry best practice.

• To provide risk management and assistance to divisional risk functions to ensure Market Risk management remains fit for purpose as Commercial Banking expands into new products and new businesses.
• Ability to drill down to product level and measure risk on individual non traded market risk products
• To provide assurance as to the accuracy and relevance of risk measures as reported at the Group level and externally, and to ensure divisions remain at all times within delegated ALM/market risk limits.
• To work proactively with Commercial Banking division in support of the above and, in particular, to sit on divisional ALCOs and to work closely with divisional risk teams.
• To contribute to the continuing development of Group policies on the management of ALM/market risk

Essential

• Sound theoretical and practical understanding of ALM and market risk management.
• Experience of products and services within retail and commercial product risk.
• Experience of Basel II / RWA Constraints / Counterparty Risk
• Track record of management experience in this area.

Desireable:

• Knowledge of regulatory requirements relating to market/ALM risk.
• Understanding/experience of market risk in a trading/Treasury environment