ALM Risk - Senior Manager ALM Risk - Senior Manager …

Silicon Valley Bank
in London, United Kingdom
Permanent, Full time
Last application, 02 Mar 21
Attractive
Silicon Valley Bank
in London, United Kingdom
Permanent, Full time
Last application, 02 Mar 21
Attractive
Posted by:
Rifat Khan • Recruiter
Posted by:
Rifat Khan
Recruiter
Reporting to the Head of Financial Risk Management and Model Risk you will be responsible for the Second Line oversight on Market Risk management of the UK Bank. If you are a technical SME in all that is Market Risk, with particular expertise in IRRBB, ALM and Balance Sheet Management, and would like to provide specialist strategic direction to a client and employee centric Bank, with ambitious growth plans, this role might just be for you!

Engage with the cutting-edge innovation businesses and investors that are changing the world. Build a career with purpose. If you’re looking for a company that values your ambition and passion — and your health and happiness outside of work — you’re in the right place.

 

 THE ROLE

 

Silicon Valley Bank (“the Bank”) is experiencing ongoing growth including expanding into Europe and reorganizing the UK business from a branch into a subsidiary. Given this background, the EMEA Risk team, sitting in the Second Line of Defence (“2LOD”), is expanding and we are looking to hire a talented and experienced Risk Senior Manager.

Reporting to the Head of Financial Risk Management and Model Risk you will be responsible for the Second Line oversight on Market Risk management of the UK Bank. If you are a technical SME in all that is Market Risk, with particular expertise in IRRBB, ALM and Balance Sheet Management, and would like to provide specialist strategic direction to a client and employee centric Bank, with ambitious growth plans, this role might just be for you!

 

RESPONSIBILITIES:

The successful candidate will:

  • Provide oversight over the Bank’s market risk related practices (e.g. calibrations of limits and triggers, policies and governance) for IRRBB, FX, CVA etc
  • Provide oversight over the methodologies and calculation of IRRBB for ICAAP purposes, and the FSA017 reporting
  • Provide oversight on 1LOD activities including: IRRBB and FX mitigation techniques (e.g. hedging decisions), LAB risk management and IRRBB/ liquidity recharging via the FTP mechanism
  • Use analytical skills to provide oversight and recommendations to the 1LOD, including risk assessments for new products
  • Report Market Risks updates to Senior Management on a monthly basis, and additionally as required
  • Build relationships internally, with the EMEA and US colleagues, so that all teams the Bank consider risk and apply customer-centric thinking as part of decision their making processes

 

Join us at SVB and be part of bringing our clients’ world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply

 

QUALIFICATIONS

  • Education: Relevant experience and/or business, Economics or Accounting qualification.
  • Work Experience
  •  
    • Solid experience working in Market Risk in 1LOD or 2LOD functions, with expertise in IRRBB methodologies, knowledge of IRRBB regulations and their relevant application to the product set and balance sheet
    • A good understanding of the Balance Sheet and P&L, including accounting implications
    • Experience of liquidity and capital desirable
  • Highly numerate with excellent Excel skills, and the ability to investigate/manipulate/model data quickly, find trends and provide recommendations
  • Communication:  The individual must have excellent communication and presentation abilities, including strong written and verbal skills and the ability to explain issues and decisions, as well as strategy, both internally and externally.  The individual must be an excellent listener, who works to understand the needs of others.

 

  • The ability to multitask, a deep sense of ownership and attention to detail are essential

 

Primary Location

London

 

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