Our client is a well-respected global banking and financial services group, headquartered in the UK. Following new regulatory measures being introduced as of 1st January 2023, they are looking to continue building out their Collateral Risk Management team here in their main London offices (Canary Wharf).
Key responsibilities for this position will include, but are not limited to:
This position sits within the Collateral & Risk function, as an experienced Analyst or Associate within the Margin Requirements for Derivatives team. It has a responsibility to control, calculate, monitor, and report the BCBS 261 initial margin regulatory requirement at regional and group level.
Reviewing & understanding the regulatory framework for BCBS 261
Working with all stakeholders on the End-to-End delivery of Uncleared Margin Rule (UMR) initial margin
Writing and Reviewing BRDs across functions
Engage in dispute resolutions
Working in the development of Collateral & Risk framework for IM
Working on developing joint work with Collateral Management and FO
Ensure that deadline set for Collateral & Risk are delivered in a timely manner
Ensure completeness & accuracy of submitted data
Assist in the development of strategic tools
Perform a thorough review of the final data expected to be submitted by Collateral & Risk to downstream users (e.g., Collateral Management Team).
Market Risk Management at Analyst or Associate Level
2-4 yrs experience within a Market Risk function
Good academic background – strong preference for STEM degree (min. BSc, MSc desirable)
Strong knowledge of the asset class (FX, Equity and Fixed Income).
Knowledge of financial products and key market risk concepts, such as risk sensitivities, VaR, scenario analysis and capital is required.
Candidates must be diligent, analytical and pro-active, with a desire to mentor and build a strong team ethic.
For more information about this position, please get in touch with Octavian Donnelly.
Phone: 020 3778 0874
Reference Code: 11768
Rutherford is a boutique search firm located in London. Our consultants are the executive specialists in compliance, financial crime, legal and cyber security recruitment, all within the financial and professional services sectors in the United Kingdom and New York. We use our carefully curated relationships, networks and market knowledge to find the best fit for the clients in hand. We work with a wide range of clients, spanning from advisors, management consultants, corporate and commercial banks, brokers, exchanges, MTFs and financial tech, through to global investment managers, hedge funds, private equity firms, investment banks and technology firms. We began as a compliance recruitment firm in London and expanded to offer new resourcing expertise across legal and cyber recruitment. We have been a leading legal and compliance search agency in London for a decade and are excited about bringing our expanded offering into the technology area.