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xThis section includes all our risk management jobs in investment banks, asset managers, hedge funds and other financial services firms. As the financial crisis clearly demonstrated, financial services can be a very risky industry indeed. Without risk management professionals to curb employees' enthusiasm for pushing boundaries in pursuit of big profits, whole banks can go under.
Professionals working in risk work closely with technology, operations, audit, compliance, and other control functions within a bank. Risk management jobs are generally divided into different areas, the most fundamental of which are market risk, credit risk and operational risk.
Market risk is the risk that a whole portfolio of traded financial products (for example, stocks, bonds or commodities) falls in value simultaneously because of outside events, such as rising oil prices or terrorist bombs. The four standard market risk factors are stock prices, interest rates, foreign exchange rates and commodity prices.
Market risk professionals price and model risk across different asset classes, including derivatives (forwards, futures, options, swaps). They must also communicate clearly with traders, providing the front office with risk assessments.
Credit risk is the risk of loss of principle if a borrower defaults on a loan repayment. A job in credit risk involves helping to mitigate this risk by preparing credit proposals and credit reviews, which provide the business with independent assessments about the financial standing of prospective and existing borrowers.
Credit risk roles involve collaborating with the lending team to ensure that credit proposals or extensions are approved or declined in accordance with both the firm's internal credit policies and local regulations. Most lenders use their own credit scorecards to rank customers according to risk. Factors such as operating experience, management expertise, asset quality, and leverage and liquidity ratios are taken into account.
Operational risk is the risk that a bank will incur damage or losses due to internal factors such as systems breakdown or financial wrongdoing. A job in operational risk includes performing front-to-back reviews of business processes and report to business managers.
Roles in operational risk require conducting risk self assessments of business units, disseminating information about the firm's risk policies, and identifying and reporting any escalation of risk issues. They also liaise with internal audit, external audit and regulators.
Many risk professionals possess qualifications designed to improve their knowledge, job opportunities, professional reputation and pay. For example, the Financial Risk Manager (FRM) designation from the Global Association of Risk Professionals is awarded to those who pass two examinations and have at least two years' work experience in financial risk management.
The Professional Risk Managers' International Association (PRM) goes to financial risk managers who pass four exams covering financial theory, financial instruments and markets, mathematical foundations of risk measurement, and other subjects.
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| Credit Risk Business Analyst | Empiric Excellent | UK-London | 19 Jun 13 |
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An excellent opportunity has arisen for a Credit Risk Business Analyst
| Compliance Officer | Orgtel GBP45000 - GBP47500 per annum + Benefits | UK-London | 19 Jun 13 |
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Compliance Officer, Fixed Term Contract, London, Wealth.
| Head of Risk | LMA £120,000 - £140,000 | UK-London | 19 Jun 13 |
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An excellent opportunity has arisen at an industry leader within their field, for someone to support the Chief...
| Top Investment Management Group seeks Business Risk Analysis to asses group Funds | Selby Jennings Highly Competitive | UK-London | 19 Jun 13 |
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This Globally renowned investment Management Group is seeking an analyst to work with a senior member of the t...
| Internal Auditor | Investigo Banking and Financial Services DOE (~£45,000 - £65,000) + benefits + bo... | UK-London | 19 Jun 13 |
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Internal Audit
| Fund Transfer Pricing Project Manager | Barclays. Market Rate | UK-London | 19 Jun 13 |
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Fund Transfer Pricing Project Manager - Treasury - Finance
| Senior Risk Analyst - Fixed Income | LCH Clearnet Competitive | UK-London | 19 Jun 13 |
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As part of a team of 6 the role will be to help manage and run the in the day-to-day market risk management o...
| Business Analyst - Collateral Management Services Strategic Replacement | LCH Clearnet. Competitive | UK-London | 19 Jun 13 |
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Overview CaLM IT currently requires Business Analysts to work on the Strategic replacement project.
| Junior Risk Analyst SwapClear | LCH Clearnet. Competitive | UK-London | 19 Jun 13 |
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LCH Clearnet
| Risk Analyst/Senior Risk Analyst | LCH Clearnet. Competitive | UK-London | 19 Jun 13 |
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OverviewThe Clearing House needs to provide robust and prudent risk management in order to meet its overridin...
| Quantitative Risk Analyst | LCH Competitive | UK-London | 19 Jun 13 |
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As a member of the Winning Hand team, within the LCH Clearnet, the role encompasses providing the quantitative...
| Quantitative Valuation Assistant Manager | Morgan McKinley GBP44000 - GBP49000 per annum | UK-London | 19 Jun 13 |
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Quantitative Valuation Assistant Manager
| Commercial Credit Sanctioner | Investigo Front Office Up to £75,000 + benefits | UK-London | 19 Jun 13 |
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Our client, a progressive and growing bank are looking to hire a Credit Sanctioner to looks a deals originatin...
| Front Office Risk Manager | Not Disclosed Negotiable plus bonus and benefits | UK-London | 19 Jun 13 |
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My client is a leading Energy and Commodity Trading house. They are currently looking to expand a key team wit...
| Developer, Excel, VBA, Market & Liquidity Risk, Front Office Based | NDK Consulting Ltd £50k + Excellent Benefits + Bonus | UK-London | 19 Jun 13 |
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An excellent opportunity to join a City based bank's Market & Liquidity Risk Division as a Developer, Excel, V...
| VP – Market Risk Analyst | Hamlyn Williams Competitive | UK-London | 19 Jun 13 |
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My client, a Top Tier Investment bank based in London have an immediate requirement for a Market Risk Analyst ...
| Java Developer - Front Office | InterQuest Financial Markets £550-£650 per day | UK-London | 19 Jun 13 |
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Java Developer - is required to work within the financial sector on a high profile project in a Credit Risk te...
| Audit Manager- IT Audit | HSBC Bank Plc Negotiable | UK-London | 19 Jun 13 |
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The role of the Audit Manager, IT Audit is to undertake and monitor various IT audit activities to help ensure...
| Audit Manager- European Team | HSBC Bank Plc Negotiable | UK-London | 19 Jun 13 |
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The role of the Audit Manager - European Team is to be a team leader for smaller sized Audits. Assignments are...
| Senior Audit Manager- Wholesale Risk Audit | HSBC Bank Plc Negotiable | UK-London | 19 Jun 13 |
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The Senior Audit Manager role is based within Global Internal Audit which provides independent, objective assu...
| Market Risk - VaR Methodology | Anson McCade Competitive Market Rate | UK-London | 19 Jun 13 |
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My client are building up a group focusing on VaR (value-at-risk) methodology.
| Assistant Risk Manager | Not Disclosed 28-35K | UK-London | 19 Jun 13 |
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Operating across the major global markets, the Mako Group is a leading provider of liquidity for exchange trad...
| Senior Performance Analyst | Kennedy Pearce Negotiable plus Bonus and Benefits | UK-London | 19 Jun 13 |
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A leading Asset Management firm based in the City are looking for a Senior Performance Analyst to join their g...
| Traded Credit Business Analyst | Astbury Marsden & Partners Limited GBP500 - GBP550 per day | UK-London | 19 Jun 13 |
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Traded Credit Business Analyst
| Corporate Banking Operational Risk Manager (VP) | Saxton Leigh £Market Rate | UK-London | 19 Jun 13 |
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Our client is a leading Corporate Bank.
| Senior Manager, Credit Risk | Campbell James Search c£90-100k basic | UK-London | 19 Jun 13 |
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Credit Risk professional sought for International Bank
| Credit Analyst, Corporate Banking | Campbell James Search c£35-45k basic | UK-London | 19 Jun 13 |
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Credit Risk Analyst sought for leading International Bank
| Market Risk Analyst | Empiric GBP40000 - GBP55000 per annum + bonus +... | UK-London | 19 Jun 13 |
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Opportunity for an experienced Market Risk / Risk Management candidate with good asset class experience looki...
| VP Credit Risk Reporting | Barclay Simpson £Excellent Base + Benefits + Bonus | UK-London | 19 Jun 13 |
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VP/Team Lead Role in Credit Risk Reporting with major global IB
| Credit Sanctioner | Barclay Simpson £Excellent Base + Benefits | UK-London | 19 Jun 13 |
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A Tier 1 Corporate and Investment Banking Group are looking for an AVP level corporate credit analyst to take ...