Counterparty Credit & Traded Market Risk Manager | S3 | Risk

Full Job Description

Counterparty Credit & Traded Market Risk Manager | S3 | Risk

Country: United Kingdom

Interested in part-time, job-share or flexible working? We want to talk to you!

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You will be a contributor role within Market and Structural Risk accountable for identifying, understanding, and monitoring specific market and counterparty credit risks and ensuring they are reported accurately. Liaising with several stake holders (including front and back offices, legal, credit risk and collateral management) to understand market trends and to report exposures under different market conditions, investigating and documenting limit excesses in accordance to policy and procedures.

You will also actively participate in the development and improvement of regulatory reporting submission processes and takes ownership over the production of internal reporting for decision making at senior level.

The difference you’ll make:

• Identifying, assessing, managing and reporting risks taking actions where appropriate in order to remediate or escalate potential issues
• Creating understanding and stakeholder buy-in to Risk objectives and priorities
• Liaising with Core Risk team users to prepare functional requirements in new projects, reports, initiatives, and methodologies undertaken by Development Team 
• Demonstrating good working knowledge and understanding of the financial services industry, of wholesale products and regulations
• Developing and producing regular exposure reports on product portfolio and limits

What you’ll bring:

• Extensive knowledge of statistical risk measurement techniques (e.g. VaR, PFE, XVAs, Greeks)
• Advanced expertise in Excel and Python

It would also be nice for you to have:

• Sound knowledge of markets and financial instruments (particularly, derivatives and fixed income, including  valuation models and hedging)
• Degree in quantitative subject (e.g. mathematics, physics, statistics / equivalent)
• Recognised professional certification like CFA & FRM
• Good communication and stakeholder management skills

What else you need to know:

We want our people to thrive at work and home, and we recognise that many people benefit from flexible arrangements. To enable us to deliver the best outcomes for our customers and to help each other develop we understand the importance of having the right balance of spending time together in an office while maintaining flexibility.

By working this way, we can continue to create moments that matter for everyone. To support this, we offer site-based contracts with a hybrid working pattern and we’re happy to discuss specific requirements throughout the recruitment process.

This role is based in Milton Keynes and our current expectation is at least 2 days in an office every week.

If you’re interested in this role but with part time hours or a job-share we would still love to hear from you and discuss these.

Inclusion:

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed.  We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we’ll reward you:

As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.

• Eligible for a discretionary performance-related annual bonus
• We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
• 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year
• £6,000 car allowance per year
• Company funded individual private medical insurance
• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments
• Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
• Share in Santander’s success by investing in our share plans 

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you’re interested in, then please apply.

If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available through telephone, email, or face to face. You can contact us at or call 0870 414 9080.