418 Head Of Market Risk jobs in the United Kingdom

• Develop, implement, and back-test quantitative models for financial risk assessment (e.g., VaR, Expected Shortfall, pricing models).
• Perform data analysis and statistical modeling on large financial datasets.
• Validate existing models and ensure their accuracy and compliance with regulatory requirements (e.g., Basel Accords).
• Collaborate with business lines to understand their risk exposures and needs.
• Communicate complex quantitative concepts and findings to non-technical stakeholders.
• Contribute to the development of risk reporting frameworks and dashboards.
• Stay abreast of industry best practices, regulatory changes, and emerging quantitative techniques.
• Assist in the implementation of new risk management systems and tools.
• Conduct ad-hoc quantitative analysis as required by senior management.

• Master's or PhD in a quantitative field such as Mathematics, Statistics, Physics, Economics, or Financial Engineering.
• 5+ years of experience in quantitative analysis, financial modeling, or risk management within the financial services industry.
• Strong understanding of financial markets, products, and risk management principles.
• Proficiency in statistical programming languages such as Python (with libraries like NumPy, SciPy, Pandas), R, or MATLAB.
• Experience with SQL and database management.
• Knowledge of regulatory frameworks affecting financial institutions.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex findings effectively.
• Ability to work independently and collaboratively in a hybrid work environment.

• Developing, testing, and implementing quantitative models for risk measurement, pricing, and valuation of financial instruments.
• Validating existing models to ensure accuracy, robustness, and compliance with regulatory standards (e.g., Basel III/IV).
• Performing stress testing and scenario analysis to assess the impact of adverse market conditions on the institution's risk profile.
• Utilizing statistical software and programming languages (e.g., Python, R, C++) to implement and automate model calculations.
• Collaborating with front-office, risk, compliance, and IT teams to integrate models into business processes and systems.
• Producing clear and concise documentation for model methodologies, assumptions, and limitations.
• Monitoring model performance and conducting periodic reviews to identify any degradation or required recalibration.
• Keeping abreast of regulatory changes and industry best practices in quantitative finance and risk management.
• Assisting in the development of reporting tools and dashboards for risk oversight.
• Providing expert advice and support on quantitative issues to senior management.

• Develop, test, and implement quantitative models for pricing complex financial derivatives, assessing market risk, and calculating regulatory capital.
• Validate existing models to ensure accuracy, robustness, and compliance with internal policies and external regulations.
• Analyze large and complex datasets to identify trends, patterns, and potential risks.
• Collaborate with traders, portfolio managers, and risk managers to understand their needs and provide analytical support.
• Contribute to the design and implementation of risk management frameworks and strategies.
• Produce clear and concise documentation of models, methodologies, and results.
• Stay abreast of the latest developments in quantitative finance, financial modeling techniques, and regulatory requirements.
• Automate data analysis and reporting processes using programming languages and tools.
• Present findings and recommendations to senior management and relevant committees.
• Participate in the development and enhancement of risk management systems.
• Engage in ongoing professional development to maintain expertise in a rapidly evolving field.
• Effectively communicate complex quantitative concepts to both technical and non-technical audiences in a remote setting.

• Master's or Ph.D. in Mathematics, Statistics, Physics, Economics, Financial Engineering, or a related quantitative field.
• Minimum of 5 years of experience in quantitative analysis, financial modeling, or risk management within the financial services industry.
• Strong programming skills in languages such as Python, R, C++, or Java, with experience in relevant libraries (e.g., NumPy, Pandas, SciPy).
• In-depth knowledge of financial markets, instruments, and valuation methodologies.
• Experience with risk management frameworks (e.g., Basel III, Solvency II) and statistical modeling techniques.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proven ability to work independently and collaboratively in a fully remote, fast-paced environment.
• Strong written and verbal communication skills.
• Experience with data visualization tools is a plus.

Your new company
Global (Re)insurer (confidential)

Your new role
The role sits within the Risk & Compliance function and reports directly to the CRO, where you'll oversee the effective operation of the company's management of key financial risks relating to capital, liquidity, reserves/technical provisions, investments, pricing, reinsurance etc.

What you'll need to succeed
It's a great fit for someone with ideally 5+ years' work experience, from an actuarial background, who's looking to step into a strategic leadership role with real influence across the business.

Previous knowledge of financial risk management methods and principles is essential, but they are flexible regarding the candidate's background, so they could be from either a non-life or life background.

What you'll get in return
They can offer a competitive base salary of up to c. £85k (DoE) with excellent benefits and bonus.
Flexible working options available.

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.

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Salary - Open to discussion

Location - London

Hybrid - 3 days per week

Lutine Bell are currently supporting a well-established Global Insurance firm based in London to appoint a Financial Risk Manager.

Key Responsibilities:

• Strategic Risk Leadership : Support and deputise for the CRO, shape the risk management strategy, and deliver the annual risk plan.
• Governance & Oversight : Represent risk at key committees and oversee the management of financial risks (capital, liquidity, reserves, pricing, investments, reinsurance).
• Provide Oversight & Challenge of the company’s underwriting portfolio, business plans, balance sheet, investment portfolio, and Solvency II (standard formula) SCR calculation.
• Risk Appetite & Frameworks : Lead on setting, cascading, and monitoring risk appetite; ensure effective enterprise risk management practices.
• Advisory & Culture: Provide guidance, training, and leadership across the business, embedding risk awareness and supporting special projects.

Requirements:

• At least 4 years’ work experience of finance, actuarial, risk management or related work in general insurance market
• Broad finance, actuarial, or risk management background who is familiar with the day-to-day operations of an Insurance company
• Good understanding of financial risk management methods and principles
• Good knowledge of the requirements of Solvency II and capital modelling
• Bachelor's degree or above in finance, economics, risk management, actuarial or related fields