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Market Risk Manager

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Revolut

12d ago

  • Job
    Full-time
    Mid Level
  • Data
    Banking & Finance
  • Liverpool, +12
    Remote

AI generated summary

  • You need 3+ years in market risk, a strong grasp of global markets, banking regulations, IRRBB management, a top-tier STEM degree, problem-solving skills, and a passion for data impact.
  • You will develop risk frameworks, ensure effective interest rate risk management, monitor compliance with limits, investigate breaches, and maintain risk models for IRRBB.

Requirements

  • 3+ years of experience in market risk or related role, preferably in a global firm with centralised risk governance of subsidiaries
  • A broad understanding of global financial markets and products
  • An excellent understanding of banking regulations applicable to IRRBB and traded market risk
  • Knowledge of techniques to measure and manage interest rate risks arising from non-trading activities (IRRBB)
  • At least a 2:1 degree in a STEM subject from a top university
  • The ability to break complex problems into smaller ones and to enjoy working with data
  • Natural curiosity and an interest in making an impact

Responsibilities

  • Supporting the development of the risk management framework for IRRBB
  • Ensuring treasury interest rate risk is appropriately identified, measured, and managed
  • Developing and maintaining an appropriate IRRBB risk limit framework, and monitoring compliance
  • Investigating and escalating limit breaches
  • Supporting risk’s contribution to IRRBB for the Group ICAAP and ILAAP
  • Developing and maintaining interest rate risk models

FAQs

What is the main responsibility of the Market Risk Manager at Revolut?

The main responsibility of the Market Risk Manager is to specialize in the management of interest rate risk in the banking book, ensuring that treasury interest rate risk is properly identified, measured, and managed.

What qualifications are required for the Market Risk Manager position?

The position requires at least a 2:1 degree in a STEM subject from a top university and 3+ years of experience in market risk or a related role.

Is prior experience in a global firm necessary for this role?

Yes, it is preferable for candidates to have experience in a global firm with centralized risk governance of subsidiaries.

What skills are essential for the Market Risk Manager?

Essential skills include a broad understanding of global financial markets and products, knowledge of banking regulations applicable to IRRBB, and the ability to work with data and break complex problems into smaller parts.

Are programming skills necessary for this role?

While not mandatory, experience with SQL, Python, or other scripting languages is considered a nice to have for this position.

What kind of team culture can a new hire expect at Revolut?

A new hire can expect a multicultural, hard-working team that values diversity and inclusiveness and seeks to create exceptional and innovative products and services.

How does Revolut handle job application scams?

Revolut advises candidates to only apply through official channels, to verify email communications from official Revolut addresses, and to report any requests for payment or personal information during the hiring process as scams.

How does Revolut promote diversity and inclusion?

Revolut has launched a D&I Framework in 2021 to foster diverse talent and create an inclusive workplace, believing that this approach significantly contributes to their capability to create innovative products and services.

What is the role of the Risk team at Revolut?

The Risk team works across functions, products, and regions to monitor front-line performance and ensure that the business operates on a stable and secure foundation.

Is there an opportunity to progress within the company for the Market Risk Manager role?

Yes, as Revolut continues to grow and expand its operations, there are opportunities for career advancement and progression within the company.

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Revolut

One app, all things money

Finance
Industry
1001-5000
Employees
2015
Founded Year

Mission & Purpose

We are building the world’s first truly global financial superapp. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, our 15 million customers around the world use dozens of Revolut’s innovative products to make more than 100 million transactions a month. Across our personal and business accounts, we help customers improve their financial health, give them more control, and connect people seamlessly across the world.

Culture & Values

  • Get It Done

    Revoluters always push through!
 We stopped listening to excuses a long time ago - we care about results. We believe that grit, determination, skill, smartness, and courage can break through almost any wall.

  • Deliver WOW

    We love building great products, we love delighting our customers, we love turning the complexity of a chaotic world into the simplicity of a beautiful solution that truly solves customer needs.

  • Dream Team

    We select, coach, and retain the top talent only and give them all the support to achieve greatness

  • Never Settle

    Revolut is for those who always strive for excellence, for those who want to become the best in the world at what they do, for those who would never settle for less. Revolut is for 10x people.

  • Think Deeper

    Logic, reason, and common sense prevail over everything else in decision making at Revolut. We are open-minded, we listen, and we are always in search of the truth.

Benefits

  • Financial benefits that show we value your work

  • Medical insurance for you and your close ones

  • Flexibility to work from home, the office or abroad

  • A complimentary Revolut Metal subscription loaded with perks

  • Exciting events year-round so you can get to know your team