VP - Regulatory Risk Framework Development - FRTB Analysis - Tier One Investment Bank - LondonDATE16 JunLOCATIONLondonCOMPENSATIONCompetitiveKEY SKILLSDESCRIPTIONSUMMARYFollowing new global regulations, a leading investment bank is in need of a VP risk framework expert to manage the group's transition from Basel 2.5/3 framework to an updated framework, including Fundamental Review of Trading Book (FRTB), for market risk and capital management purposes. This specialist will be the SME on this new framework and will be responsible for explaining and implementing any changes in capital requirements given this new framework. This expansionary hire is outward facing and is considered highly valuable to senior management.JOB DESCRIPTION
• Managing the build out and development the FRTB capital calculation team
• Explaining any changes in capital requirements resulting from changes on the trading book
• Introducing a new standard rules calculation
• Leading discussions with regulators while representing the bank
• Work closely with stakeholders (risk managers, methodology, project managers) to the best strategic approach to implementing prototype calculationsIDEAL CANDIDATE
• 5 years of experience within Market Risk or Product Control, cross-asset classes
• Expert in VAR methodology, preferably with internal models and standard rules
• Previous management skills required preferred
• MSc or PHD, ideally from a quantitative background (finance, economics, statistics)This is an expansionary hire and as such, the group is looking to interview right away. This group is willing to look at candidates from BAU and Controller background.