Front Office Market Risk Manage r– FX Options

Salary	£80000 - £110000 per annum + bonus + benefits
Sector	Banking
Location	Central/West End (London)
Date Posted	14/11/2008

• Front office market risk position working on the FX trading desk.
• Responsibility for the daily oversight of the trading desk.
• Position would suit an individual with excellent options knowledge.

Based on the trading floor with a particular focus on the interest foreign exchange (FX) trading desk. Reporting to the Global Head of Front Office Market Risk this role will see you analysing risk and working with the trading desks to create and monitor a suitable limit structure. You will need to be able to analyse market movements and understand how this will impact the risks held by the desks.

You will be responsible for intraday position monitoring, the daily oversight of VAR, monitoring trades against limits and positions (working closely with Traders) and creation of limit structures. You will also analyse the current structure and methodology. A further aspect of the role will involve project managing the requirements of new products and the delegation of work to Analysts and graduates.

You will ideally have a trading background and possess an understanding of market risk management. You will have knowledge of foreign exchange option products. It would be ideal if you had worked as a Trader in an earlier role.