Director, Market Risk - FX Options & Rates Derivatives - #2147145

Robert Walters


Date: 2 weeks ago
City: London
Salary: £150,000 - £180,000 / year
Contract type: Full time
Robert Walters

Robert Walters is working exclusively with a leading international banking organisation to appoint a Director within its EMEA Market Risk function.

Director, Market Risk - FX Options & Rates Derivatives

London | Permanent | Competitive salary and bonus

Robert Walters is working exclusively with a leading international banking organisation to appoint a Director within its EMEA Market Risk function.

This is a senior, highly technical second-line Market Risk appointment with responsibility for independent oversight of an FX Options franchise-including vanilla and exotic products-alongside material coverage of fixed-income and interest-rate derivatives.

The role
  • Provide end-to-end independent Market Risk oversight across FX, FX Options and fixed-income derivatives trading portfolios.

  • Cover spot FX, forwards, vanilla options and exotic structures, including barriers, digitals, Asians, lookbacks, quantos and volatility-linked products.

  • Oversee rates and fixed-income derivatives risk, including interest-rate swaps, OIS and basis swaps, cross-currency swaps, inflation products, swaptions and structured rates transactions.

  • Design and lead bespoke stress-testing and reverse-stress-testing analysis across FX and rates derivatives, including cross-asset scenarios, volatility shocks, yield-curve movements, liquidity events and correlation breakdowns.

  • Support FRTB analysis, including Internal Models Approach, Standardised Approach for Trading Book, Expected Shortfall and associated regulatory-capital considerations.

  • Develop and enhance risk analytics and P&L-explain tools, using Python where appropriate.

Candidate profile
  • Extensive Market Risk experience gained within an investment bank or comparable trading environment.

  • Deep FX Options expertise, including genuine exposure to exotic-option risk and volatility-surface dynamics.

  • Strong working knowledge of interest-rate and fixed-income derivatives risk, ideally including cross-currency, inflation and swaption exposure.

  • Experience of FRTB and trading-book market-risk capital frameworks.

  • Strong Python capability for risk analytics, stress testing or P&L explain; Murex exposure would be beneficial.

If you meet the above set criteria, please apply or send a copy of your CV to

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates

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