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The Role
Purpose:
- NAB’s global network supports NAB’s Corporate and Institutional Bank (CIB) customers. The London-based Market Risk team supports the delivery of NAB’s second line risk oversight within the CIB Division. The London team provides full market risk and balance sheet and liquidity risk coverage of NAB’s business activities located in London Branch. Principal lines of business are Markets (Sales and Trading), Treasury (funding and liquidity), and Corporate Finance activities in the primary markets.
- In addition, London Market Risk provides support to NAB’s European subsidiary.
- This role requires a market risk professional, working in a team of six professionals, to provide independent review and challenge, and advice and guidance, to these businesses. You will have a challenging role in assessing the quality and effectiveness of risk management in the business and identifying opportunities for improvement.
Core Responsibilities:
- Perform risk oversight on Treasury, Corporate Finance and traded Markets desks.
- Provide independent review and challenge of business activities.
- Provide advice and guidance to Markets, Treasury and Corporate Finance.
- Review new products/activities ensuring market and liquidity risk requirements are met.
- Assess Market Risk Limit requests, supporting or not in line with NAB risk appetite.
- Support Market and Balance Sheet and Liquidity Risk policies in London Branch.
- Undertake Market Risk and Liquidity Risk reporting in London Branch.
- Processing of Key Risk Indicators triggered.
- Annual Desk Reviews.
Success:
- Work with business areas to ensure that CIB’s strategy of delivering leading customer advocacy, winning in core markets, being simple, and being fast and resilient are delivered.
- Being a customer-centric colleague able to connect day-to-day responsibilities to the external customer.
- Articulate and control risk appetite, provide value-adding insight and oversight and challenge business activities, saying no when such a decision is warranted.
- Maintaining the independence of the Market Risk function and ensuring the "Risk Management Accountability Model" discipline is adhered to.
- Keeping abreast of regulatory, market and business specific developments and maintaining a contemporary understanding of best practice in risk management.
- Deep dive review and insight into specific desk position or market moves. analysis of exposures, explaining positions and movements in market risk and liquidity risk metrics.
- Monitor trading activity throughout the day reviewing the impact on positions against limits and to look for any unusual activity.
- Analyse data, solve problems, resolve queries, provide regular and ad-hoc reporting requests, resolve data integrity issues, process breaches, calibrate limits, provide detailed insights and produce London Branch liquidity reporting including regulatory reporting if necessary.
- Create or amend limit structures, discuss business requirements in relation to market risk and balance sheet and liquidity risks, analyse current limit structure and methodology and implement any changes.
- Contribution towards projects involving IRRBB and FXRBB risk management.
- Maintain close and effective working relationships with business units and risk teams.
- A keen interest in financial markets, geopolitical trends, economic policy, and impacts will allow for further success in the role.
KPI’s:
- You will set performance goals each year in conjunction with your People Leader (Head of Market Risk Europe).
- Success will be measured through:
- regular performance conversations and assessment of achievement of goals
- departmental metrics on key risk indicators
- feedback from stakeholders and Risk management.
The Person
Critical Experiences:
- Successfully delivering market risk or liquidity risk regulatory change.
- Dealing with ambiguity in a rapidly changing environment.
- Effective management and influencing of stakeholders.
- Providing independent review and challenge of trading activities.
Qualifications:
- Degree and/or post-graduate qualification in a relevant subject, e.g. finance, accounting, economics.
- While not required, risk qualification, PRM (PRMIA) or FRM (GARP) would be beneficial.
Core Skills & Capabilities required:
Behavioural Competencies:
- You will have a track record of demonstrating behaviours in line with NAB’s Who We Are behaviours: We are Customer Obsessed; We Keep it Simple; We Move with Speed; We Own It; We Win Together.
- You are an effective communicator, both orally and in writing.
- You can work autonomously and confidently, with a focus on achieving deadlines and producing high-quality workpapers, insights and reports.
- You are flexible and adaptable to continuous change and are a strong team player.
- You are a pro-active, customer focussed colleague able to positively influence and lead colleagues from within a team.
Technical Skills:
- Significant experience of market risk and liquidity risk management in a financial services environment (minimum 5 years).
- High-level of understanding of key global market risk and liquidity risk regulations applied to the financial services industry.
- Good knowledge and understanding of market risk and liquidity practices and of general risk management principles.
- Working knowledge of key wholesale markets products, particularly bonds, repo, loans, and interest rate derivatives.
- Demonstrated capability for identification, assessment, and evaluation of risk.
- Strong Excel skills, including working knowledge of VBA.
- Coding skills and/or electronic and Algorithmic trading knowledge would be beneficial.
It’s more than a career at NAB. It’s about more opportunity, more moments to make a difference and more focus on you.
Your job is just one part of your life. When you bring your ideas, energy, and hunger for growth to us, you’ll be recognised and rewarded for your contribution in return. You’ll have our support to excel for our customers, deliver positive change for our communities and grow your career.
It’s a good time to see what more you can find at NAB as a Associate Director, Market Risk Oversight.
A diverse and inclusive workplace works better for everyone.
At NAB, we’re intent on building a culture we can all be proud of. One based on trust and respect. An uplifting environment where every single one of us feels appreciated and empowered to be our true, authentic selves. A diverse and inclusive workplace where our differences are celebrated, and our contributions are valued. It’s a huge part of what makes NAB such a special place to be.
Join NAB
If you think this role is the right fit for you, we invite you to apply.
To be eligible to apply, you must have UK citizenship or UK working rights.
Please note unsolicited CVs from agencies will not be accepted.
