Head of Market Risk

Wise

Wise

London, UK
Posted on Oct 17, 2024

Company Description

Wise is a global technology company, building the best way to move and manage the world’s money. Min fees. Max ease. Full speed.

Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their life easier and save them money.

As part of our team, you will be helping us create an entirely new network for the world's money. For everyone, everywhere.

More about our mission.


Job Description

YOU’LL CONTRIBUTE TO THE MISSION BY

  • Enhancing our FX hedging strategies underpinned by customer behaviour models across a multi-region portfolio of products and currencies, including many exotics

  • Optimising the risk / return profile of Wise and client safeguarded assets across multiple markets within the constraints of group and local regulatory environments, the internal risk appetite and available capital

  • Combining your risk management expertise and commercial awareness to find the best answer for the customer and have tangible impact on:

    • Product pricing

    • Optimising the scalability of market risk capital

    • Setting up risk appetite metrics and limits.

WHAT YOU’LL BE DOING

  • Leading the 2LOD market risk oversight of our Treasury Markets desk, promoting risk discussion on the trading floor, and building best practice within the team

  • Maintain and share a strong knowledge of client flows, own hedging strategies, safeguarding requirements, and keep abreast of developments in the FX and IR markets and the potential impact on risk and portfolios

  • Partnering with Product and Treasury teams to design controls in tandem with customer propositions

  • Developing a 2LOD reporting & analytics suite enabling real time understanding of our risk posture - with delivery supported by Risk Analytics

  • Improving methodologies and stress testing - with delivery supported by Data Scientists

  • Improving Group and Region specific Market Risk Policies - with delivery supported by a Risk Policy specialist


Qualifications

WHAT YOU’LL BRING

  • Excellent knowledge of Risk management methods and techniques, including at a minimum VaR/sVAR, and EVT/ES (PFE, option pricing, behavioural models: desirable)

  • A good understanding of FX market fundamentals and traded instruments such as IR

  • Experience with regulatory requirements such as Basel 2.5 & Basel 3.1

  • Strong Interpersonal skills that enable you to effectively form trusted relationships with business unit management teams but at the same time retain an ability to challenge with empathy and understanding.Excellent attention to detail and problem-solving skills

  • Confident, resilient, with a presence and a determination to succeed in a dynamic and demanding business environment

NICE TO HAVE BUT NOT ESSENTIAL

  • Practical experience with Power BI / Python / SQL

  • An understanding of IFRS9 and economic vs capital impact of accounting choices for fixed income products

  • An understanding of crisis management and business continuity plans to ensure organisational resilience

  • Degree in Maths, Physics, Statistics, or a related field


Additional Information

#LI-CH1

For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.

We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.

If you want to find out more about what it's like to work at Wise visit Wise.Jobs.

Keep up to date with life at Wise by following us on LinkedIn and Instagram.