Manager, Rates/CMF, Trade Floor Risk Management

Overview

In this role you will oversee market risk for the Rates desk as part of Trade Floor Risk Management and Global Risk Management. You will act as the London-based risk contact, ensuring risk measures align with appetite, and that P&L, VaR, and stress results accurately reflect desk activity. You will partner with Product Control and other control functions to improve risk reporting and limit structures, supporting a compliant, high-performing risk culture. This is an opportunity to impact risk decisions in a major bank while working cross-functionally in a dynamic environment.

Pay / Benefits

• diversity, equity, inclusion & allyship
• accessible workplace accommodations
• upskilling through online courses and cross-functional development
• tuition assistance
• competitive rewards program
• bonus and flexible vacation

Responsibilities

• Identify and assess market risks in the Rates business and ensure alignment with risk appetite and business mandate
• Monitor reported daily P&L for risk and valuation issues and collaborate on P&L attribution
• Ensure VaR and Stress Test results reflect desk risk; conduct desk-level investigations
• Validate portfolio valuations and document valuation processes
• Prepare analyses and recommendations on new products and risk limit structures for governance committees
• Perform daily limit monitoring to ensure regulatory compliance (MiFID II and OSFI)
• Enhance reporting with other control functions (Technology, Market Risk Operations, Analytics)
• Collaborate with Trading Desk, Product Control, Operations, and global Risk Management teams across locations
• Maintain awareness of risk culture in day-to-day activities and ensure adequate controls across operational, regulatory, AML/ATF, and conduct risk frameworks
• Contribute to a high-performance, inclusive team environment aligned with the bank’s strategies

Key requirements

• strong knowledge of fixed income and rates products (bonds, swaps, inflation & vol products, e-trading/algo)
• good understanding of risk metrics (sensitivities, VaR)
• experience in Risk Management within financial services
• strong numerical and computational skills (Python, GenAI, Bloomberg API, MS apps)
• excellent interpersonal and communication skills
• ability to work in a fast-paced environment with multiple priorities

• excellent interpersonal and communication skills
• ability to work in a fast-paced environment with multiple priorities
• collaboration and cross-functional partnership
• Python
• GenAI
• Bloomberg API

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