Front Office Risk Manager – First Line Risk

Overview

In this Front Office Risk Manager role, you will oversee day-to-day risk management for a derivatives-focused business within a leading markets infrastructure firm. You’ll operate close to senior management to balance robust risk governance with commercial needs. The role involves model enhancement, risk infrastructure development, and collaboration with stakeholders on complex risk issues. You will shape risk methodologies and governance while ensuring regulatory alignment in a fast-moving environment. This is a high-impact opportunity to influence front-line risk in a globally connected market setting.

Responsibilities

• Oversee and enhance day-to-day risk management for a derivatives-focused business
• Identify opportunities to improve risk models, processes, controls, and infrastructure
• Lead projects to design and implement enhancements to risk methodologies, systems, tools, and processes
• Collaborate with senior management, risk committees, and external counterparties
• Ensure alignment of risk framework with regulations, internal standards, and best practice
• Monitor risk model performance including backtesting and stress testing
• Conduct quantitative analysis to calibrate and enhance risk models
• Develop risk policies, methodologies, and governance materials
• Prepare documentation and presentations for senior stakeholders, regulators, and external participants
• Conduct thematic research on market risk topics, events, and new products
• Support development of new risk initiatives while maintaining controls
• Mentor analysts and foster a strong first-line risk culture

Key requirements

• Front office risk, market risk, trading, or risk management experience in investment banks, hedge funds, clearing houses, exchanges, or similar environments
• Strong understanding of derivatives across asset classes (commodities, interest rates, equities, futures/options)
• Experience applying market risk models and techniques (VaR, stress testing, backtesting, liquidity risk, margin methodologies)
• Ability to analyse complex risk problems and deliver practical solutions
• Experience contributing to model, methodology, infrastructure, or process enhancements
• Strong written and verbal communication for senior stakeholders
• Ability to work independently and in teams
• Attention to detail, commercial judgement, problem-solving ability

• Commercially aware
• Confident in stakeholder engagement
• Constructive challenger and influencer
• Derivatives knowledge across asset classes
• Risk modelling techniques (VaR, stress testing, backtesting, liquidity)
• Model performance monitoring

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