Job Description
Market Risk SME
3 days on site
Initial 6 month project
emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.
We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.
We are seeking a highly experienced Market Risk Subject Matter Expert (SME) to support key risk transformation and regulatory initiatives within a leading financial institution. The successful consultant will bring deep functional knowledge of Market Risk, strong quantitative and regulatory understanding, and hands-on experience working with trading, risk, and technology functions to shape and deliver complex change.
This is a delivery-focused, senior SME role suited to individuals who can bridge business, data, and technology - providing domain leadership and practical solutions across market risk functions.
Key Responsibilities
Act as the lead Market Risk SME, advising on methodology, controls, reporting, and system design across multiple risk workstreams.
Provide expert guidance on risk models and calculations, including sensitivities, VaR, stress testing, P&L explain, and backtesting.
Partner with risk, finance, and Front Office stakeholders to interpret regulatory requirements (eg FRTB, Basel III/IV, BCBS 239) and define their business and technical implications.
Drive the design and implementation of market risk data architecture, ensuring consistency, transparency, and regulatory compliance.
Review and validate risk data flows and aggregation processes, identifying gaps and recommending enhancements.
Oversee risk reporting enhancements and ensure outputs meet governance, regulatory, and internal management expectations.
Advise on data quality controls, data lineage, and integration across trading and risk platforms.
Support programme governance, risk model reviews, and route-to-live readiness, ensuring robust delivery and sign-off.
Collaborate with cross-functional teams to shape the target operating model for market risk.
Required Expertise
Extensive experience (10+ years) in Market Risk within Tier 1 banks, financial institutions, or consulting environments.
Deep understanding of risk methodologies (VaR, sensitivities, stress testing, capital, and backtesting).
Proven track record delivering on regulatory programmes such as FRTB, Basel III/IV, BCBS 239, or risk data transformation.
Strong knowledge of risk systems, data models, and reporting frameworks.
Proficiency in SQL, Excel, and data visualization tools (Power BI, Tableau) for validation and analysis.
Exceptional communication and stakeholder engagement skills, able to influence senior leadership and drive decision-making.
Experience working in Agile and hybrid delivery environments
Understanding of Credit Risk and its integration with Market Risk frameworks.
Familiarity with trading and product control processes across asset classes.
Knowledge of risk data platforms, trade repositories, and model governance.
Awareness of AI and automation opportunities in risk data and reporting.
Strong understanding of change management and business process optimisation.
Interested?
At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.
If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.
emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin
