Mandarin speaking Market Risk Manager

To see more Chinese jobs please follow us on WeChat: teamchinapf AND pfteamchina

Ref: 23373

The Skills You'll Need: Fluent in Mandarin and English, with Market Risk experience across relevant products (e.g. FX, interest rate products, repos, fixed income and derivatives).

Your New Salary: Competitive depending on experience

Location: Central London

Job Status: Permanent, office based

Market Risk Manager - Summary:

The Market Risk Manager is responsible for overseeing, measuring, and reporting the market risk arising the branch’s trading and banking book activities.

This role ensures that the branch operates within its risk appetite and complies with UK regulatory expectations, including PRA Rulebook requirements, FCA Handbook obligations, and relevant supervisory statements for third-country branches.

The role combines hands-on risk analysis with governance, oversight and challenge. It requires strong technical expertise, sound judgement, and the ability to engage credibly with senior management, traders and head office.

Market Risk Manager - What You'll be Doing Each Day:

• Monitor, measure and report market risk exposures across all relevant products (e.g., FX, interest rate products, repos, fixed income and derivatives).
• Ensure adherence to risk limits, triggers, and escalation procedures defined by the Head Office and the branch.
• Perform daily risk analysis including VaR, sensitivities, stress testing, scenario analysis, and limit utilisation.
• Responsible for modelling and monitoring of IRRBB and transaction FX risk.
• Identify emerging risks and propose enhancements to risk measurement methodologies.
• Support the branch’s stress testing and scenario design.
• Prepare materials for GM, CRO, Risk Committee and ALCO, and senior management meetings.
• Contribute to regulatory submissions and respond to queries related to market risk.
• Ensure compliance with SMCR responsibilities applicable to the role.
• Develop, maintain and implement market risk policies, procedures, and control standards.
• Provide independent challenge to the Front Office on pricing, valuation, and risk-taking activities.
• Oversee model governance for market risk models used by the branch, including VaR, IRRBB, sensitivities, and stress testing frameworks.
• Support validation of pricing models and valuation adjustments.
• Produce daily, weekly, monthly and quarterly market risk reporting for branch management and Head Office.
• Analyse drivers and ensure alignment between risk measures and actual trading outcomes.
• Monitor market developments and assess their impact on the branch’s market risk profile.
• Act as the primary point of contact for market risk matters within the branch.
• Work closely with branch Front Office, Finance, Compliance and Internal Audit, and Head Office.
• Liaise with Head Office risk teams to ensure consistent application of risk standards.
• Lead and contribute to ad-hoc risk management initiatives and projects.
• Other activities assigned by the GM, CRO or Head of Risk Management.

Market Risk Manager - The Skills You'll Need to Succeed:

• Excellent verbal and written communication and presentation skills in Mandarin and English.
• University degree in Finance, Economic, Mathematics, Engineering, or related field with at least 4 years experience in market risk management and/or trading functions at a UK bank, ideally within a branch or an international banking environment.
• MBA, CFA and/or industry certifications are desirable.
• Strong understanding of market risk measurement techniques (VaR, IRRBB, sensitivities, stress testing).
• Solid knowledge of fixed income markets, FX, derivatives pricing and risk modelling.
• Experience with risk systems (e.g., Murex, Bloomberg, Risk Metrics) and strong Excel/Python skills.
• Familiarity with UK regulatory frameworks for third-country branches is a plus.
• Strong analytical and problem-solving skills. Ability to challenge constructively and maintain independence.
• High level of integrity and sound judgement consistent with SMCR expectation.

Please view all our Team China jobs at people-first-recruitment

Please follow us on Linkedin: people-first-team-china

We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

People First is committed to increasing diversity, and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, marital status or whether or not they have a disability.

People First (Recruitment) Limited acts as an employment agency for permanent and fixed term contract recruitment and as an employment business for the supply of temporary workers. Please note that by applying for this job you accept our Terms of Use and Privacy Policy which can be found on our website.