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Market & Liquidity Risk Manager

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Location: London, United Kingdom

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Description

Who We Are   
 
Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil!   
 
With our extremely rare single IBAN multi-currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers.   
 
It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer’s diverse business needs and reduce their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry.  
 
With 600+ employees, Moneycorp prides itself in attracting some of the world’s top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. To find out more about our journey click here.   
 
Who You Are / Your Next Challenge 
 
We’re seeking a Market & Liquidity Risk Manager who will play a key role in Moneycorp’s Treasury function, focusing on the development, implementation, and monitoring of market risk models (PfE & VaR) that support liquidity risk assessment, exposure management, and stress testing for complex FX products. This position requires a candidate with strong analytical skills, market risk expertise, and experience in FX and derivatives to support effective risk mitigation and contribute to informed decision-making. The Manager will need to work with Treasury, Credit, and Regulatory Finance colleagues to design and implement these models successfully.  They will need excellent communication skills to explain their work to non-specialist stakeholders in the organisation. 
 
What we’re looking for:
 
Stress Testing and Scenario Analysis
  • Design, enhance, and implement stress-test models to assess liquidity risk under various scenarios, simulating potential market shifts, client non-payment scenarios, and fluctuations in bank hedge margin requirements
Liquidity and Exposure Management
  • Develop tools to measure liquidity risks associated with margin mismatches between clients and banks, focusing on daily monitoring and alerting for risk exposures that could impact cash flow or capital requirements.
Value-at-Risk (VaR) and PfE Modeling
  • Calculate Value-at-Risk (VaR), potential future exposure (PfE), and other risk measures to assess market risk hedging and client positions and potential impacts on liquidity. Ensure alignment with internal risk limits and external regulatory
Portfolio Analysis and Risk Assessment
  • Evaluate new trades and product proposals, conducting detailed impact assessments in the context of the existing portfolio and risk appetite framework. Collaborate with the business to optimize trades within risk constraints.
Reporting and Monitoring
  • Produce regular risk reports for senior management, detailing exposure metrics, stress test results, and potential liquidity strain indicators. Escalate any breaches of internal risk thresholds and contribute to risk review meetings
Model Validation and Improvement
  • Regularly validate and back-test risk models to ensure accuracy and responsiveness to market conditions. Collaborate with other risk and quantitative teams to enhance model robustness and regulatory compliance.
Knowledge and Experience
  • 3-10 years of experience in market risk, liquidity risk, or a related role in the financial services sector, with a focus on FX and derivatives. Experience in matched brokerage or a similar environment is a strong plus
  • Knowledge of MIFID, Payment Services Regulations including e-money is an advantage.
  • Strong grasp of process treasury design, re-engineering and automation.
  • Experience of working in a treasury with multiple entities, locations, banks, payment rails and currencies.
 Skills:
  • Proficient in market risk methodologies including Value-at-Risk (VaR), potential future exposure (PfE), and stress testing.
  • Strong understanding of FX options, derivatives, and market dynamics in FX and interest rate environments.
  • Familiarity with risk measurement tools and software (e.g., Bloomberg, Reuters, or proprietary risk systems).
  • Proficiency in programming languages such as Python, R, or SQL for model development and data analysis is highly desirable.
Education:
  • BSc, BA, or higher. Professional qualifications such as CFA or equivalent are advantageous
Languages:
  • English
Personal Attributes:
  • Analytical and Problem-Solving Skills: Ability to design and analyse complex risk scenarios, draw insights, and communicate findings effectively. Demonstrate experience in interpreting large datasets to provide strategic insights.
  • Communication and Collaboration: Strong verbal and written communication skills, with the ability to present complex information clearly to stakeholders. Experience working collaboratively with cross-functional teams, including treasury, trading, and senior management.
  • Attention to Detail and Accuracy: High level of attention to detail and a commitment to accuracy in reporting, model validation, and risk analysis.
  • Risk Awareness: In-depth understanding of liquidity and market risks, particularly as they pertain to margin mismatches and FX brokerage.
  • Strategic Thinking: Ability to align risk assessment practices with broader business strategy, contributing to informed decision-making and proactive risk management. 
  • Adaptability and Innovation: Comfortable working in a dynamic, fast-paced environment, with a proactive approach to enhancing risk models and reporting processes.
The successful candidate will be part of a dynamic team and work in a fast-paced environment, catering to a diverse mix of stakeholders with varying needs. Therefore, the ideal candidate should be a self-starter, as there is an opportunity to make an immediate and tangible contribution to the business.     
 
Please note: This is a full-time, permanent position with an opportunity to work hybrid within the Finance team based in our London office.  
   
What you get in return:    
This role offers a competitive salary, plus a benefits package including private medical health insurance.
    
Interested?    
If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button.    
Start date: ASAP 
  
For company news, announcements and market insights, visit our News Hub.    
You can also find Moneycorp on FacebookTwitter UKTwitter AmericasInstagramLinkedIn, where you can discover how we are leading the way in global payments and currency risk management.  
  
Diversity and Inclusion     
Moneycorp is proud to be an Equal Opportunity employer. Across our Group, Moneycorp maintains a philosophy that an inclusive company culture inspires creativity, fosters a sense of belonging, and is imperative to both personal and professional growth. With a makeup of 47 percent female employees, Moneycorp has a remarkably diverse workforce. Our commitment to inclusion and opportunity continues to evolve and improve as we listen and engage with our diverse teams.    
    
All qualified applicants will receive consideration for employment without regard to age, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, political affiliation, status as an individual with a physical or mental disability status as an individual with a protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.    
    
Moneycorp believes that diversity is critical to our success in helping Corporate and Private Clients with their FX and International Payments requirements across the world and is committed to creating an inclusive, mutually respectful environment which celebrates diversity. We hire on the basis of talent, merit, competence, performance, and business needs.    
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