Head of Options Risk - London, Madrid, Malaga
This is a hybrid role with four days working in the office and one day working from home.
The Head of Options Risk will monitor, analyse and report on credit and liquidity risk arising from FX option structures entered by our SME clients from all over the world. They will report both to the Head of Treasury and the Chief Financial Risk Officer, who oversee the twin credit and liquidity risks. They will also be expected to proactively contribute to option related risk systems and processes design and product development.
Oversees the FX options risk management program;
Develops, implements, and maintains risk management tools for FX options;
Monitors and reports the company's foreign exchange exposure;
Ensures the effectiveness of the company's FX options risk management strategies;
Works closely with credit risk, trading, sales, and quantitative teams to understand and mitigate risks;
Conducts scenario analyses and stress testing on FX options portfolio;
Develops risk models and systems for the ongoing monitoring and management of risks;
Provides risk management guidance to senior management and board of directors.
Required Skills and Qualifications:
5-10 years experience in financial roles, ideally market-facing;
Knowledge of and experience in options and structured products, FX markets preferred but not essential;
Risk management background also preferred but not essential, we will also consider product developers;
Understanding of corporate credit is a big plus but not an absolute requirement;
Flexible location: London, Madrid or Malaga.