Western Asset

Returning Candidate?

Portfolio Risk Manager

Portfolio Risk Manager

Location 
UK-London
Category 
Risk Management

Overview

The individual will be an integral part of the Risk Management team in London that covers all investment risk issues arising from London office’s activities. The team oversees a wide range of fixed income portfolios including Global Core and Core Plus, European Core Plus, UK Core Plus, Global Credit, Global High Yield, Global Multi Sector and Global Total Return accounts.  


The Risk Manager will report to the Head of EMEA Risk Management, who in turn reports to the Head of International Risk Management.

Responsibilities

  • Be responsible for the risk management of a group of London-managed fixed income portfolios.
  • Be responsible for developing, testing and maintaining risk models of European securities for WA proprietary risk system.
  • Prepare original risk analyses on portfolios and markets.
  • Use risk systems to simulate impact of trades and new strategies in risk measures for portfolio managers
  • Articulate current strategies present in portfolios
  • Articulate risk factors that affect the holdings of portfolios (including Greeks)
  • Discuss risk excesses and solutions with portfolio managers. Escalate if necessary.
  • Articulate the risk management process to clients and prospects.
  • Articulate the specification of risk models in the risk systems used by the area
  • Articulate the simplifying assumptions and limitations of models used
  • Design and perform stress tests and other scenario analyses on portfolios
  • Answer risk related questions from PMs, Client Service Executives and clients.
  • Prepare risk materials for the Market and Credit Risk Committee and other forums

Qualifications

  • Strong Statistical/Mathematical skills
  • Strong fixed income markets knowledge
  • Demonstrated ability to succeed in a team-oriented environment
  • Risk systems skills desirable (e.g. Risk Metrics, Port, Barclays Point, UBS Delta, Aladdin, etc.)
  • Statistical/Mathematical packages skills desirable (R, SAS, MatLab, etc.)
  • Hard working and drive to achievement
  • Strong analytical and problem solving skills
  • Strong attention to detail and discipline
  • Excellent communication and interpersonal skills
  • Strong computer skills and a working knowledge of Microsoft Excel
  • Bloomberg and VBA required, SQL highly desirable, and Python or other languages desirable

Academic Qualifications:

  • Undergraduate degree in Mathematics, Economics, Finance or related.
  • Master’s degree in Finance, CFA, FRM or CQF highly desirable
  • 7-10 years overall market experience in the financial sector
  • Minimum 3 year experience in market risk analysis