🔍 We're Hiring: Market Risk – Fixed Income Credit (FIC) | Associate/VP | London
We're working with a leading global financial institution to find a high-impact Market Risk professional to join their London-based team. This is a unique opportunity to take ownership of market risk oversight across a dynamic and complex Fixed Income Credit trading business, including corporate bonds, CDS, indices, and structured credit instruments.
If you have strong FIC knowledge, solid technical risk expertise, and are looking to step into a role with high visibility across the front office and senior risk leadership — we want to hear from you.
🔧 What You’ll Be Doing
As part of the Second Line of Defence, you'll play a central role in monitoring and challenging risk-taking across FIC desks. You’ll:
✅ Oversee daily market risk on trading positions (cash credit, CDS, credit indices, and derivatives)
✅ Analyse and explain VaR/SVaR, risk sensitivities, and stress scenarios
✅ Deliver meaningful P&L explain and help drive effective backtesting
✅ Contribute to new product assessments and risk approvals
✅ Collaborate closely with Front Office, Finance, Regulatory Reporting, and other key stakeholders
✅ Engage in risk governance forums and support regulatory deliverables
✅ Monitor macro and market events impacting credit markets in the UK, US, and EM
Key differential factors for this client
1) Close proximity to Trading. Sitting on the same floor as Traders with a strong relationship fostered with the front office.
2) Leading global Head of Market Risk to mentor and develop you.
3) Fantastic team
🎯 What We’re Looking For
We're seeking an experienced and confident risk practitioner who can provide real-time risk insight, engage in challenge, and help refine the firm’s FIC risk management approach.
🔹 5+ years' experience in Fixed Income Credit across Market Risk, Product Control, or Trading
🔹 Strong understanding of credit products: cash bonds, CDS, indices, structured credit
🔹 Hands-on expertise in VaR, stress testing, capital risk metrics (e.g., ECap, FRTB)
🔹 Able to build effective relationships and influence at senior stakeholder level
🔹 Analytical, detail-oriented, and intellectually curious
🎓 Your Background
* Degree in Finance, Economics, Mathematics, Engineering, or a quantitative discipline
* Candidates must have demonstrable product knowledge in fixed income instruments.
* Professional certifications (CFA, FRM) are advantageous
* Coding in Python or similar is advantageous
1.
📩 Ready to Take the Next Step?
Apply now or message us directly for a confidential discussion.