Background to & purpose of role:
CMC Markets requires a suitably skilled Liquidity Risk Manager responsible for the assisting with the implementation of an effective Liquidity Risk framework. The Liquidity Risk Manager will assist in ensuring that mandated aspects of liquidity risk are correctly captured, reported and scrutinised in a timely and efficient manner, which is in line with a market leading second line of defence risk liquidity function.
RESPONSIBILITIES
- Assist the Liquidity Risk function in supporting the business by providing risk oversight for its current and future initiatives.
- Take ownership of the liquidity risk elements as part of any projects, ensuring timely delivery in line with requirements
- Continue to develop the Liquidity Risk processes, procedures, standards and policies.
- Ensure liquidity reporting meets requirements and captures new business initiatives
- Assist in the preparation of relevant sections of the Group's Financial Statements
- Lead the update of the Contingency Funding Plan ICARA (L) - ensuring the documents are reflective of the current market environment as well as strategy
- Collaborate with key stakeholders such as the Prudential Regulatory team and Treasury team on assigned initiatives
- Challenge proposals and oversee the Treasury function's funding and optimisation activities
- Support the accurate measurement and monitoring of financing and trading costs across products for both client activity and broker relationships
- Design, model and implement stress testing sensitivities/scenarios for key liquidity risk factors affecting the business.
- Assist the Head of risk in periodic Fire drill and regular business queries on margin optimisation.
- Maintain personal/professional development to meet the changing demands of the role, including all relevant regulatory and legislative training
- When dealing with all customers, clients or colleagues ensure that we provide a clear, fair and consistent high-quality service that presents a professional and positive image of CMC Markets
- Take all reasonable steps to ensure appropriate confidentiality
- Undertake such other duties, training and/or hours of work as may be reasonably required and which are consistent with the general level of responsibility of this role
KEY SKILLS AND EXPERIENCE
Essential
- Strong financial services experience including a minimum of 3 years of liquidity risk/treasury experience
- Credit risk experience
- Proficient MS Excel skills, including VBA Macros
- Prior experience on implementation of ILAAP and Wind-Down planning frameworks
- Proven business transformation experience
- Knowledge of FCA ICARA/IFPR regulation
- Strong attention to detail
- Integrity and confidentiality
- Knowledge of the markets and products that CMC is operational in
- Treasury products knowledge - FX/IR Swaps, Bonds, Money Markets securities, Repos etc.
Desirable
- SQL and Python knowledge
- People management experience
- Knowledge and experience of EBA IFP liquidity regulations
- Qualification - CFA/FRM or significant progress towards the same
- Previous experience at a Prime Brokerage business
CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.
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