Head of Risk Management Europe

The organisation

IMC financial markets is one of the world’s leading proprietary trading firms and a key market maker in various products listed on exchanges throughout the world. Broadly, our main strategies can be grouped into: Market Making or Liquidity providing Algorithmic arbitrage Statistical arbitrage All of our strategies are proprietary and within IMC financial markets we do not have any external clients. All strategies have a short-term horizon and are considered as ‘high frequency trading’.

Our success is based on a unique combination of talents and technology, with interaction between specialists such as traders, quants, IT specialists, and business analysts. This enables us to: continuously improve existing strategies, infrastructure, algorithms and software create the new strategies necessary to stay ahead of our competition.

All our most important trading systems and software are developed in-house. This includes real time market risk management tools that can be used in every market, as well as models that closely monitor our exposure to the various risks.

The position

The Head of Risk Management Europe will be responsible for the European Risk team and will play key role in identifying, measuring, monitoring and reporting risks for our trading activities in Amsterdam and Zug. This role operates very close to our trading and technology teams to understand the risk inherent in different trading strategies and technologies, and develop risk metrics and tools to quantify and monitor these risks.

The key focus will be on market risk, credit risk, liquidity risk and operational risk. At a global level, the role is also responsible for ensuring local alignment of global approaches and framework, contributing to global projects and ensuring local risk management needs and issues are raised to the Global Head of Risk Management as appropriate. The European Risk Team is also responsible for generating global risk reports aggregating different risk information from all our offices around the world.

This role requires a proactive, hands-on, and pragmatic approach Also key is leveraging specific risk management expertise and quantitative analysis skills to add value, not bureaucracy to the business.

Head of Risk Management Europe will work from IMC’s Amsterdam office and will be required to regularly travel to Zug.

Key responsibilities

• Risk reporting, monitoring and follow up
• Identify risks in existing and new trading strategies and activities
• Identify and analyze trends within markets and develop processes and methodologies to assess, simulate, and model their impact on current strategies
• Define and understand the key components of operational risk and develop solutions to mitigate potential operational risk
• Proactively identify, evaluate, and benchmark operational incidents and assist in implementing corrective action plans to prevent operational incident recurrence
• Alignment of local risk methodologies to the global framework and contribution to global risk projects
• Generate, design and develop global risk reports
• Provide leadership and guidance to European risk team members

Candidate profile

• University degree with an analytical/quantitative related field of study
• Between 6-10 years’ work experience, partly in a related role
• A background within a trading firm, hedge fund or investment bank is preferable
• Demonstrated knowledge and experience with derivatives trading
• Detailed knowledge of financial instruments and pricing concepts
• In-depth knowledge of and experience operating within a technology dependent environment
• A reasonable understanding of IT infrastructure and application concepts; an interest in IT must
• Excellent verbal and written communication skills
• Attention to detail and strong analytical / problem solving skills
• Proactive attitude, creative thinker, ability to work independently and on a team
• Demonstrated relationship-building and persuasion skills
• Knowledge of risk concepts like Value at Risk, Monte Carlo simulation, Stress testing, Sensitivity analysis, etc.

Interested?

You can apply to this position by using the form below.