Head of Market Risk

2 weeks ago


England, UK, United Kingdom Brookwood Recruitment Ltd Full time

Head of Treasury Risk (DUBAI RELOCATION)


Department: Treasury Risk

Reports to: Chief Risk Officer

Location: Dubai


Job Purpose:

We are seeking a dynamic and experienced Uk/Europe-based professional to relocate to Dubai and lead our Clients' Market Risk Management function. As the Head of Treasury Risk, you will be responsible for ensuring adherence to regulatory standards and managing market risks and counterparty credit risks effectively. This role involves the development, implementation, and optimization of models, policies, and processes to safeguard the Bank against unexpected losses, aligning with our risk appetite.


Key Responsibilities:

  • Oversee the valuation and reporting of all derivatives portfolios, ensuring accurate monthly distributions to customers.
  • Implement market and counterparty credit risk metrics such as VaR, sensitivities (DV01 and CS01), and PFE calculations across all asset classes.
  • Develop and maintain models through back-testing of XVA, IRRBB, and other relevant risk models to ensure precision and reliability.
  • Conduct stress testing and scenario analysis for the investment and trading portfolios.
  • Perform independent price verification for bonds, FX, and interest rate products, including valuation adjustments for illiquid positions.
  • Ensure accurate calculation and reporting of market, IRRBB, and liquidity risks to Senior Management (ALCO) including stress scenarios.
  • Review and validate risk factors for new treasury products with a focus on market and counterparty credit risk.
  • Provide strategic guidance and challenge Treasury’s risk-taking strategy using stress testing and sensitivity analyses.
  • Implement regulatory requirements related to market and counterparty risk as outlined by the Central Bank of the UAE.
  • Address remediation of findings from internal audits, regulatory compliance, and mandated oversight.
  • Maintain and enhance capital models for market, counterparty, and IRRBB risks.
  • Present regular risk analysis and recommendations to ALCO concerning the bank’s risk profile.
  • Develop and maintain comprehensive policies for Treasury-related market risks, including IRRBB and Counterparty Risk.
  • Offer guidance and training to team members to promote understanding of market risk models and processes.


Communication & Working Relationships:

  • Direct reporting to the Chief Risk Officer
  • Active member of the Asset and Liability Committee (ALCO)
  • Daily interaction with the General Manager of Treasury and regular engagements with other departmental leaders.
  • External liaison primarily with IT and data vendors, as well as regulatory bodies like the UAE Central Bank.


Qualifications & Experience:

  • Master’s degree in a financial or analytical/quantitative discipline preferred.
  • Professional certifications such as PRM, CPA, CFA, etc., are advantageous.
  • Minimum of 10 years of progressive experience in a Senior Risk Management role within a leading local or international financial institution.
  • Deep understanding of Treasury products and associated risk management processes.
  • Strong command of English, both written and verbal.
  • Excellent interpersonal skills with the ability to influence and engage across all levels of the organization.
  • Advanced analytical, planning, and organization skills, with a keen attention to detail.
  • Proficient in decision-making, judgment, and problem-solving.
  • High personal integrity and commitment to ethical standards.


PLEASE NOTE: Candidates must be willing to relocate to Dubai. Relocation to Dubai will be given.


Apply Now

If you meet the qualification criteria and are ready to take on this leadership role, please apply using your latest CV/Resume.


  • Head of Marketing

    1 month ago


    England,, UK, United Kingdom The Memcom Group Full time

    Job Title: Head of MarketingLocation: London, United KingdomWorkplace Type: Remote / Hybrid - in office twice per monthSalary: £60k - £70k per annumContract Type: Full-time, 18 month fixed termOur client, a global professional association in the finance sector, is looking for a Head of Marketing to provide essential services to its members, fostering a...


  • England,, UK, United Kingdom The Green Recruitment Company Full time

    Head of Sales & Marketing Location: UK preferred, can be Ireland Main role:Overall accountability for the achievement of the sales targets for UK & IrelandContext & overview: Our mission is to assist business customers in decarbonising and using energy more efficiently. We believe that the decentralisation of energy generation is the future and optimising...


  • England,, UK, United Kingdom Nationwide Building Society Part time

    This is a fantastic chance to join Nationwide’s Market Risk team, at a time when the team is expanding its remit.The team is responsible for ensuring that Nationwide’s market risk is effectively monitored and reported and ensuring that Treasury and Nationwide valuations are accurately calculated and forecasted.The keys to success in this role...

  • Head Of Finance

    1 month ago


    England,, UK, United Kingdom National Rifle Association of the UK Full time

    Job title: Head of Finance and PropertyReporting to: Secretary GeneralLocation: BisleyHours of work: 40 hours About Us:The National Rifle Association of the UK (NRA) is a registered charity with a Royal Charter and our current patron is His Majesty the King, who continues a long history of Royal patronage. We greatly value our military heritage and close...


  • England, London, London, UK, United Kingdom Jameson Legal. Full time

    Head of Risk, Digital Legal Delivery and GenAI, London, PermanentAn exciting opportunity has arisen to join a leading, international law firm as Head of Risk, Digital Legal Delivery and GenAI. This is a full-time position based at the firm's London office.This is an interesting and challenging role where the main purpose will be to ensure that actions...

  • Head of QA Operations

    2 months ago


    England,, UK, United Kingdom Walker Cole International Full time

    Walker Cole International is searching for a Head of QA Operations to join a cell and gene therapy company based in Oxfordshire. As the Head of QA Operations, you will be instrumental in directing the team and being a subject matter expert (SME) for Quality and Manufacturing Operations. Your responsibilities will be: Lead and manage all quality activities...

  • Head of HSE

    2 weeks ago


    England,, UK, United Kingdom Mitie Full time

    Head of Health, Safety and EnvironmentUK Wide - Full Time The Head of HSE for the Consulting, Construction and Development (CCD) Sector holds a vital role, overseeing operational HSE support within the sector. The role will ensure compliance and safe delivery against agreed Divisional and Sector HSE objectives. This role enables support in planning,...

  • Head of Logistics

    4 weeks ago


    England,, UK, United Kingdom Zachary Daniels Full time

    Head of Logistics | Fashion - Retail | United Kingdom | £120kZachary Daniels Recruitment are delighted to have exclusively partnered with a well known UK retailer operating on a global scale.This is a brand new role to head up the entire Logistics & Supply Chain function. The role holder will be responsible for all aspects of logistics, procurement,...


  • England,, UK, United Kingdom MCG Talent Full time

    Job Title: Global Head of Business DevelopmentLocation: DubaiIndustry: Major Events & HospitalityEmployment Type: Full-TimeAbout Us:Our client is a leading player in the global events industry, specializing in creating memorable experiences across various sectors, including corporate events, entertainment, and large-scale festivals. Their mission is to...

  • Compliance Manager

    2 months ago


    England,, UK, United Kingdom Nationwide Building Society Part time

    This is a great opportunity for a Risk Manager to join the second line Prudential Risk team within Financial Risk Oversight. You will be providing specialist regulatory advice in the area of core prudential risks, contributing to the development of the regulatory objectives for the area. You will be supporting on implementation of regulatory change, ensuring...

  • Head of Sales UK&I

    3 weeks ago


    England,, UK, United Kingdom QLM Search Full time

    QLM Search is partnering with a Branded, North American beverage group that is looking to expand its footprint across the retail channel in UK.To lead this growth, they have created a Head of Sales role. This is a hands on role with full accountability to deliver this growth, from £0-10m.Key Responsibilities:Lead the commercial strategy within the assigned...

  • Head of Finance

    2 months ago


    England,, UK, United Kingdom Mitie Full time

    We are looking for Head of Finance who will be reporting to the Divisional Finance Director and will be responsible for the financial leadership and management of the Mitie Telecoms business.Mitie Telecoms is a complex and challenging projects business made up of multiple legal entities and business streams, built up from a series of acquisitions over...


  • England,, UK, United Kingdom Harnham Full time

    Head of BI and Analytics Once a month in Holborn £120,000 to £160,000The company Marketing affiliate company working in the Gaming and Betting space. The role Reporting to the Chief Marketing Officer, you will manage a team of 10 people thinking in 24-month cycles. The company is looking for someone with a big data background who can really champion data...


  • England,, UK, United Kingdom Selby Jennings Full time

    Quantitative Developer – Start-upOur client is seeking a Quantitative Developer to join the team in London! Work on cutting-edge risk models and scenario engines, helping to reduce development cycles and bring new products to market faster.You will join a leading FinTech Start-up founded by ex-Quant Researchers, with a background in buy-side firms. This is...

  • Head of Food

    3 weeks ago


    England,, UK, United Kingdom Turtle Bay Restaurants Full time

    Head of FoodTurtle BayTurtle Bay is a unique place which brings you the warmth, welcome and relaxed vibes of the Caribbean. Founded in 2011, Turtle Bay currently has 52 sites across the UK. Our inspiration has always, and will always, come from the magic of the Caribbean Islands.From the outset, Turtle Bay has stood out amongst a cluttered high street with...


  • England,, UK, United Kingdom MacGregor Black Full time

    Head of Talent AcquisitionAre you ready to shape and lead a global talent strategy that not only attracts top-tier talent but also positions our company as an employer of choice in a highly competitive industry?Can you seamlessly balance strategic vision with hands-on execution, ensuring that our talent acquisition processes meet both operational needs and...

  • Head of Disputes

    1 month ago


    England, London, London, UK, United Kingdom Lipson Lloyd-Jones Full time

    THE FIRM An international law firm THE ROLE A Head of D&R Knowledge is sought who will be a senior Commercial Disputes Knowledge Lawyer, to head up the Disputes & Risk Knowledge Team. Once appointed, you will take the lead, working with D&R management and the Director of Knowledge, in assessing the future knowledge needs of D&R and leading further...


  • England,, UK, United Kingdom Eames Consulting Full time

    Head of Compliance Monitoring 6 month contract Up to £800 per day (Inside IR35)Hybrid London, UK Travel South West England Job DescriptionA leading asset management business is looking for a Head of Compliance monitoring to join up on a contractor basis. The business is going through a significant period of change driven from the top down and they are...

  • Regional Head

    3 weeks ago


    England,, UK, United Kingdom KOS International Limited Full time

    Job Title: Regional Head (key account)Company: A famous wind power companyLocation: Europe (Option to choose base in Germany, France, UK)Job Type: Full-timeJob Description:We are at the forefront of the renewable energy industry, providing innovative wind power solutions (both Shanghai Wind and Onshore Wind). We are currently looking for a highly experienced...

  • Head of Procurement

    3 weeks ago


    England,, UK, United Kingdom Voyage Care Ltd Full time

    The role will be home based working with travel to Group Support LichfieldA rare opportunity has arisen for a Head of Procurement & Fleet to join a fantastic organisation at the leading edge of adult social care sector. This exciting role has become available due to retirement, and you will lead a stable team supporting both regulated and non-regulated...