Company Description
Wise is a global technology company, building the best way to move and manage the world’s money. Min fees. Max ease. Full speed.
Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their life easier and save them money.
As part of our team, you will be helping us create an entirely new network for the world's money. For everyone, everywhere.
More about our mission.
Job Description
We're looking for a Head of Market Risk to join the 2nd line Risk function reporting to the Group Head of Financial and Prudential Risk.
You will provide oversight of modelling, monitoring and hedging activities, and Treasury operations and governance. It will work closely with the Head of Treasury Markets & Head of Treasury Risk & Controls (1st line) and the Head of Stress Testing (2nd line).
This is a hands on role that will provide a fantastic opportunity to shape our approach to managing risks from Treasury activities.
You'll contribute to the mission by:
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Enhancing our FX hedging strategies underpinned by customer behaviour models across a multi-region portfolio of products and currencies, including many exotics
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Optimising the risk / return profile of Wise and client safeguarded assets across multiple markets within the constraints of group and local regulatory environments, the internal risk appetite and available capital
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Combining your risk management expertise and commercial awareness to find the best answer for the customer and have tangible impact on:
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Product pricing
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Optimising the scalability of market risk capital
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Setting up risk appetite metrics and limits.
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What you'll be doing:
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Leading the 2LOD market risk oversight of our Treasury Markets desk, promoting risk discussion on the trading floor, and building best practice within the team
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Maintain and share a strong knowledge of client flows, own hedging strategies, safeguarding requirements, and keep abreast of developments in the FX and IR markets and the potential impact on risk and portfolios
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Partnering with Product and Treasury teams to design controls in tandem with customer propositions
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Developing a 2LOD reporting & analytics suite enabling real time understanding of our risk posture - with delivery supported by Risk Analytics
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Improving methodologies and stress testing - with delivery supported by Data Scientists
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Improving Group and Region specific Market Risk Policies - with delivery supported by a Risk Policy specialist
Qualifications
What you'll bring:
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Excellent knowledge of Risk management methods and techniques, including at a minimum VaR/sVAR, and EVT/ES (PFE, option pricing, behavioural models: desirable)
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A good understanding of FX market fundamentals and traded instruments such as IR
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Experience with regulatory requirements such as Basel 2.5 & Basel 3.1
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Strong Interpersonal skills that enable you to effectively form trusted relationships with business unit management teams but at the same time retain an ability to challenge with empathy and understanding.Excellent attention to detail and problem-solving skills
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Confident, resilient, with a presence and a determination to succeed in a dynamic and demanding business environment
Nice to have but not essential:
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Practical experience with Power BI / Python / SQL
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An understanding of IFRS9 and economic vs capital impact of accounting choices for fixed income products
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An understanding of crisis management and business continuity plans to ensure organisational resilience
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Degree in Maths, Physics, Statistics, or a related field
Additional Information
#LI-CH1
For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.
We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.
If you want to find out more about what it's like to work at Wise visit Wise.Jobs.
Keep up to date with life at Wise by following us on LinkedIn and Instagram.
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What We Do
Wise is a global technology company, building the best way to move and manage the world's money. With Wise Account and Wise Business, people and businesses can hold 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world's money. Launched in 2011, Wise is one of the world’s fastest growing, profitable tech companies. In fiscal year 2025, Wise supported around 15.6 million people and businesses, processing over $185 billion in cross-border transactions and saving customers around $2.6 billion.
Why Work With Us
We’re truly global in who we are, how we work, and how we build. Everything we do is centred around creating a world of money that’s fast, easy, fair. And open to all. Everyone who works here owns a piece of Wise, from the work they do, to the stock they hold.
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Wise Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
We expect new joiners in the office most days to build connections and learn from colleagues for their first six months. After that, most Wisers split their working week between the office and home, typically coming in at least 12 times a month.
