Assistant Vice President - Market Risk - Capital & Risk Information Services

Our client moves, lends, invests and protects money for customers and clients worldwide.

About Capital and Risk Information Services (Mumbai) CRIS Mumbai :

- The Risk function is responsible for evaluating, monitoring and controlling Market, Credit, Contingent, Operational and Settlement Risk to ensure comprehensive and effective control and independent challenge to support the Bank in its commercial objectives. Risk works with the business units to independently quantify the appropriate level of risk for the client, for the bank and for our shareholders, applying appropriate governance and control to ensure the right decisions are made using accurate calculation, assessment and recording of exposure and risk.

- Within Risk, Risk Information Services (RIS) - Market Risk delivers global, multi-asset class solutions for the production, control and validation of various internal model risk measures (DVaR, SVaR, IRC and APR). RIS plays a key role in the management and maintenance of processes that feed into all Market Risk Capital measures. The department works closely with a variety of stakeholders including front-line desk risk management.

Overall purpose of role :

As a Team Lead for the CRIS team, the key expectation is to take responsibility for CRIS processes assigned which includes managing the daily operational process of validating the Time Series (TS) data feeding the risk engines, ensuring timely publication of VaR and other risk measures ( SVaR, IRC, Back Testing, APR and CVA ). As a Lead the expectation will be to work closely with a variety of stakeholders including front-line desk risk management.

Key Accountabilities :

- Responsible for Leading and providing local oversight of CRIS production team ( Business Line / Functional Team) in Mumbai.

- Responsible for operational management of daily deliverables,

- Ensure any data quality gap is overcome by means of effective dialogue with internal and external team members.

- People Management for a team size of 10

- Ensure timely VaR sign-off ( Flash/Finals/ etc ) and other deliverables based on frequency

- Monitor, escalate any production gaps (people issues, system issues) to the management team or IT.

- To provide business requirements for any new development or fixes to the Market Risk Projects team or IT and to sign off test results.

- Subject matter expert on CRIS Market Data and VaR processes; responsible for training of new joiners in CRIS Mumbai Team,

Stakeholder Management and Leadership :

- Liaise with the CRIS onshore teams, Risk Managers as well as with the relevant Change/IT teams for various key initiatives ( Tactical and Strategic Change, BAU escalations and Control tasks)

- Ability to deal with senior stake holders across different time zones ( CRIS Mumbai support Risk Managers in Asia and EMEA )

Decision-making and Problem Solving

- Analysis and problem solving skills in delivering solutions that are required by Clients

Person Specification :

- Bachelor's degree in an analytical area from a reputed Tier 1 institution is required. Candidate must have an analytical/quantitative bent of mind.

- Masters Degree in a quantitative discipline ( Financial Engineering, Financial-Math) is preferable

- Good knowledge of Risk, especially Market Risk concepts and methodologies

- Deep knowledge of Risk Measures, sensitivity-computation methodologies would be an advantage.

- Proficient in the use of IT Systems; ability to quickly come up the curve on in-house systems.

- Proficient in programming languages - Excel VBA, SQL ( Preferred )

- Local SPOC to liaise with both Internal & External Audits to make sure that appropriate Controls are in place

- Ensure the Market Data / Risk measures function is compliant with all Regulatory requirements in terms of both timeliness as well as accuracy

- Ownership of the quality of the control checks on the processes

- Ownership of implementation of all proposed Risk Controls like the RCSA in a timely manner in the entire market data space