AVP/VP - MCM Market Risk Team - Investment Bank

Opening with one of the leading Investment Bank for AVP/VP

Divisional Overview :

The Chief Risk Officer (CRO) division comprises 5 key functional areas - Market Risk Management, Enterprise Risk Management, Operational Risk Management, Credit Risk Management and Risk and Finance Data Analytics and Reporting (RFDAR). These functions provide high-quality, cost-effective risk management services to support the operating divisions, while improving independent controls.

Departmental Overview :

RFDAR is globally team and reporting to the Chief Risk Officer (CRO); the function is located across all major locations and is responsible for:

- Market risk information management & reporting

- Credit risk information management & reporting

- Operational risk information management and reporting

- Managing development and implementation of risk and finance systems

- Regulatory change and coordination, establishing policies covering market risk, credit risk, operational risk and finance

Main Duties/Responsibilities Of The Role :

The MCM Market Risk Team in Mumbai is seeking to recruit a AVP/VP to join the growing team. The successful candidate will be responsible for managing a team of 3 - 9 team members reporting directly to him as well as the end-to-end process of collating market risk data for measurement, analysis and subsequent reporting to senior management, regulators and traders as well as other downstream users.

The role involves :

- Validate output of model and calculated results.

- Review granular (book /risk type level) calculated outputs (including: VaR, RM VaR, sVaR, IRC, position ERC, validate and comment on all movements in calculated outputs triggering materiality thresholds.

- Validate material movements in calculated outputs to material position/sensitivity changes identified in DMC.

- Working closely with DMC to Investigate root cause analysis on irregularities, ensuring appropriate follow up actions are taken.

- Ensuring timeliness and accuracy of calculated risk measures.

- Implement and Owning the Control Framework for respective MCM cluster team.

- Managing a team of 3 - 9 team members, catering to their development requirements and career paths

- Managing process stakeholders

- Managing the roll out of enhancements in risk systems, processes and data feeds.

- Representing the MCM Market Risk Team on all tactical, strategic and regulatory projects and initiatives conducted within the firm.

Work Experience/ Background :

Technical/business Skills & Knowledge :

- Strong analytical skills

- Knowledge of various financial and derivative products, financial markets

- Good understanding of market risk methodologies: VAR and other risk measures.

- Good understanding of financial greeks and their relation to financial products and derivatives used in the calculation of various risk measures

- People Management and Leadership Skills

- Stakeholder Management and Project Delivery / execution Skills