Equity Cluster Risk Analyst - IIM/ISB/IIT

Job Specification: Equity Cluster Risk Analyst

Department and Team Profile

- This role is part of Equity Cluster Analysis team, which is part of the SRM-IB. The Cluster Analysis team is responsible for validating and analysing periodic risk changes in Derivatives books and understanding the key drivers. This is the primary risk management tool used by senior management, Front Office and Risk Management to monitor and manage market risk, as well as a key regulatory function.

- The role includes daily, weekly and monthly reporting as well as development of new reports and ad hoc analysis. The team is exposed to a wide variety of different products & include vanilla and structured products covering equity / equity derivatives, etc.

Job Description:

The role is expected to cover numerous aspects, candidates will be expected to learn the business and the environment by starting with risk analysis tasks, as their knowledge and experience increase they will take over more complex portfolio analysis and risk validation and testing roles, specifically the following tasks will be performed:

- Analysis and review of risks, focusing on understanding behaviour of derivative products under various market conditions

- Liaising with the London cluster team, on major moves, and on any errors that have been identified.

- Production of cluster reports for distribution to senior management and regulators

- Liaising with Global Cluster Managers (US, EMEA or APAC) to understand their business requirements and provide them with adhoc analysis and build reports as per specifications

- Thorough analysis of periodic Risk Reports (Monthly, Quarterly) resulting in meaningful, actionable commentary for use by cluster managers

Key Skills Required

- Strong business skills. Ability to work in a complex & dynamic environment, understand various risk management systems and tools and interact with multiple stakeholders

- Understanding of Investment banking, Trading Lifecycle, Market risk, macro-economics and how all these impact the bank’s portfolio

- Analytical skills to understand complex products & businesses.

- Good communication skills to discuss risk numbers with various stakeholders such as traders, senior risk managers, IT, Product Control, etc. as required

- Attention to detail to allow the candidate to identify potential errors in Risk numbers. Reports are used for business decisions and need to be highly accurate.

- Working with Cluster managers requires ability to work with tight deadlines on complex requirements

- Strong team player and ability to grasp various risk management and reporting systems

- Ability to develop new reports by leveraging existing information & systems, enhancing existing reports, etc.

Candidate:

- Numerate degree essential (incl. Advanced Math, MFE, etc.)

- Preferable 2-4 years experience in banking role with a focus on risk management, equities, markets, analytics, data management and reporting

- Sound knowledge of finance theory and products is a prerequisite. Knowledge of option pricing, derivatives, exotics would be preferred

- Strong IT skills, programming in VBA is a must (MS Access, SQL, R skills are good to have)