IDFC Bank - Analyst - Market Risk - Wholesale Banking

Job Title: Analyst - Market Risk

Business Unit: Risk

Function: Wholesale Banking Risk

Sub Function: Market Risk

Experience (Min to Max): 4 - 7 Years

Location: Mumbai

Educational Qualifications: CA/MBA/Master in Finance from premier institute

Job Description :

- Daily publishing of VAR report with commentary on the position and risk movements on different books

- Suggesting Valuation Methodology for Fixed Income, FX & Derivative products

- Review of Risk Management policies & framework

- Regulatory reports on DSB, Market Risk Capital Charge & other risk regulatory reports

- Participating in the system testing of the risk applications.

- Review of RBI & Basel guidelines on Market Risks and proactively presenting the impact on the same to the Senior management

- Reporting on the RBI Risk Based Supervision (RBS)

- Maintaining Key Market Risk Indicators as well as Economic data update and publishing the same to the Senior Management along with the impact on the Bank's portfolio.

An Ideal Candidate should possess :

- Good understanding of counterparty risk management on FX & Derivatives

- RBI guidelines / Basel rules

- International best practices

- Good understanding of market risk on Fixed Income, FX & Derivative products.

- Experience in valuation of financial products, understanding of sensitivities and Greeks on the financial products.

- Good understanding of the RBI guidelines pertaining to

- Basel III Capital calculations

- Market Risk Capital Charge

- Value at Risk

- Ability to communicate effectively with Senior stakeholders in Risk and treasury to explain VaR & Valuation

- Professional degree (MBA, CA)

- Desirable: Risk Management certification: PRMIA, FRM, etc.

Industry Preferences : Banking, Big 4