Wipro BPS - Analyst - Risk Information Services

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.

The Analyst will be responsible to take responsibility for qualitative and timely production of Risk numbers (the DVaR, SVaR, IRC and APR production and reporting activities) cross asset class or for specific asset classes . The products include OTC Derivatives with Equity, Debt, Interest rate, FX and Commodity underlying. This daily operational process includes validation & investigation of movements, ensuring that concerns are communicated and that resolutions are planned, coordinated and action-ed. To communicate knowledgeably and confidently in two or more traded products and to add value to discussions with the line manager, Risk Manager, Front Office and groups such as Product & Financial Control.

As an Analyst you will be responsible for :

- You will be responsible to take responsibility for qualitative and timely production of Risk numbers (the DVaR, SVaR, IRC and APR production and reporting activities) cross asset class or for specific asset classes

- Overall responsibility for the quality of market data its impact on exposures, ensuring that problems are overcome by means of effective dialogue with internal and external team members.

- As historical time series are a key component of all of our risk simulation methodologies, having the necessary skills to ensure that the data used within our risk engines are correct.

- To monitor the risk calculation break downs due to insufficient or poor quality market data - monitoring trades that fail to risk using the ideal process.

- During times of stress, assist colleagues from the differing asset class groups with tasks that may differ from their immediate role.

- To work effectively within the team, contributing to the ad hoc demands without loss of service for business as usual processes.

- Providing line management responsibilities to a team of analysts depending on experience and ability.

- Producing timely and adequate management information statistics outlining effort, successes, road blocks and failures. Ensure that all activities are in adherence to existing policies and risk governance practices

We expect you to bring the following :

- Highly motivated, energetic individual with a strong process engineering and quality control focus.

- Comfortable liaising with the department's wide range of business partners that span globally,

- Strong problem solving skills and attention to detail.

- Team player and lead - willing to take on incremental responsibilities.

- Ability to cope with change and very tight deadlines

- Ability to deal with senior stake holders across different time zones

- Flexible/willingness-to-stretch in terms of work timings given the global responsibility

- Deep knowledge of VaR, sensitivity-computation methodologies

- Proficient in the use of IT Systems.

- Proficient in programming languages - VBA, SQL

Preferred Qualification / Skill Set :

- Experience in a top tier institution exposed to Market Risk, delivery of projects, and/or Product

- Masters Degree in a quantitative discipline will be preferred (Financial Engineering, Financial-Math)

- Expertise with Excel /VBA skills / SQL

- Financial Markets experience, Systems Exposure

- Knowledge of the Market Risk

- Risk simulation experience

- Risk system experience

- An individual with Product Control, Business and Market Risk experience.

- Comfortable in communicating with Risk Managers and IT and be willing to question existing processes in a tactful manner. Previous Systems exposure.

- High quality degree with some quantitative subjects