Business Unit Overview:

Market Risk Management works to identify, monitor and control the firm's exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve daily analysis and interpretation of the results of risk sensitivities; validation of Value At Risk (VaR), RWA, Economic Capital numbers and sign-off on the relevant Risk systems, working on global projects for enhancement of Market Risk & preparation of risk reports for traders and senior business management. Risk managers are also expected to automate/re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

What We Offer:

- We support employee wellbeing by ensuring a sense of purpose and belonging.

- We offer a comprehensive range of wellbeing services which allows employees to get access to the assistance they need at any point in their wellbeing journey.

- Our bespoke benefits support employees and their family's holistic wellbeing and are inclusive of diverse identities and family structures.

Position Specifications:

Corporate Title- Associate

Functional Title- Associate/Sr Associate

Experience: 3 to 6 year

Qualification-MBA from a reputed institute or Masters with engineering/math/science/CA background

Role & Responsibilities:

- As a dedicated market risk manager for the Treasury business, the candidate will be responsible for managing the following

- Liaising with the risk managers in the trading centres on a daily basis to help manage their market exposure, set & review Treasury risk strategies

- Daily analysis and interpretation of the results of risk sensitivities and stress tests

- Preparation of risk reports for traders and senior business management

- Monitoring and administration of risk limits and resolution of limit excesses

- Preparation of reports and escalation to senior management

- Ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Treasury Heads

- Re-engineer the risk reporting process including interactions with Risk and Treasury front Office technology personnel to drive improvements

- Monitor and manage Interest Rate Risk in Banking Book (IRRBB) positions, ensuring regulatory compliance and adherence to internal risk appetite

- The Risk Manager will need to understand the traded products in these asset classes, factors influencing markets and their implications for risk management decisions. In particular, we are looking for candidates with knowledge of FX / Rates derivatives with exposure to fixed income or Treasury desks

- Candidate is expected to understand what drives the risk profiles of Fixed Income Instruments in different market conditions (both exposure profiles and risk sensitivities) and implications of how the markets are evolving.

Key Skills :

Mandatory :

Domain

- Good knowledge of Financial Products, Financial Markets, Economics

- Understanding of risk sensitivities and VaR/Economic Capital

- Background in a numerical discipline: engineering; math; science; etc.

- Strong analytical, quantitative and technical abilities

- Strong communication skills (oral and written)

Desired

- Masters (MBA preferred) from a tier-1 institution

- Certification in CFA/FRM

- Python for Finance; or exposure to tools like PowerBI/Tableau would be an added advantage

- Proficiency in Microsoft Excel