AVP - Market Risk - BFS

AVP - Market Risk

Key Accountabilities:

- Daily monitoring, review of margin and changes in risk and portfolio composition for GNA clients.

- Perform daily analysis on huge Margin movements in Clients portfolio by understanding the various methodologies /Strategies like Convert Arb, ADTV, GIM IR, GIM FX, FX, DRIMCs, Bond/CDS and give approval to GNA ops to issue the margin calls/ reports to clients

- Perform risk & margin analysis by working with a range of stakeholders internally & externally

- Create communication & presentation materials going through analysis, key requirements & findings for multiple levels of stakeholders

- Liaise with technology teams in order to drive functional specifications and delivery

- Support in preparing MIS required for management decision making

- Managing daily deliverables and meeting all agreed SLAs.

- Ensure cross training and knowledge transfer within the team.

- Responsible for front to back management of the initiatives and projects ADHOC requests catering to above items.

- Ability to prioritize and multi task effectively.

- Take ownership and drive various on-going projects in the team

- Stakeholder Management and Leadership

- This is a high-profile front office position which will require a high level of engagement with a variety of stakeholders across the firm, including Front Office Risk, Legal, Compliance and Sales desk across multiples businesses in New York, London and Asia

- Take ownership for all undertaken tasks in the team and suggest change to senior management for any process improvements.

- Ensure to demonstrate effectively communication and problem solving skills along with responsibility and accountability.

- Decision-making and Problem Solving

- Liaise with Prime Services Risk Owners, Operations, Credit Risk, Legal and IT on daily issues and ensure the fixes are implemented or interim solutions are provided before agreed SLAs of Client margin calls, else instruct teams to communicate clients for the delays in Margin Calls. Also direct teams with possible solutions to the fixes and guide them how to implement them

- Proactively provide inputs and suggestions to improve processes.

Person Specification:

- Excellent verbal and written communication skills as the person is required to communicate with global stakeholders and management team in Investment Banking vertical. Ability to clearly articulate complicated issues to management and other impacted areas and ensure timely resolution of issues and breaches.

- Experience in Banking/Finance industry and Comprehensive knowledge of the financial products across business (Equities, Fixed Income, Derivatives)

- Experience in a risk relevant role. Should have strong working knowledge of equity portfolio margin methodologies including Equity Long/Short, Convertible Bond Arbitrage, ADR/ORD trading, etc along with a good working knowledge of other asset class portfolio margin methodologies.

- Understanding of OTC derivatives products and related margin methodologies, derivatives pricing, risk including value-at-risk, historical simulation and VCV (variance co-variance).

- Understanding of first and second order risk sensitivities.

- Highly analytical and numerate with exceptional problem solving abilities

- Advanced Excel (Pivot tables, Macros), SQL with an intermediate understanding of databases, Qlikview and coding ability in functional languages such as Python are a requirement.

- Well organised with good time management skills and the ability to meet tight deadlines and prioritise tasks and able to multi-task and prioritise accordingly in a highly pressurised environment.

- Ability to independently drive projects within the team

- Detailed and meticulous, consistently delivering a high level of accuracy and attention to detail with high quality output

- Ambitious and Proactive in nature, should be able to take quick decisions and be an excellent Team player

- The person needs to have a proven record of willingness to take ownership and responsibility.

Essential Skills/Basic Qualifications:

- Graduate or MBA from top tier Engineering/Business school.

- Excellent verbal and written communication skills.

- Highly analytical and numerate with exceptional problem solving abilities

- Experience in a risk relevant role and comprehensive knowledge on Derivative, Rates and FX products and associated risks.

- Good coding ability and experience with SQL/Python.