Head - Derivatives Risk - BFSI

Job Description :

The candidate would be responsible for the following :

- Develop statistical models to predict and categorize different risks & design monitoring and mitigation strategies for the desk.

- Develop policy framework, processes & systems for effective risk management of the trading desk including framing and implementing Risk Management and Surveillance policies, monitoring the MTM, margins, Limits and exposures, positions limits, position controls, software performance testing and updation, etc.

- Responsible for granting limits, monitoring and controlling utilization and reporting of breaches and shortfalls.

- Provide analysis on changes in risk positions and their impact on key risk measures such as VaR and Stress.

- Providing independent market risk advice to the management and other stakeholders in the trading desk.

- Assessment/approval of new trading strategies from a Market Risk point of view.

Qualifications :

- 10 + years of experience in Risk Management, with a proven track record of risk modeling/analytics and portfolio risk management with a special focus on derivatives.

- Experience in Trading terminals and Risk Management solutions such as Greeksoft and N-Prime is required.

- Proficiency in analytical techniques and statistical analysis is required.

- Experience in languages required for data science such as Python, Matlab, or R is preferred.

- Undergraduate education in Mathematics / Engineering / Statistics is preferred. If undergraduate was not technical, post-graduate programs such as

- CA/CFA or MBA would be required.