IBM - Market Risk Manager/FRM

Role : Market Risk Manager / FRM

Responsibilities:

- Business support of the daily calculation of relevant market risks incl. quality assurance and basic validation of results

- Business support for the provision of the variance-covariance (VCV) matrix for the calculation of the Value at Risk and the calculation of counterparty risk for trading positions (pre settlement risk, issuer risk, credit risk, settlement risk, exposures for CVA calculation) incl. quality assurance and basic validation of results

- Business support and quality assurance of the backtesting report incl. provision of backtesting history

- Execution of the daily valuation of trading products in accordance with MaRisk incl. determination of valuation prices for securities, updates of interest rate curves, Fx rates and FX points, updates of volatilities, updates of in currency and cross-currency spreads, execution of Incremental Present Value (IPV) procedure, assurance of full portfolio coverage regarding valuation, support of the dissolution of collateral disputes

- Business support for market conformity checks for security transactions, FX and Money Market and interest rate derivatives including plausibility checks

- Business support of the tools and processes used for the calculation of market risk figures and parameters incl. quality assurance process

Required Professional and Technical Expertise:

- 2 - 6 years profound experience in Market market and counterparty risk management

- Understanding of all Trading Products (Money Market, FX, Derivatives, ...)

- Knowledge / understanding of market and counterparty risk management as well as portfolio steering (e.g. valuation, IPV, market conformity, collateral disputes, CVA, ...)

- Working knowledge of regulatory framework (e.g. Basel II under MaRisk)

- Proven analytical skills, capability to understand complex products and processes

- Proficient in technical understanding of data flows and interdependencies between various IT systems used, ideally experience with Summit; high affinity to IT systems

- Demonstrable expertise client and solution-oriented communication skills (interaction with various IBM teams as well as with customers)

- Demonstrated focus on risk and quality related aspects, reliability

- Proven ability of MS Office products (esp. Excel), SQL and typical market risk data models

Preferred Professional and Technical Expertise:

- Experience in control, risk focused and attention to detail

- Proven client/business focused communication skills

- Ability to liaise with Technology and communicate system requirements

- Ambitious individual who can work under their own direction towards agreed targets/goals

- Proven change management and be open to it good time management and work under tight deadlines

- Proven interpersonal skills while contributing to team effort by accomplishing related results as needed

- Maintain technical knowledge by attending educational workshops, reviewing publications