Market Risk Manager - Fixed Income - Investment Bank

We are hiring Marker Risk Managers for a leading investment bank in Mumbai.

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. 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 VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & preparation of risk reports for traders and senior business management. Risk managers are also expected to 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

Position Specifications:

Corporate Title : Associate

Experience : 4-7 years

Qualification : MBA from a reputed institute

Role & Responsibilities:

Key Skills:

Mandatory Desired Domain

- Knowledge of Derivatives products (including exotics) Markets, Economics

- 4-7 years of experience in Market Risk/Stress testing, preferably on the fixed income side on trading/risk management

- Masters (MBA preferred) from a reputed institution

- Excellent oral and written communication skills

- Excel VBA skills would be an added advantage

- As a dedicated risk manager for the traded credit products business areas, the candidate will be responsible for managing the following

- Liaising with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review 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/Trading Heads

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

Core Competencies:

Competencies Behavioral Indicators:

Culture & Conduct Building Culture Diversity & Inclusion Professional Integrity Self-Awareness

Contributes to desired culture Sets positive example Aware of different values/styles Holds high standards of behavior Aware of own strengths/weaknesses

Client-Centricity & Business Acumen Commerciality Client-Centricity Analytical Thinking & Problem Solving

Understands current market Anticipates client needs Pays attention to detail Sees problems, recommends solutions

Strategy & Innovation Strategic Thinking & Change Decision Making & Judgement Agility

Balances alternative views Knows when to decide/when to escalate Champions new ideas Is both disciplined and entrepreneurial Sees when to escalate

Leadership & Collaboration Managing Talent Recognising and Motivating Supporting, Developing & Collaborating with others Managing Conflict

Thinks differently Balances alternative views Knows when/how to compromise Learns from experience Seeks to develop

Communication & Connectivity Articulation & Receptiveness Impact Connectivity

Assists in recruiting Gives credit Builds productive working relationships Provides constructive, timely and specific feedback

Communication & Influence Articulation and Receptiveness Impact Connectivity

Adjusts style to suit topic Balances listening/talking Communicates with clarity and consideration Is a proven and credible resource Questions to understand others- views Builds internal contact network Willingly effectively works across teams

Execution & Delivery Driving Performance Execution-Focus Planning & Organising Adaptability

Demonstrates accountability/commitment Takes on challenging assignments Executes priority actions on-time Keeps stakeholders updated Manages expectations Persists when confronted with resistance