Quant Professional - Market Risk - Investment Bank

Hiring Quant professional for Market Risk role with a globally renowned I-Bank

This role will comprise the following key responsibilities :

- Lead the Mumbai team to ensure objectives are met according to business requirements and in line with the values of the bank.

- Own the daily Stress Testing risk validation process to ensure regulatory and business requirements are met. This may require to perform investigation into a wide range of production issues as an individual or as part of a team.

- Support regular quantitative analysis like back-testing or recalibration for internal margin methodologies.

- Potential to support IM / PFE / VaR calculations for live transactions and specific portfolio analysis.

This may involve working with existing spreadsheet tools or setting up customized tools which use the bank's internal pricing models :

- Potential to engage further in CCR RWA analysis and optimization

- Liaise with other areas of the bank, in particular Credit Risk, Market Risk and Front Office

- Review and Validate Daily / Monthly Stress Test Reports to be used by senior EMG and CRM Analysts

- Document new processes and procedures relating to Stress Testing

- Communicate updates and results to senior management within Risk and the Business

- Support in production of material to be distributed to regulators

- Define reporting requirements in conjunction with other Risk teams and Front Office partners

- Participate in bank wide working groups and committees

Desired Requirements :

- Strong mathematical and statistical background

- Good understanding of VaR concepts or EPE/PFE, valuation and margining approaches and methodologies

- Good knowledge of rates, FX, commodities, equities and credit business areas and products

- Understanding of risks both on trade and portfolio level

- Good analytical skills, able to demonstrate flexibility regarding problem solving

- Ability to work in fast paced environment

- Advanced knowledge in MS Office (Excel, Access and VBA in particular)

- Experience in use of Relational Databases and PL/SQL (Fundamentals)

- Open minded, able to share information, transfer knowledge and expertise to team members.

- Excellent communication, both written and oral

- Good team-working & team management skills

- Comfortable working across different time zones.

Educational Requirements :

- Educated to Engineering Degree or Equivalent.

- CFA/FRM is plus

- 5-10 Years Experience

- Detail-orientated

- Able to work on autonomous basis and as part of team

- Able to cope well under pressure and tight deadlines

- Willingness to challenge senior stakeholders if required