Vice President - Market Risk - Bank

Please find Below JD for Credit risk / market risk

Location : Bangalore / Hyderabad

Business / Function: Wholesale Credit & Market Risk

Location: (Country/Department) Bangalore

Role Purpose (overall high level summary of the role)

The Traded Risk Control team is one of the teams within Wholesale and Market Risk [WMR]. Group WMR reports directly to the Group CRO and is responsible for the approvals, policies, portfolio management and reporting on the Group's Wholesale and Market Risk exposures. Group WMR also works with Regional WMR functions across Global Risk to ensure functional consistency and delivery across all group offices.

The Traded Risk Control Offshore Team, based out of GSC Bangalore and Manila, currently comprises around 80 FTE and continues to grow. It provides support to a number of Traded Risk functions/teams across the Group in London, Hong-Kong, Paris and New-York at the moment. Its Offshore operating model requires a high level of mature leadership, oversight and management to drive a unified cross site - one team- approach. The Offshore Head for Traded Risk Control is expected to fulfill this responsibility along with driving effective people management and operational processes.

The Role Holder must support the Global Head of Traded Risk Control in delivering against effective risk control objectives and collaborate effectively with multiple stakeholders in the process.

Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures

Impact on the Business [COMPLETE 3-4 AREAS]

- Implement practices and procedures to ensure an effective and efficient approach - run-the-bank- by Traded Risk Control from an offshore perspective.

- Define and implement communication; manage relationships and processes effectively; maintain a strong sense of accountability of the GSC teams and act to retain involvement from the on-shore teams.

- Ensure the identification and implementation of best practice across teams to enable the highest operational standards

- Understand, co-ordinate and implement Global Traded Risk Control vision and re-alignment of global operating model across offshore teams

- Define and adopt best practice through collaborating with key business stakeholders

- Co-ordinate the creation and achievement of annual operating plans, co-ordinate performance measurements and operational benchmarking.

- Communication within time lines stipulated by the business

- Feedback from stakeholders on effectiveness of leadership

- MIS reports

Customers / Stakeholders: [COMPLETE 3-4 AREAS]

- Build strong relationships, adopting a joined up approach and lead with minimum conflict.

- Ensuring that internal and external regulatory requirements are met.

- Ensuring that the business operates using accepted standard methodologies, practices, processes and principles

- Support BRCM activity within area of responsibility

- Feedback from stake holders

Leadership & Teamwork: [COMPLETE 3-4 AREAS]

- Lead and manage off shore teams across Bangalore and Manila, displaying cultural sensitivity and drive a culture of collaboration / team work to achieve high process consistency, dual site functional streams and BCP management.

- Drive a culture of high performance with adherence to Values at all times; actively provide constructive feedback / mentoring on performance and behavior.

- Own and drive recruitment, motivate, develop and retain talent.

- Ensure training in the fields of Traded Risk (Market Risk VaR, SVaR, IRC, sensitivities, Counterparty Risk, IMM, Netting sets etc.)

- Systematically develop capabilities within the team including second lines of management

- Agree responsibilities within formal and informal network, provide context, direction and confidence to deliver results

- Collaborate with stake holders to ensure commonality and consistency of solutions

- Escalate timely and ensure there are no bad surprises

- Observation by Management.

Operational Effectiveness & Control: [COMPLETE 3-4 AREAS]

- Implement quality framework for area of responsibility

- Ensure that all staff and activities comply with existing regulations and auditory requirements

- Ensure implementation of relevant audit recommendations and maintaining satisfactory level of audits for relevant areas

- Ensure organizational compliance with all relevant internal and external rules (task trackers, KRIs and KPIs,- ), regulations and procedures that apply to the conduct of Traded Risk businesses

- Support the implementation of BRCM control standards, guidelines and procedures and monitor compliance.

- Ensure compliance with all relevant internal instructions (FIMs, GSMs, circulars) and external regulatory requirements, including the management of operational risk and adherence to the Group's standards of ethical behavior.

- Seamlessly drive Offshore Support in case of a Business Contingency in either Manila / Bangalore

- Stakeholder feedback

- Management observation

- BCP readiness as tested / live

Major Challenges: (The challenges inherent in the role that require a continual test of the role holder's abilities)

- Knowing and understanding Traded Risk Control business.

- Balancing sometimes conflicting requirements of Group and Regions.

- Maintaining a global perspective with a good comprehension of impact of various changes and ensuring a fair understanding in the area of responsibility

- Engender the support of a number of senior stake holders who may have their own conflicting local pressures

- Effective collaboration with Head of WMR Offshore in order that setting budgets, monitoring and reporting financial performance and cost distribution are managed in a comprehensive, efficient and coordinated manner

- The Role Holder needs to constantly drive high performance and team development in an extremely time sensitive environment; drive a uniform and consistent work culture across Manila and Bangalore. Hence, transparent, open communication and proactive leadership are necessary to succeed in this Role.

Role Context: (The environment and operating conditions of the role including the extent of guidance and authority)

- The role holder is responsible for defining and implementing a consistent and effective approach in Offshore Traded Risk Control. The scope of responsibilities of this role includes all aspects of business, risk and people management.

- This role will require the individual to assume a proactive, collaborative role across Off shore sites and on shore stakeholders to lead and manage an operationally - excellent- Offshore team.

Management of Risk: (Operational Risk / FIM requirements)

- Drive adherence to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.

- Demonstrate leadership on regulatory and compliance matters.

Observation of Internal Controls: (Compliance Policy / FIM requirements)

- Maintains internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner.

- Fosters a compliance culture within the team, managing compliance risk and ensuring that the necessary training is completed. Optimizes relations with regulators.

Role Dimensions: (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget. in USD- 000)

Knowledge & Experience / Qualifications: (For the role - not the role holder. Minimum requirements of the role)

- University graduate preferably with a degree in Management or Risk or Finance

- Significant experience in any of the WMR functions

- Similar Role in Offshore center for global bank will be deemed a - Plus-

- Knowledge & experience of various Traded Risk Control functions will be an advantage

- Leadership experience ideally within a global financial services organization

- Experience of managing within a complex matrix environment

- Proven capability to quickly adapt & learn in a highly dynamic working environment

- Track record experience of leading / implementing changes is expected

- Drive and tenacity to ensure change is effectively implemented

- Able to understand and translate Traded Risk Control strategy at the ground level & and provide directions accordingly

- Strategic & logical thinker with high situation management skills

- Strong interpersonal skills, with the ability to develop and manage relationships with senior stakeholders globally

- High level of ownership, self-starter with ability to work with minimal supervision

- Set stretching goals for self and team and deliver them with courage and tenacity

- Authentically engage with team, colleagues and stake holders to deliver at pace

- Make considered decisions that protect and enhance values, reputation and business

Shraddha Mehta.