Vice President - Market Risk Process - Investment Bank

Vice President - Market Risk Process (Investment Bank)

Candidates strictly from Investment banking should Apply.

Role Description :

Market Risk Process :

Background :

Market Risk Operations is an established function of over 140 staff globally which is dedicated to supporting Bank's Market Risk function.

The primary role of Market Risk Operations is to provide the following services :

- Analysing and understanding daily changes in Bank's risk profile (VaR, sensitivities, stress tests etc.)

- Value-added analysis to enable Market Risk Management (MRM) to optimally manage risk in conjunction with the business

- Key data management tasks including risk data loading, aggregation, calculation, and reporting

- Market data sourcing and validation

- Drive user testing, training, communication and data migration for all market risk projects affecting quality and timeliness of market risk data

Responsibilities :

The specific role comprises the following responsibilities :

- Perform quality controls on risk input feeds and seek validation from data providers on stale or significant changes in risk figures.

- Driving resolution of data related issues by working in collaboration with IT / Middle Office / Finance / MRM

- Explain significant VaR changes in assigned business lines based on sensitivities, volatilities and correlations.

- Perform analysis of Economic Capital (EC) and Stress Testing calculations

- Production of daily / weekly global and business level risk reports

- Working with Market Risk Managers to test and implement new risk calculation methodologies

Requirements :

- Educated to degree level qualified in a numerate discipline

- Experience working in a Market Risk position at an Investment Bank

- Excellent communication skills ability to discuss and escalate technical and financial issues with global counterparts

- Detailed focused, numerically literate

- Strong technology skills and adaptability to new applications

- Strong focus on internal controls and integrity of data

- Strong skills with Microsoft Office (Excel, PowerPoint, Access)

- Team orientated and self-motivated

- Able to cope well under pressure and meet tight deadlines