Vice President - Risk & Finance Data Provisioning Market Risk Team

RFDAR is globally led by Melanie Neill and reports to the Chief Risk Officer (CRO); the function is located across all major locations and is responsible for:

- market risk information management & reporting

- credit risk information management & reporting

- operational risk information management and reporting

- managing development and implementation of risk and finance systems

- regulatory change and coordination, establishing policies covering market risk, credit risk, operational risk and finance

The Risk and Finance Data Provisioning Team for Market Risk (RFDP) is part of RFDAR and is globally led by Suprabha Dikshatha. RFDP comprises approximately 80+ staff globally with presence in Mumbai, Pune and Singapore. The team has overall responsibility for controlling the end-to-end process of collating risk and finance data for measurement, analysis and subsequent reporting to senior management, regulators and traders as well as other downstream users.

MAIN DUTIES/RESPONSIBILITIES OF THE ROLE:

The RFDP Market Risk Team in Mumbai is seeking to recruit a VP to join the growing team. The successful candidate will be responsible for the end-to-end process of collating market risk data for measurement, analysis and subsequent reporting to senior management, regulators and traders as well as other downstream users.

The role involves:

- Managing the Sourcing of market risk data including positions and sensitivities to ensure completeness for the Investment Bank across various businesses and trading strategies

- Ensuring timeliness of the data available for calculation and reporting by following up with IT stakeholders to understand root causes for delays.

- Ensuring accuracy of risk positions and sensitivities through position and portfolio move analysis, impact of market moves on portfolio, impact of product behaviour on sensitivities among other approaches

- Validating Market Risk Measures calculated like VaR explaining all moves with respect to moves in the portfolio, market moves etc

- Implement and Owning the Control Framework for all risk and finance data.

- Managing process stakeholders

- Managing the roll out of enhancements in risk systems, processes and data feeds.

- Representing the RFDP Market Risk Team on all tactical, strategic and regulatory projects and initiatives conducted within the firm.

You offer :

EDUCATION AND PROFESSIONAL QUALIFICATIONS:

- Graduate or Post Graduate in Finance/Statistics/Economics/Science / Mathematics.

- Completed or currently taking the CFA or FRM qualifications would be desirable.

WORK EXPERIENCE/BACKGROUND:

10 - 15 years of experience in a financial services institution in a similar role

TECHNICAL/BUSINESS SKILLS & KNOWLEDGE:

- Strong analytical skills

- Knowledge of various financial and derivative products, financial markets

- Good understanding of market risk methodologies: VAR and other risk measures.

- Good understanding of financial greeks and their relation to financial products and derivatives used in the calculation of various risk measures

- People Management and Leadership Skills

- Stakeholder Management and Project Delivery / execution Skills