Counterparty Credit Risk Reporter # 127314

Job description

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 & Finance Data Provisioning Team is part of RFDAR and is globally led by Suprabha Dikshatha. This opening is in RFDP - Market Risk Infrastructure team which comprises of approximately 75 staff globally, led by Chaitanya Shah. The team has presence in Mumbai and Singapore locations. The team has the responsibility for end-to-end process to ensure completeness of underlying risk data, perform data input sanity checks (L2 checks) and validation of calculated risk measures (L3 checks) such as VAR/IRC/ERC for market risk.

RFDP - Market Risk team is seeking to recruit an ENO to join the team. You will be part of the RFDP Market Risk function in Mumbai.

The role involves:

· Understanding of dynamics of market data inputs, trade attributes and market risk sensitivities required for analyzing VAR/ERC/IRC movements.
· Ensure completeness of the underlying sensitivity data; perform exception clearing and necessary data adjustments.
· Review and Validate material day- on-day changes in underlying risk sensitivities.
· Liaise with respective IT and support teams to resolve any data related issues.
· Review and Validate material day-on-day changes in calculated risk measures (VAR/ERC/IRC), accurately attributing to input data changes identified by Market Risk Data Management and Control Team, market data changes in time series and risk computation methodology changes.
· Provide accurate and meaningful commentary to highlight driver(s) of material calculated risk measures (VAR/ERC/IRC) in validation templates.
· Notification to Market Risk Reporting and Analytics team on a possible delay, reason of delay and ETA on completion of Market Risk measures validation process.
· Perform Market Risk Data Quality Management to gather Time Series data / methodology issues if any. Inform and/or raise to appropriate teams, and follow up on remediation plan on time.
· You will have deep understanding front-to-back data flows and system architecture.
· To participate in the roll out of improvements in risk systems, processes and data feeds as well as contributing to various tactical and strategic projects and
· Working closely with the Business, IT Departments, Controllers, Operations and your counterparts in other regions.

Desired profile

Qualifications :

·  You have strong product and deep knowledge from at least 2-4 years' experience in an investment banking environment
·  You have deep knowledge of market risk concepts, internal models and standard rules
·  You are Graduate or Post-Graduate in Finance /Statistics/ Economics/ Sciences and Mathematics
·  You have completed or currently taking the CFA or FRM qualifications would be desirable