Associate - Business Resource Management - Global Markets - Investment Bank

Job location - Mumbai Powai

Shift Timing - 1- 10 pm

Backround of Quant background

Basic knowledge of VBA, Python, Derivate Pricing, Valuation

Business Unit Overview:

Wholesale BRM trading team manages the counterparty, funding and financial resources for the firm, working closely with various other desks like Trading, Treasury etc. The team is also actively involved in multiple regulatory driven projects like implementation of NSFR, Leverage Ratio, Bilateral Initial Margining, to name a few.

Powai BRM team works as an integrated part of the global team and participates in its various day to day activities as well as new initiatives. This role will primarily focus on supporting the Bilateral IM tasks and managing associated funding and collateral costs of firm, while also requiring help on other projects of global BRM team from time to time to meet its objectives.

Position Specifications:

Corporate Title Associate

Experience 2 - 5 years

Qualification Graduate/Post Graduate degree in Engineering or Quantitative subject

(Mathematics, Physics, Statistics

Role & Responsibilities:

- Investigating and analysing IM breaks between the organization and counterparts which are caused by model differences or risk sensitivities differences or other non-trivial issues.

- Pro-actively engaging with counterparties to understand and confirm root causes of the differences in order to resolve them.

- Liaising with various others teams, for e.g. Quants, BRM management, etc. as and when required.

- Monitoring the effectiveness of the SIMM for future development of the model, in conjunction with Quants.

- Participating in various project related working groups and driving the requirements from GM & BRM perspective.

- Working with global and regional BRM teams and helping them in meeting their objectives related to various projects

Mandatory :

- Strong analytical skills

- Basic understanding of numerical techniques and models used in derivative pricing and how Greeks are calculated

- Strong Excel skills

- Excellent oral and written communication skills

- A good team player and having a "self-start" approach to learning and solving problems

- Able to put long hours in office during weekdays depending on work pressure

Desired:

- Experience in role dealing with market risks or credit risks or derivative valuation

- Programming skills in VBA, Python