Associate/Senior Associate - Global Risk - Financing Risk

Associate/Senior Associate - Global Risk - Financing Risk

Position Specifications:

Corporate Title- Associate / Sr Associate

Experience 5 - 8 years

Qualification- MBA from a reputed institute / Masters in Financial Engineering / CA

Job Location - Mumbai Powai

Business Unit Overview:

- Credit Risk Management operates as a credit risk control function within the Risk Management Division, reporting to the CRO.

The process for managing credit risk includes:

- Evaluation of likelihood that a counterparty defaults on its payments and obligations;

- Assignment of internal ratings to all active counterparties;

- Approval of extensions of credit and establishment of credit limits;

- Measurement, monitoring and management current and potential future credit exposures;

- Setting credit terms in legal documentation, including margin terms; and Use of appropriate credit risk mitigants, including netting, collateral and hedging

- Credit Risk Exposure Management (CEM) is a functional unit under Credit Risk Management (CRM) that aids in managing counterparty credit risk. It acts as a single service point to support Credit Risk BU and other functions on:

- Required margin level and collateral composition for client trades and portfolios

- Regulatory and Economic Credit Risk Capital analysis for different legal entities and portfolios

- Portfolio concentration, liquidity and margin shortfall risk analysis

- Credit Limit Management through analysis & validation of current and potential future exposure analysis

Role & Responsibilities:

- Monitor & analyse client portfolios in terms of credit exposures (CE, PE, EE, etc.), risk profiles and margin levels and provide commentary on the drivers for the risk exposure and daily moves

- Quantify and provide appropriate haircut levels for securities financing transactions, likewise calculate initial margin for all OTC trades with hedge funds and other clients.

- Participate in margin methodology development, enhancement of existing margin models and their documentation

- Manage risks for the firm's portfolio of collateralized transactions through relevant portfolio analysis using different parameters such as credit risk metrics, VaR, stress & liquidation scenarios, etc. and its reporting.

- Understand the rules & regulations of various regulatory bodies (such as JFSA, PRA, BaFin &, SEC) applicable for Regulatory Credit Risk Exposure & Capital calculations and ensure its correct implementation for the trade portfolios.

- Work with various risk managers and other stakeholders, internal audit, model validation group to address their requests for additional analysis based on specific needs as they arise.

- Automate/Simplify/Standardize risk management processes wherever possible to create efficiency and focus on risk analysis & mitigation strategies

Mandatory Skills:

- The individual requirements for the candidates for the roles would be strong knowledge of various derivative products across different asset class (IRS and FX derivatives, Equities, Convertible Bonds, Repo, Futures and Options, and Fixed Income), its valuation and risk calculation methodologies.

- Analytically inclined. Candidates should have good understanding of Derivative Risk Management

- Solid technical knowledge and business understanding about various risk management concepts & measures such as CE, PFE, Credit Risk RWA, VaR, Stress testing, and scenario analysis.

- Strong interpersonal skills, prior experience of stakeholder management

- Previous work experience in Financial Markets (Prime Brokerage/Equity Financing,

- Derivatives Trading, Market & Counterparty Credit Risk management) preferred

- Excellent PC skills with advanced competency in Microsoft Excel, Macros/VBA and Python

- Self-starter and ability to multi-task under pressure and meet various deadlines

- Strong team player and a quick learner

- FRM / CFA level 2 or above preferred