AVP/Manager - Business Analyst - Financial Resource Management/Markets - Investment Bank

Hiring for AVP & Managers for Financial Resource Management team in leading investment bank at Bangalore.

- Candidates should have good exposure on CVA (Credit Value Adjustment).

Role Purpose (overall high level summary of the role) :

- Responsible for supporting the Financial Resource Management (FRM) team under Global Markets

- The individual will be running various kinds of quantitative analysis to support the desk including data intensive analysis, portfolio analysis, correlation analysis, market studies, impact analysis from regulatory changes etc.

- Assist with consolidating and interpreting data for various projects/analysis

- Use strong quantitative and analytic abilities to integrate and analyse data

- Play a pivotal role as part of the Global Core team looking at expanding in Bangalore

Principal Accountabilities : Key activities and decision making areas-Typical Targets and Measures

Impact on the Business :

- Collating meaningful MI on the financial resources portfolio globally

- Perform ad-hoc analyses for the desk (including smart data crunching, portfolio analysis, impacts of a specific regulation at portfolio level, etc.)

- Conduct counterparty level analysis of portfolios using FO pricing models

- Replicating large derivatives portfolios vs. a counterparty with limited instruments to be able to assess various impacts afterwards

- Identify risk based compressions portfolios (IRS, XCCY, Inflation)

- Develop small tools / extend existing tools to make financial resources optimisation more efficient

Update on a regular basis risks per counter-party for all products :

- Publishing MIs for financial resource portfolio globally

- Provide high-quality modelling solutions to support development and maintenance of portfolio models

- Keep abreast of regulatory changes/ requirements

Customers / Stakeholders :

- Key resources in FRM team - including Global Heads and associated resources

Internal Collaboration : Develops close and effective working relationships within respective Regions/ Countries/Functions /Global Businesses

- Feedback from Key Markets stakeholders

- Ability to turn around deliverables within pre-decided deadlines

Leadership & Teamwork :

- Responsible for ensuring seamless communication and teamwork between resources in Onshore locations and counterpart resources in Bangalore

- Builds strong relationships with counterpart resources in Onshore locations

- Contribute to team development, effectiveness and success by sharing knowledge and good practice, working collaboratively with others to create a productive, diverse and supportive working environment

- Effective support within the team and ability to step up

Operational Effectiveness & Control :

- Suggest ideas and contribute to implementing actions that will improve quality or the way teams and individuals work together

- Adhere to Bank policy, procedures and control requirements applicable to day-to-day working, exceptional and project activities, and raise any concerns about actual or potential issues promptly, in line with reporting and escalation procedures

Apply policies, procedures, practices and standards to their allocated tasks, taking responsibility for their own actions, to ensure the achievement of high levels of quality, effective risk management and regulatory compliance-

Process improvement initiatives :

Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)

- First offshoring of Markets Front Office roles so strong support and guidance will be required for the business

- A rapidly changing regulatory environment with extensive impacts on the Markets businesses

- A high risk and sensitive set of functions potentially to be offshored so it is critical there is no negative business or client impact

- Increasing focus on business continuity delivery

- Availability of appropriate resources and conflicting priorities across the business

Role Context (The environment and operating conditions of the role including the extent of guidance and authority) :

- By the end of 2015 the GBM footprint across the GSCs will be over 7000 FTE across 7 centres and 6 countries. The Service Centres will be supporting all business lines within GBM including Markets, HSS and Banking. Within the GBM Service Centre responsibility is also some of the global functions support for the businesses including for example Wholesale and Traded Risk.

- The Markets Front Office roles need to be integrated in to the wider GBM Service Centre structure whilst ensuring appropriate segregation with an effective support structure both within Markets as well as the wider GBM and HOST structures.

Management of Risk (Operational Risk / FIM requirements) :

- The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. This will be achieved by consistently displaying the behaviours that form part of the Bank Values and culture and adhering to Bank risk policies and procedures, including notification and escalation of any concerns and taking required action in relation to points raised by audit and/or external regulators.

- The jobholder is responsible for managing and mitigating operational risks in their day to day operations. In executing these responsibilities, the Group has adopted risk management and internal control structure referred to as the Three Lines of Defence. The jobholder should ensure they understand their position within the Three Lines of Defence, and act accordingly in line with operational risk policy, escalating in a timely manner where they are unsure of actions required.

Observation of Internal Controls (Compliance Policy / FIM requirements) :

- The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

- The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term - compliance- embraces all relevant financial services laws, rules and codes with which the business has to comply.

- No specific budget responsibility

Knowledge & Experience / Qualifications (For the role, not the role holder. Minimum requirements of the role.) :

Quantitative aptitude : Relevant working experience in quantitative modelling and basic derivatives pricing models would be desirable

- Have an understanding of the basic derivative pricing models and the mechanics and pricing of derivatives particularly interest rate derivatives

- Strong understanding of the concepts behind modelling portfolio analysis

- Effective communication skills and the ability to work with senior management globally and act as a team player

- Ability and willingness to upgrade to various topics and develop an overall understanding of the parameters impacting derivatives pricings

- Good working knowledge of PowerPoint and Excel including macros development

- Have a practical approach and the willingness to develop understanding and sensitivities around risks

- Gain expertise on the regulations around Global Market activities

- Knowledge of other Global Markets products would be desirable