AVP - Market Risk - Investment Bank

We are looking out for the candidates who are having good exposure on Market Risk for the leading investment bank in Mumbai.

Overall purpose of role :

- As a Team Lead for the Market Risk team, the key expectation is to take responsibility for Market Risk processes assigned which includes managing the daily operational process of validating the Time Series (TS) data feeding the risk engines, ensuring timely publication of VaR and other risk measures ( SVaR, IRC, Back Testing, APR and CVA ).

- As a Lead the expectation will be to work closely with a variety of stakeholders including front-line desk risk management.

Key Accountabilities :

- Responsible for Leading and providing local oversight of Market Risk production team ( Business Line / Functional Team) in Mumbai.

- Responsible for operational management of daily deliverable

- Ensure any data quality gap is overcome by means of effective dialogue with internal and external team members.

- People Management for a team size of 10

- Ensure timely VaR sign-off ( Flash/Finals/ etc ) and other deliverable based on frequency

- Monitor, escalate any production gaps (people issues, system issues) to the management team or IT.

- To provide business requirements for any new development or fixes to the Market Risk Projects team or IT and to sign off test results.

- Subject matter expert on Market Data and VaR processes; responsible for training of new joiners in Market Risk Mumbai Team,

Stakeholder Management and Leadership :

- Liaise with the onshore teams, Risk Managers as well as with the relevant Change/IT teams for various key initiatives ( Tactical and Strategic Change, BAU escalations and Control tasks)

- Ability to deal with senior stake holders across different time zones ( support Risk Managers in Asia and EMEA )

Decision-making and Problem Solving :

This section should describe the extent and level to which the job requires evaluative judgement and analytical skills. Detail should be provided as to the type and complexity of problems and the impact the role has on developing or enhancing existing systems or processes

Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted] :

- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Banks Policies and Policy Standards

- Local SPOC to liaise with both Internal & External Audits to make sure that appropriate Controls are in place

- Ensure the Market Data / Risk measures function is compliant with all Regulatory requirements in terms of both timeliness as well as accuracy

- Ownership of the quality of the control checks on the processes

- Ownership of implementation of all proposed Risk Controls like the RCSA in a timely manner in the entire market data space

- Ensure complete adherence of the team to all internal Banks Policies and Standards at all times

Person Specification :

- Excellent communication skills

- Good knowledge of Risk, especially Market Risk concepts and methodologies

- Strong IT skills

- Depth of People Management

- Experience in building, managing, and improving processes.

- Prior experience in the Market Risk Reporting

- Masters Degree in a quantitative discipline ( Financial Engineering, Financial-Math)

- Deep knowledge of Risk Measures, sensitivity-computation methodologies

- Proficient in the use of IT Systems; ability to quickly come up the curve on in-house systems.

- Proficient in programming languages - VBA, SQL ( Preferred )

- Presentation Skills & Excellent skills on Excel

- Highly motivated, energetic individual with a strong process engineering and quality control focus.

- Comfortable liaising with the department's wide range of business partners that span globally,

- Strong problem solving skills and attention to detail.

- Team player and lead - willing to take on incremental responsibilities.

- Ability to cope with change and very tight deadlines

- Ability to deal with senior stake holders across different time zones ( support Risk Managers in Asia and EMEA )