Edelweiss Financial Services - Market Risk Manager - Quant

ABOUT EDELWEISS:

- Edelweiss is a complete financial services firm, evolved over the years from a boutique investment bank. We have built a strong presence across verticals in the equity capital markets, financing, asset management and now retail business. The firm's culture promotes entrepreneurial and results-driven approach while teamwork and intellectual rigor are an integral part of one's performance. We encourage members to display higher levels of initiative, hunger for learning, be self driven and taking on additional responsibility.

- Edelweiss considers itself as a - young- organization and defines young as hungry for growth and driving that hunger through innovation and creativity our core values.

- The cornerstone of Edelweiss- risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Edelweiss- capital base and franchise. Risk Management protects the firm from exposure to losses resulting from defaults by our lending and trading counterparties.

ABOUT THE TEAM:

Global Risk Group (GRG) is a centralized risk group which oversees the risk at the organization level and is responsible for identification, quantification, monitoring and management of risk. Some of its activities are listed below:

1. Provide the overall leadership, vision and direction for risk management in Edelweiss

2. Establish an integrated risk management framework for all aspects of risks across the Organization

3. Develop risk management policies, including the quantification of our risk appetite through specific risk limits

4. Implement a set of risk metrics and reports including key risk exposures and early warning indicators

5. Develop the analytical, systems and data management capabilities to support the risk management

6. Oversight of risk at an organizational level and adequate communication with the top management

ABOUT THE ROLE:

- As a Market Risk Manager, the candidate will handle the market risk-related engagements with teams.

- He will be responsible for assessment, monitoring and mitigation of the proprietary trading portfolio across the following asset classes - Equities, Currencies, Fixed Income Instruments, Commodities & Illiquid Investments.

Key items to look at :

- Act as risk-SPOC (single point of contact) for proprietary trading business

- Manage Structured Products risk assessment

- Manage and Enhance Risk Reporting and Dashboards for proprietary market positions

QUALIFICATIONS AND EDUCATION REQUIREMENTS :

Bachelor's or Master's degree (or equivalent) in Finance, Economics, Mathematics, Physics, Engineering, or a related quantitative field

PREFERRED SKILLS:

- Should have strong previous work experience (2 to 4 years) on derivative pricing models and derivatives risk management gained in a similar role at an investment banking institution

- In-depth knowledge of mathematical finance, derivative pricing, and numerical techniques

- Ability to program pricing and risk models

- Clear thinking, good business sense and judgement

- Strong interpersonal skills

- Excellent oral and written communication skills

- Professional qualification e.g.CFA/FRM needed

- Outstanding mathematical and analytical skills

- Proficient in Equities. Additional knowledge on FX, Rates would be appreciated

- Experience of Market Risk & Financial Services Regulation - experience in FRTB and CRDIV/V preferred

- Good knowledge of PE, EPE models for counterparty credit risk