Head - Prime/Derivatives Clearing Services Business Risk - BFSI

Head - Prime/DCS Business Risk, India

Customer Segment & Location :

Country/Department : Global Markets, Hedge Funds / Cross-Asst

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

- Provide first line of defence risk management for the Prime Finance, FX Prime Services and Derivatives Clearing Services (DCS) businesses.

- The role holder will fulfill these responsibilities through thorough and proactive analysis and communication of risks within client portfolios, proposal of appropriate margin levels; controlling the amount of leverage/financing provided and setting appropriate client-facing limits and contributing to the development of sound methodologies for margining and measuring the risk in client portfolios.

- The role holder will have responsibility for ensuring that the business's risk stays within the Prime / FX Prime market risk mandates and applicable credit limits.

- The role holder will also contribute to the development of margining and in-business risk management models across all existing products and for new products and initiatives undertaken by these businesses globally.

Principal Accountabilities :

Key activities and decision making areas :

Impact on the Business :

- Manage the exposure of the bank to its clients through setting appropriate margining and risk limits for clients.

- Help the business to identify and understand key risks in its client portfolio through proactive risk analysis.

- Make recommendations for risk mitigation where risk exceeds appetite.

- Help the business develop products/solutions that are both sound from a risk management perspective and attractive to clients.

Customers / Stakeholders :

- Develop risk/margining terms that balance the needs of the client.

- Keep management aware of key risks within the hedge fund portfolio and help to define an understanding of the appetite for these risks.

- Engage with colleagues and Traded Risk / WMR / Hedge Fund DD team to ensure that solutions put in place are within the risk appetite of the bank.

Leadership & Teamwork :

- Mentor and support the development of junior members / direct reports in the team.

- Contribute to success of the business and the Portfolio Management team at both the regional and global level by supporting colleagues and managing global issues on a follow-the-sun basis.

- Work closely with colleagues in Markets, independent risk and Banking.

Operational Effectiveness & Control :

- Reduce manual processes used for margining and risk management to control operational risk.

- Implementation and operation of robust risk control framework.

- Ensure that business stays within market risk mandate.

Role Context :

- The role holder will be responsible for business risk management in respect of hedge fund clients within Global Markets.

- The role holder will be expected to make independent decisions with respect to risk management / margining and escalate to senior management within guidelines or when appropriate.

- Need to operate within trading mandates and permitted instruments lists given to these businesses by Traded Risk and limits set by Credit against the business's clients.

- The role holder is expected to proactively manage exceptions to policy, working with the management of the business, heads of trading and the independent risk function.

- The role holder will work with these same stakeholders on change initiatives and must help ensure that impacts of these initiatives are well understood and mitigated appropriately.

Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget. in USD- 000) :

- The role holder will be part of a team responsible for the risk management (first line of defence) of Prime Finance, FX Prime and DCS exposures globally