Manager - Python Risk Derivatives - BFS

Manager - Python Risk Derivatives - Mumbai

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

Working Flexibly :

We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

If you would like some flexibility then please discuss this with the hiring manager.

Introduction :

- Support the execution and ongoing development of a key new regulation: margin for the non-centrally cleared derivatives. The regulation stems from a set of G20 financial reforms and team ensure remains compliant with the global regulatory requirements.

- This is a high-profile front office position which will require a high level of engagement with a variety of stakeholders across the Markets, including Trading, Sales, Risk, Legal, QA, Technology and Operations

What will you be doing? :

- Performing margin analysis for counterparties who will be coming in-scope for Sept 2020 & Sept 2021 as well as client engagement

- Monitoring and oversight of counterparties subject to margin for non-centrally cleared derivatives portfolios

- Providing oversight to Operations team who support the daily IM calls, disputes to ensure timely resolutions

- Performing regulatory model monitoring tasks & driving the strategic IT deliverables

- Work with Trading, Sales on the internal pricing queries

What we're looking for :

- Experience working within front office or suitable business or model focused quantitative role

- Experience of managing a complex regulatory driven processes or client facing structuring role

- Experience in building risk and/or margin models and technical understanding

- Front office quantitative or analytical experience from top tier investment bank

- Experience in working within regulatory margin team

- Experience of pricing OTC derivatives from trading or structuring role

Skills that will help you in the role :

- Excellent knowledge of Investment Banking Markets businesses

- Understanding of EMIR, Dodd-Frank regulatory reforms including margin for non-centrally derivatives

- Understanding of OTC derivatives pricing, risk including value-at-risk, historical simulation and VCV (variance covariance)

- Understanding of risk, margin and collateral management practices

- Understanding of OTC bilateral trade lifecycle & front-to-back flows

- Proficiency in MS PowerPoint, Word, Excel & Access

Desirable skills/Preferred Qualifications:

- Understanding of first and second order risk sensitivities

- Understanding of collateral management function

- Understanding of relational database & SQL coding

- Coding skills in Python or R