Risk Data Mgmt & Reporting

JOB SPECIFICATIONS - Equity Scenario Risk Analyst

Location - Mumbai

Exp - 2 -6 years

Qualification - MBA (Finance)

Company - Leading Investment Bank

Department and Team Profile

The team is responsible for conducting market risk stress tests for the bank's vanilla/derivative portfolio. This is a key risk management tool used by senior management, Front Office and Risk Management to monitor and manage market risk, as well as a key regulatory function. The role includes weekly and monthly reporting as well as development of new scenarios and ad hoc analysis. The team is exposed to a wide variety of different products & include vanilla and structured products covering equity/equity derivatives etc

Job Description

The role is expected to cover numerous aspects, candidates will be expected to learn the business and the environment by starting with data collation and analysis tasks, as their knowledge and experience increase they will take over more complex portfolio analysis and scenario calibration roles, specifically the following tasks will be performed:

- Data management - overseeing the initial loading of overnight scenario feeds, identifying, and fixing breaks in the automated process and liaising with front office IT, and risk IT to implement resolutions.

- Reviewing, analysing the automated overnight scenario results to identify and comment on large changes, and potential errors.

- Liaising with the London scenario team, on major moves, and on any errors that have been identified.

- Investigating and correcting scenarios that have failed to value due to model instability or other causes.

- Setting up pre-defined scenarios in the appropriate Front Office Risk Management systems

- Analysis and review of scenario results, focusing on understanding behaviour of derivative products under scenario conditions

- Production of scenario analysis reports for distribution to senior management and regulators

- Continuous review of existing control environment and processes in order to improve controls and efficiency of process

- Performing full revaluation of pre-defined scenarios on books or parts of the business

Key Skills Required

- Ability to build a practical understanding of pricing models, in order to debug failed scenarios.

- Good IT skills to ensure scenarios run through efficiently, with minimum manual intervention.

- Analytical skills to understand complex products & businesses.

- Good communication skills to discuss scenario results with other Scenario teams in risk management

- Attention to detail to allow the candidate to identify potential errors in Scenario Results

Candidate

- Numerate degree essential

- Preferable 2-6 yrs experience in banking or IT related role with a focus on data management and reporting

- Basic knowledge of finance theory and products is a prerequisite

- The need for Interaction with the London office may require flexible working hours

Please mail your CV's to vandanadk@clematis.co.in