Senior Analyst - Market Risk/Stress Testing

Overview:

Market Risk Management works to identify, monitor and control the firm's exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Powai Market Risk managers liaise with the risk managers in the trading centers on a daily basis to help manage their market exposure, set & review risk strategies. Major activities involve daily analysis and interpretation of the results of risk sensitivities; validation of VaR, Incremental Risk Change, Economic Capital numbers and sign-off on the relevant Risk systems & preparation of risk reports for traders and senior business management. Risk managers are also expected to re-engineer the risk reporting process and provide ad-hoc risk views and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads

Position Specifications

Division : Global Risk

Function : Market Risk - Stress testing

Corporate Title : Senior Analyst

No. of Position : 1

Experience : Overall 1 - 3 years

Qualification : Engineering with MBA

Role & Responsibilities of the position in brief:

- Stress testing primary purpose is to ensure that all material risk concentrations are understood and consistent with the Firms risk appetite and business strategy

- Stress testing is carried out on a regular basis to ensure that the firm has sufficient resources to continue to do business in the event of a severe downturn scenario beyond the reach of VaR/Economic Capital

- Define and implement a comprehensive scenario analysis and stress testing reporting framework for counterparty credit risk

Identify significant risks and define the relevant scenarios

Liaise with Credit Risk management to confirm and corroborate scenario and stress testing results

Help running the appropriate scenarios and develop associated Market Intelligence

Challenge results and comment when needed

Ensure best practice governance is in place and that regulatory demands are met

Ensure stress tests are suitable, up to date, and continually reviewed, and adopt the most appropriate methodologies and methods

Answer ad-hoc requests around stress testing process and data

Key Skills:

- 1 - 3 years of experience in Market Risk/Stress testing

- Good understanding of Excel and VBA coding

- Experience of making reports and process handling

- Engineering with MBA would be preferred

- Basic Knowledge of Financial Products, Financial Markets, Economics