Senior Manager - Product Control - Counterparty Credit Risk Team - Investment Bank

Location- Gurgaon

Designation- Senior Manager

Shift: 12:30pm- 9:30pm

Overview:

The product control team includes all counterparty related valuation adjustments (CVA, FVA, KVA etc called XVAs) teams and Collateral PnL (CT&O) team. product control teams are responsible for assisting in Analysis & reporting of XVAs & Collateral PnL and ensuring integrity, completeness and accuracy of PnL data.

- This Teams will closely work with CPM desks and support them by providing underlying Vs hedge PnL analysis & explain taking into account any collateral. Functions include daily analysis of market moves and their impact on PnL, input data analysis and control, sending PnL& control reports to desks on T+1 & T+2 basis, feeding PnL into Ledger and work on ad-hoc desk requests emanating from BAU.

Responsibilities-

- CPM Daily P&L Explains

- Review and validate daily inputs into CVA, FVA calculation

- PNL generation

- Commentary and submission into Ledger

- Develop Market Data Quality Reports generation

- Participate/Initiate PnL& Risk analysis in response to any market/regulatory event

- Process Improvement

- Identify issues and control gaps in existing infrastructure

- Work with technology team to streamline our processes and enhance data integrity and control

Responsibilities for this role will initially require an associate to perform daily business as usual operations which entails running of reports and interacting with various stakeholders to refine existing processes. Also, individual will be accountable for the success of small projects or sections of larger ones & responsible for the quality and timeliness of all project deliverables.

 Requirements-

 Education-

- Bachelors/Masters Degree in Finance, Financial Engineering

- Certifications If Any

- Good to have (not mandatory) - CFA, FRM

 Experience Range: 6 - 8 years of experience working in a Middle Office / Market or Credit Risk role

Mandatory skills-

- Basic Understanding of Credit (counterparty) risk and credit derivatives used in hedging

- Knowledge of financial instruments including the valuation of OTC derivatives in IR, FX, Credit

- Knowledge of Pricing vanilla derivative products like Futures, Options, Indexes, CDS, FRAs, SWAPs, SWAPTIONs, CAPs/FLOORs. Knowledge of Financial Risk Management. Knowledge of Interest Rates, Credit spreads, bond pricing, etc.

- Understanding of XVA's such as CVA, FVA, KVA etc

- Strong Technical Skills including: Excel/VBA programming

- Ability to write SQL queries, understand types of joins, case statements and aggregation functions