Stress Testing Role - Investment Bank

- 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

- Analysis and review of scenario results, focusing on understanding behaviour of derivative products under scenario conditions; especially traded credit/spread products

- Implementing improvements to stress testing reporting information and developing new stress tests in order to provide effective key risk management information to senior management

- Working with front office and other risk managers to review current portfolio risks and trading strategies in order to develop new scenarios / improve current scenarios to fully address market risks

Overall consolidation Reporting : monthly / quarterly to senior management and regulators

- Satisfy the regulators scenario requests and other infrastructure and control requirements