Traded Risk Analyst - Reporting

Job Specification Traded Risk Analyst

The Department

Wholesale and Market Risk (WMR) is the central point for matters relating to traded credit and market risk within the Group. This includes the design, development and implementation of traded credit and market risk policy and systems. WMR is also responsible for reporting the Group's consolidated market risk exposures and has a delegated authority from the Group's Risk Management Meetings (RMM) to approve market risk limits throughout the Group.

The Role

The purpose of the role is to produce consolidated Traded Credit risk, market risk and Value-at-Risk (VaR)

Information daily for senior Group and Global Banking and Markets executives.

The successful candidate will work closely with the on-shore team in London, HongKong and NewYork to carry out the following activities:

- Preparation and analysis of accurate and timely daily market risk and VaR reports for senior management.

- Analyze and provide commentary on changes to risk exposures on a daily basis.

- Track the daily market risk returns from all trading entities, and liaise with regional market risk managers and finance functions to resolve any data issues in the daily returns.

- Finalize the daily Group VaR for both internal and external reporting purposes.

- Tracking the market risk limit excesses submitted by the sites, and the preparation and review of limit excess reports for senior management review.

- Administration of limit amendment procedures, that requires the accurate tracking and timely maintenance of regional and site limit records.

- Monthly production of material limits amendments and excesses for the Business Control Committees.

- Preparation of monthly risk management papers for the Groups RMM and the Global Banking and Markets

Risk Management Committee.

- Preparation of Issuer Risk reports, EAD reports and other Credit Risk reports.

- Perform various UATs with respect to the Risk systems and provide signoff on the functional aspect.

- Other analyses will be needed on an ad hoc basis, and familiarity with a variety of sources of information

- Internal and external - is necessary. For example analysis of data histories held on internal risk systems or Bloomberg.

- Perform counterparty onboarding, exposure analysis, reconciliations, limit monitoring for counterparty exposures

- Deal promptly with ad hoc questions on risk-related information, investigate any apparent data

Discrepancies and resolve as necessary.

Knowledge, Skills and Experience requirement

- Qualification in finance, accountancy, business management or previous experience in risk management

(Market Risk and Credit Risk) is essential.

- Highly competent in the production of information, and the ability to process and analyse large volumes of data.

- Excellent communication skills

- Excel and VBA skills are a pre-requisite

- Ability to work under pressure and to tight time-lines is essential

- A detailed understanding of the credit risk measures like PD, EAD, LGD, Expected Loss, Unexpected Loss and credit risk concepts like counterparty credit risk, credit derivatives.

- An understanding of market risk measures such as present value of a basis point (PVBP) and VAR, or detailed understanding of the valuation of capital markets and derivative products is desirable.