Traded Risk Role - BFSI

Must Have:

- A good understanding of Traded risk

- Good working knowledge of capital reporting requirements and regulations

- Good understanding of various capital reporting metrics - Capital ratios, deductions from capital, how they are calculated.

- End to end internal Audit and good knowledge on Credit or Market Risk

The Opportunity:

The role supports the Traded Risk function in establishing the Assurance activities within Traded Risk. Initially, this role will provide input and execution support for the Group's Risk Management Framework (RMF) enhancement programme and will support the roll out of a control assurance framework for Traded risk that provides a common set of standards and definitions. This will require coordination with business and functional stakeholders at Group and regional levels and the role holder will support the Senior Manager in managing these activities once in a business-as-usual state.

This role will also support the thematic review and closure of risk and issues relating to Traded risk arising from Management Self-Identified issues, regulatory requirements, Compliance, Internal Audit, and External Audit and ensuring that these matters are well understood by senior management and addressed on a globally consistent basis

What you'll do:

Governance and Committee Memberships:

- Accountabilities for Business, Customers and Stakeholders

- Support in the definition and scoping of the Traded Risk Assurance function, promoting and implementing synergies and efficiencies while securing an optimal and best in class control environment.

- Challenge the first line control and risk owners to ensure that risk management activities are working effectively. This includes the following activities for Traded Risk

- Provide subject matter expertise, advice, guidance, and effective challenge to the Risk and Control Owners;

- Monitor compliance of the minimum requirements applicable to the management of Traded risk, as set out in relevant policies.

- Report on the risk and control profile, including impacts of external environment changes, emerging risks and changes to the business strategy;

- Work with the business to understand the impact of emerging risks that require changes to controls, resources and business operations to ensure they remain within appetite;

- Support definition of the Risk and Control Library, including minimum control standards, with input from Risk Owners, and Control Owners, specifying key risks and key controls and providing guidance on continuous monitoring expectations.

- Recommend Risk and Control Assessment ("RCA") scoping, and challenge where this is not appropriately applied in the RCA; and challenge Risk and Control Owners on risk and control management, including inherent risk, residual risk, control effectiveness ratings, issues, actions and events.

- Work closely with Internal Audit (INA) to understand the outcomes of their reviews and how this affects the control environment.

Qualifications - External

What you will need to succeed in the role:

- CA / MBA in Finance or Masters in similar and relevant field

- At least 2 years of work experience in a Big4 / Financial services firm in area of internal audit, assurance or Traded risk management

- Good working knowledge of capital reporting requirements and regulations

- Good understanding of various capital reporting metrics - Capital ratios, deductions from capital, how they are calculated