A world renowned bank are looking to onboard a market risk analyst to their Global Risk Analytics (GRA) team. GRA is a global team covering all risk types and is accountable for model risk. To name a few, it covers credit risk, market risk, traded risk, counterparty credit risk, anti-money laudering, sanctions, anti-bribery and corruption, conduct risk, operational risk. GRA is tasked with setting policy and standards, and providing cutting-edge tools to help identify, measure and manage risk, and ensure compliance.
This is a role responsible for supporting the development and maintenance of market risk models and methodologies for more accurate traded risk measurement and management.
Key accountabilities:
- Assess and validate the performance of risk models using real world data. The model could be an existing or a new model,
- Understand the features, assumptions and limitations of the model, propose a validation approach, identify target market data for the purposes of validation and undertake the validation within agreed time lines,
- Participate in adhoc projects as they arise from time to time and provide any information relating to in a prompt and coherent fashion,
- Suggest improvements to the existing frameworks with a view to automate systems and help implement agreed changes,
- Identify areas for efficiency improvements, automation and enhanced controls in existing processes,
- Document proposed changes and agree with the on-shore process team prior to implementation. Document all process changes and improvements to reflect the latest process
- Being able to clearly explain model details to other areas of the bank in non-technical language, and assisting in the on-going usage of these models in a day-to-day risk management setting, e.g. helping to explain significant model value changes.
Requirements:
- Qualification in Maths/Engineering/Science/Finance/Business Management,
- Strong analytical skills and experience in market risk analysis,
- Professional qualifications such as FRM/PRM/CFA Levels are an added plus,
- Good understanding of statistics,
- Excel and VBA skills are a pre-requisite,
- Familiarity with sophisticated tools for numerical analysis (eg. Matlab),
- Basic understanding of market risk measures and derivative products,
- Ability to work under pressure and to tight time-lines is essential,
- Strong analytical skills,
- Competent in the production of information, and the ability to process and analyse large volumes of data,
- Open personality and effective communication skills, ability and flexibility to work in an international team,
- Ability to write clear and understandable documents,
- Desire to learn and grow in a challenging environment.
GRA offers:
- Stable job in professional team,
- Interesting path of career in an international organisation,
- Consistent scope of responsibilities,
- Private health care, employees’ benefits.
If you wish to apply or discuss this role in more detail, please do not hesitate to contact Bradley Handelaar for a confidential conversation by phone or email - 0207 092 3250 / bradley.handelaar@eamesconsulting.com
