Market Risk Specialist

Job Title- Market Risk Specialist

Location- Mumbai

Role Description

This role is for an Associate within the Strategic Initiatives Group (SIG)function. SIG is a function within Market Risk Analysis & Control responsible for:

• Analysing and testing of Front Office changes impacting Market Risk on both current and strategic set of systems
• Executing high quality analysis and providing clear & concise commentary explaining test results
• End to end delivery of fixes and enhancements to current production Market Risk Systems
• Running model calibration tests for Market Risk Methodology
• Owning and coordinating initiatives that lead to improvements in Run the Bank tools and business processes
• Submitting requirements to upstream, reviewing and testing implemented changes on MVRM systems and calculations to enable effective system consolidation and/or de-commission plans while ensuring quality of final outcomes

The successful candidate should be able to demonstrate a good understanding of market risk from a control, analysis and reporting standpoint, a good understanding of front to back processes and operating models at a tier 1 investment bank and strong verbal & written communication skills. Additionally, effective organisational skills are required to manage the delivery of SIG initiatives.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

Primary responsibilities are:

• Role includes support of following Projects (examples): FO system changes, risk standardisation and potential to engage with FRTB QIS team on adhoc projects
• Facilitate testing for Front Office migrations, including collating testing requirements, early analysis, testing and co-ordination of testing, results analysis and clear communication of results & analysis to stakeholders
• Communicating test requirements with key stakeholders involved in the Front Office system changes.
• Planning, scheduling and tracking different tests so that they are delivered on time, accurately and with minimal issues.
• Provide summary as well as clear, concise and relevant commentary on the test results to MRM to enable their review and sign off.
• Support core ‘Standardised Risk’ adoption test team in all aspects of testing and migrating native Kannon risk to CCO feeds, including performing risk review in Kannon Risk Viewer, end to end review of Market risk systems flows (current & future) to ensure correct sensitivities treatment in various calculations, test results communication with clear commentary and sign off gathering.
• Support review & perform testing to extend ‘Standardised Risk’ adoption to other valuation engines to enable more granular straight through feeds via Kannon CCO, helping MVMR reach target state architecture and de-commission plans. This includes specification gathering, review/enrichment, raising requirements to FO, reviewing Standardised Risk generated & sent via Kannon CCO and working closely with Front Office to ensure it is to Market Risk specification.
• Assist with preparation of relevant working group materials/updates to senior management on progress of the testing/project.
• End to end delivery of fixes and enhancements to current production Market Risk Systems
• Assisting in initiatives that lead to improvements in test process, Run the Bank tools and business processes.
• Pro-actively engage with risk production teams to ensure testing process is up-to-date and team knowledge includes latest production functionality. Engage collaboratively with MRM, MRAC, Methodology, IT, Strats and Finance on common issues.
• Develop reports or analytical tools to facilitate robust testing process, including automation in order to drive down costs and improve process.
• Contribute to analysis of potential improvements to current data flows which can be incorporated in future state systems

Your skills and experience

• Good product knowledge across one or multiple asset classes (Rates, Credit, FX, Equities products); good understanding of how sensitivities are generated, and calculation of various risk measures used to monitor Market Risk
• At least 5 years of relevant work experience at an international tier 1 bank or equivalent working in an equivalent Governance & Control / Project Management role in Market Risk; Market Risk Management, Control or Analysis background and/or Market Risk Projects experience of benefit.
• Experience and interest in how data and business processes should be organised front to back at a tier 1 investment bank.
• Good organisational and prioritisation skills a must to enable handling of multiple analyses, projects and priorities simultaneously.
• Keen interest in various risk frameworks and how they are interconnected for bank’s capital
• Logical thinker with good experience and skills in handling large data sets and keen interest to learn Python and/or SQL to enable solution testing and automation
• A team player with strong but collaborative personality
• Able to work independently with appropriate guidance
• Good verbal, written communication and interpersonal skills with ability to communicate well with key stakeholders across business areas
• Able to think clearly under pressure to deliver high quality results and willing to learn and adapt processes to achieve same/better quality results quicker going forward
• A committed and motivated individual for self development and growth
• Project Management Knowledge/Experience would be of benefit
• Keen interest in learning DBAnalytics (internal valuation library) will be a great advantage
• Actively supports the business strategy, plans and values, contributing to the achievement of a high performance culture
• Takes ownership for own career management, seeking opportunities for continuous development of personal capability and improved performance contribution
• Acts as a role model for new employees, providing help and support to facilitate early integration and assimilation of their new environment

How we’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

https://www.db.com/company/company.htm

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.