Head of Equity Market Risk

The successful applicant must ensure that key risk exposure concentrations are appropriately managed in accordance to local, regional, global Limit framework governance. The role requires the candidate to represent Equity MRC locally on key tactical and strategic infrastructure role outs within the equity business and also to lease where required on risk opinion in response to local, regional global Audit , compliance and Regulatory requests.

Key aspects of the role will be require management on key risk concentrations and the appropriate balance between risk and reward, proposing and monitoring appropriate risk limits, aggregating, assessing and reporting on risk exposures in a transparent and timely manner, and implementing market risk policies. It is essential that a world-class risk control platform and framework is to be applied to our Equity business.

Client

• Work closely with our Equities division to ensure a sound control MRC framework

• Understand the issues driving the Equity business in order to provide support/advice

• Build relationships between Equity support businesses ( BUC, DMO’s and CRC

Job specific

• Roll out/Implement Equity risk control policies and measurement framework, ensuring they are consistent with UBS Global Equity CRO IB Framework

• Ensure UBS delivers products that have been mandated, and that risk levels are reasonable and justifiable as linked to performance

• Monitor and enforce all risk limits and policies

• Approve all new businesses and products in conjunction with other logistics functions

• Define and roll out strong non-standard transactions approval proces

• Contribute to risk management and governance committees with a focus on risk positions and market conditions

• Provide objective evaluations on the risk culture of the various businesses, as well as performing stress event analyses as appropriate to evolving circumstances.

• Contribute to the reviewing of method /maintenance of the Stress and VaR frameworks applicable to the ANZ Equity business

Essential

• 5 or more years experience in the control challenge at sub desk/desk, business head level.

• Technical understanding of risk factors that drive business pl (FICC or Equity)

• Technical understanding of Vanilla and First Gen Exotics Risk ( Equity, FX preferable)

• Maths/Science or Finance degree

Beneficial

• Technical understanding of Historical simulation VaR method

• CFA, ACA, CPA or similar.

 

June 17, 2013 • Tags:  • Posted in: Financial

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