Head of Market Risk for APAC STMF, FX, Credit and Exotic Deal Clearance recruitment
Specific Responsibilities
1. Risk Management, Monitor and Control
- Ensure that trading activities are in line with the bank’s stated risk appetite and the risk management governance standards.
- Identify any correlated risk, concentration risk, liquidity risk and emerging risk;
- Communicate, assist and appraise front office trades, strategies and structures;
- Enhance the limit structure to better controls and capture new risks;
• Contribute to the Market Risk processes such that they are documented, robust and compliant with the expectations of internal and external auditors/regulators;
- Identify emerging risks and analysis the potential impacts to the bank.
- Review of STAR/NPAP(TAP)
- Provide strong support to local and matrix managers
- Coordinate with London and US market risk teams on all aspects of market risk – risk capture, regulator requirements, risk projects and limits.
2. Strategic Changes
- As part of Credit Markets Management team, communicate new initiatives and emerging initiatives into APAC;
- Participate in, push for and whenever possible sponsor strategic changes.
3. Regulatory
- Keep in tune with global and local regulatory changes;
- Ensure integrity of regulatory reports;
- Communicate to Risk stakeholders the impact of the regulatory changes; provide training support when required.
4. Policies and Governance
- Ensure compliance with Market Risk and RBS Group policies and escalation processes;
- Ensure global consistency in market risk approach;
- Recommend limits in delegation authorities and ensure delegation authorities are up to date and adhere to;
- Challenge policies when inappropriate or out of date; contribute to new policies;
- Serve as the market risk information point for other Risk functions (Credit Risk, Ops Risk, Reg Risk);
5. People Management
- Clear objectives and fair reviews given to direct report;
- Ensure direct report gets necessary training and follows stated personal development plan.
Generic Responsibilities
Ensure the business area conducts its activity in accordance with the internal policies and up to the standards expected from shareholders and regulators.
Complete all compulsory trainings on time.
Be aware of the contingent business plan.
Competencies
Attention to detail.
Good basic understanding of capital market.
Reasonably quantitative to understand risk management concept and major measures such as Greeks and VaR.
Firsthand knowledge of how a large financial institution works.
Experience of dealing with various large scale systems with complex data feed for risk management or operation.
Ability and desire to learn new things quickly and voluntarily.
Multi-task capability.
Good self control in flourishing in fast moving and often stressful environment.
Good communication skill and ability to cultivate new relationship to get things done.
Previous experience in risk management and operation is preferred.
Internal candidate with experience with RBS system with relevant experience is given first preference.