Head of Risk – OTC & Exchange Traded – Post Trade Services (Quantitative) recruitment
The role has a number of deliverables;
• Lead and direct the strategic risk management for the Post-Trade services area (Equities, Interest Rate and Derivatives markets)
• Provide board-level guidance on risks - alert and avoid losses
• Manage default procedures across all markets
• Manage crises relating to clearing and settlement
• Establish a risk management center of excellence and create a board level risk framework and standard
• Transform, integrate and improve risk management
• Provide technical expertise and interpretation to risk regulation for best practice implementation such as Basel II/III and liquidity risk
• Lead the review of credit/counterparty assessment and review of policies, processes and methodologies
• Lead the evaluation, development and implementation of risk strategies for market, credit risk
• Develop and manage stakeholder relationships at executive level across the financial services industry and internally
• Establish a capital management standard for the CCPs and identify techniques to enhance capital efficiency of market participants
• Lead regulatory change and implementation programmes relating to Clearing and Settlement eg: OTC market
• Focus on strategic business drivers to identify, leverage and shape opportunities – eg: new business opportunities such as OTC clearing or collateral management.
• Oversee the review of margin and stress testing methodologies for regulatory compliance and best practice implementation
• Oversee a stress testing capability and the development of liquidity and counterparty stress testing models
• Oversee quantitative analytics team to conceptualise, scope, develop, build, test and implement analytical and statistical models and tools as appropriate and necessary to improve the risk management for Clearing and Settlement. Models must support prioritised areas:
Stress testing
Default fund estimation
Business case development for potential new ventures such as OTC clearing
Margin management for bonds, equities, derivatives
Haircut calculations for collateral valuation
Model CCP liquidity requirements
• Oversee the validation and quality control of modelling outputs from quant team
• Identify new modelling techniques and software to improve analytical techniques
• Oversee and prepare practical insights from interpretation of business data and models. Therefore, apply integrative thinking by analysing info, identifying + solving problems and applying integrative decision making to add value to the business and drive strategy proactively