Market Risk CAD 2 Project Co-ordinator recruitment
A leading investment bank has a new exciting opening as a Market Risk CAD 2 Project Co-ordinator to upgrade the bank's Market risk models and the increasing regulatory demands, a number of global change programmes have been initiated in the Risk Division. You will upgrade the bank's Value at Risk model for a Variance/Covariance approach to Historical Simulation approach which is more in line with industry standards. You will need strong analytical skills, a strong understanding of market risk, and possess solid communication skills, good interpersonal skills and be an exceptional team player.
Role/Responsibilities
- Upgrade the bank's Value at Risk model for a Variance/Covariance approach to Historical Simulation approach which is more in line with industry standards
- Capture VaR during a stress period (Stressed VaR) and jump-to-default and migration risk (IRC or Incremental Risk Charge)
- Introduce enhanced credit exposure measurement under the Internal Models Method
- Improve exposure aggregation, analysis and reporting for regulatory and economic capital purposes
- Responsible for creation, maintenance and tracking of all Programme, individual Project delivery plans (to a new common standard) for detailed planning and tracking of all key phases and milestones of delivery across the business and Risk IT; ensuring all business and IT activities, tasks and dependencies are suitably and adequately reflected.
- Support the day to day management of all delivery aspects of the project, ensuring strong project control governance and reporting standards are implemented.
- Actively maintain a RAIDS log and work in conjunction with the PM to ensuring that this references back to project plan tasks and status, and that all remedial actions and mitigations are transparent to everyone and acted on in a timely and effective way.
- Initiate, drive and control the creation and maintenance of detail business and IT plans for all Market Risk Project initiatives.
- Project deliverables to be achieved on time and according to plan without unnecessary additional costs or unplanned / unforeseen diversion / change, or unrealistic workload imposed on project team and contributors.
Skills
- Degree (or equivalent) in a relevant discipline.
- At least a basic understanding of financial products and risk methodology across all asset classes.
- Some knowledge of Basel 2 CAD2 requirements and VaR concepts as they relate to risk management regulatory capital reporting.
- Excellent and demonstrable Project Planning and Project Control skills (Expert in use of Microsoft Project (MSP) with added applications for MI and interrogation)
To apply for this position as a Market Risk CAD 2 Project Co-ordinator you must have the experience as outlined above and be an excellent communicator. You should have a strong ability to multi task and be comfortable working under pressure. This is an excellent opportunity to join a well respected investment bank.
