Market Risk CADII Associate recruitment
For Market Risk, the CAD 2 programme for 2012/13 aims to:
• Upgrade the business 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 a new regulatory treatment for securitised products through a modelled approach or through a regulatory prescribed approach;
For Credit Risk, the IMM Programme for 2012/13 aims to:
• Introduce enhanced credit exposure measurement under the Internal Models Method
• Improve exposure aggregation, analysis and reporting for regulatory and economic capital purposes
Global Risk HQ aims for 2012/13 to
• Improve global, consolidated risk reporting
• Introduce/strengthen standard programme management control and governance standards across all risk functions (Global Risk Project Management Office)
• Drive various cross-functional initiatives
A number of roles have been identified within the above Regulatory Programmes and Global Risk HQ workspace, among them the Market Risk Regulatory Programmes – Programme Co-ordinator Controller described herein.
Although primarily focussed on the Market Risk (CAD 2) programme this role also includes working cross-functionally with the Credit Risk Programme and Global Risk HQ, e.g. for Executive meetings, Steering committees, and cross-functional initiatives.