Market Risk Controller, Associate
Position Category: Finance/Accounting
Position Title: Market Risk Controller, Associate
Job Level: Associate
Location: Hong Kong - Hong Kong
Education Required: Bachelors Degree
Position Description:
The Global Capital Balance Sheet Management Team (GCBM) comprises both Balance Sheet Capital Reporting as well as Market Risk Controllers (MRC) function. This role will comprise work in all 3 areas. Market Risk Controller's team is responsible for providing the Firm's cleansed and hypothetical Value at Risk (VaR) back testing for internal model validation as well as to meet Regulatory requirements across the region. We are also involved in the validation of the Firm's aggregated risk systems and ensuring that they provide an accurate reflection of trading activity for the Market Risk Department (MRD) and Regulatory Controllers.
The Regional Capital Reporting function involves using data provided by Capital Team centralized in New York and providing a quality reporting pack to senior management across Front Office, Market Risk and Credit Risk department (MRD CRD) and FCG. Similarly, the role covers Balance sheet reporting in the region. Both functions require understanding of the business and what drives variances so we can help advise the business on efficient Capital and Balance Sheet usage.
In addition to owning the core functions listed above, MRC support clients across a number of other areas such as audit requests, disclosures, and adhoc analysis.
Responsibilities for this role include:
- Work closely with Product controllers to understand market movements and other PnL events as they pertain to back testing, ensuring the cleansed and hypo PnL is accurate
- Analyzing PnL exceptions to determine their validity and provide a first level review for the Market Risk department, ensuring the hypothetical PnL relates to Risk in VaR
- Raising awareness of issues/problems to MRD and Regulatory Controllers in a timely fashion and assisting in implementing resolutions
- Working with the Business Units, Controllers Operations to help ensure Risk flows downstream with correct representation; thus, ensuring the generation of accurate market risk exposures
- Work closely on cross-divisional projects, ensuring business re-organizations and regulatory requirements are captured accurately in the Firm's systems
- Constantly look to improve our process through refinements and enhanced control metrics
- Demonstrate awareness of Risk Weighed Assets (RWA) and sensitivity of Risk to both Business Required (BRC) and Firm's Regulatory Capital
- Produce Balance Sheet Regional Capital Reporting and assist in regional queries from partners and stakeholders including Product Controllers and Business/Desk respectively
Skills Required:
- At least 3 years of relevant experience
- Able to multi-task effectively and manage deadlines
- General understanding of regulatory capital framework
- Team player with strong communication skills are essential due to the level of interaction with a wide range of MS groups
- Excellent investigative, problem solving, reconciliation and analytical skills
- Good working knowledge of Equity and Fixed Income products
- Strong Microsoft Excel skills
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