Market Risk Manager Credit, VP
The candidate would need to understand the positioning of the desks as well as the general risk framework surrounding the business such as VaR, Stressed VaR, Incremental Risk Charge, Economic Capital, Scenarios and Stress Testing. The candidate would also need to be able to analyse in detail the economics of the bespoke type of trades that the business enters into as well as identify and quantify associated risks.
- develop/enhance risk reports and tools to facilitate monitoring and control of market risks for the credit businesses.
- Work with IT and reporting functions to ensure that risk information and feed data is robust, timely and accurate.
- Ensure that all documentation/procedures meet regulatory and audit requirements.
- Streamline existing reporting processes
- Perform quantitative and qualitative analysis of risk positions of the trading desk.
- Determination of the daily risk position, ensuring completeness in capturing all risk positions on the desk.
- Monitoring of risk positions against market risk limits,
- Ad-hoc market trend and risk analysis. Ability to relate market events to risk positions and analyse risk accordingly.
- Understand and explain drivers of VaR and ensure completeness.Assist in production of daily risk reports.
Qualifications
- Quantitative/Financial Undergraduate Degree
- Strong experience in VaR and other risk management frameworks
- Market Risk Experience with strong knowledge of credit markets products, preferably within a Structured Credit environment
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