Portfolio Analyst / Risk Manager (PARM) (Asset and Liability)
Our client is looking for an experienced Portfolio Analyst / Risk Manager (PARM)(Asset and Liability). Giving the successful candidate the opportunity to work for one of Australia's Leading Banking and Financial Institution. If you have experience within this area (asset and liability) and want to work for a leading bank, this is the role for you!
The Role
The purpose of this role is to provide independent oversight over Group Treasury market risk activities (both traded and non-traded). The role aims to continuously improve the risk/reward analyses, internal controls and processes that provide a deeper understanding and clearer view of Group Treasury market risks. Furthermore, the role contributes to the analysis of the risk/reward characteristics of the portfolio of liquid assets. The role also considers technical and fundamental aspects of the actively managed securities portfolio of Group Treasury.
Main Duties
- Analyse the risk position from both a fundamental and technical perspective
- Provide trusted advice to Treasury through champion regular risk/reward discussion with traders on their strategies and performance
- Challenge preconceptions about how risk should be measured, hedged or priced
- Be familiar with the details of the positions held and spot inconsistencies in trading and risk
- Monitor event and scenario risk
- Review trader marks and marking procedures
- Develop new ways to measure, interpret, and manage risk/reward, supporting the business understanding of risks including those of the liquidity portfolio
- Contribute to implementing better practise ALM risk measurement by identifying existing shortcomings and promoting and driving improvements in a collaborative manner with key stakeholders
- Maintain the integrity of the governance and control framework for your area of responsibility
Experience Required
- Tertiary qualification in Finance/Commerce/Economics/Mathematics/Engineering with strong quantitative modelling skills
- Strong knowledge of commercial or investment bank balance sheet products (fixed interest securities, derivatives, loans and deposits amongst others) and financial markets especially interest rate products and derivatives
- Prior experience within a trading area of a commercial or investment bank, market risk management, non-traded market risk, asset and liability management
- Experience in ALM simulation modelling using ALM Vendor based system or in-house system
- Strong verbal and written communication skills
- Prior knowledge of Basel 2 and Basel 3
- Prior knowledge of hedge accounting (IAS39)
The client is based in the heart of the CBD in Sydney.
Salary is negotiable on experience and it can be contract or permanent.
If you have the requisite skills for this role, please do not hesitate to make an application to this role.
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