RISK ANALYST – GLASGOW (ENTRY LEVEL – ASSISTANT VICE PRESIDENT) recruitment

Risk analysts urgently needed to join a major banking group building a new risk team in Glasgow.

The risk function was formed in 2011 and is responsible for evaluating, monitoring and controlling Credit, Market, Contingent, Operational and Settlement Risk.

The risk team works with the business units to independently quantify the appropriate level of risk for the client, the firm and our shareholders.

The risk team is responsible for applying appropriate governance and control to ensure the right decisions are made using accurate calculation, assessment and recording of exposure and risk.

The role will be part of a brand new risk team based in Glasgow that will be created to develop and document infrastructure and reporting solution to quickly identify data quality or feed errors and analyse their impact.

This role covers derivatives (OTC and Exchange/CCP traded), security-financing, as well as banking book positions. It would suit an individual with the intellectual curiosity to monitor and report the risk exposures in all types of risk inherent in a hugely diverse inventory of products, across all asset classes, from the books of one of the largest and most innovative banks in the market.

It is a chance to enhance risk - and therefore RWA - accuracy, thus improving the bank’s ability to make decisions and be profitable. It is a rare opportunity to build a critical core of financial expertise and experience that will potentially allow for career progression into front office, exposure management and risk management.

With some derivatives product knowledge and an understanding of security financing trades you will be comfortable dealing with key stakeholders/collaborators at all levels.

An awareness of key banking book concepts as well as an understanding of Counterparty Credit Risk, metrics and associated data flows will be skills used daily.

Responsibilities:

• Ensure data and system errors are spotted and remedied before data passed downstream to capital calculation and other key processes

• Enhance the control environment to ensure error spotting occurs at the earliest time possible

• Explain moves in key risk metrics whether market move, portfolio change or data/system error

• Identify and resolve data gaps: market, static, reference, trade

• Perform root cause analysis and identify resolution plans and owners for all errors

• Document issues and associated resolutions for use within the BAU team

• Design and implement controls to ensure timely issue identification and resolution

Key attributes:

•  Some derivatives product knowledge and an understanding of security financing.

•  An awareness of key banking book concepts as well as an understanding of Counterparty Credit Risk, metrics and associated data flows will be skills used daily.

•  As a recent graduate or as someone with experience in either a Credit or Market Risk role you will be looking for the opportunity to take your career to the next level.

•  An understanding of Basel 2 concepts policy is important (e.g. EAD, PD, LGD, RWA), as well as a keen interest in impending Basel 3 changes.

•  You will have first-class communication skills and co and willing to question existing processes in a tactful manner. Any exposure to business analysis, investigating issues and documenting findings will be advantageous.

•  Persistent, diligent and able to accept and drive forward change

•  Focus on delivery of Reporting and Data Quality issues

•  Good grounding in the theoretical and practical side of risk management

•  You will be an advanced user of both Excel and Access, including VBA language.

•  With demonstrable experience in designing, building and automating reporting solutions you will bring fresh insight to everyday challenges.

•  Proficient in MS Excel/ MS Access/VBA/ SQL

•  Exposure to MS SharePoint Services advantageous

This is an excellent opportunity to join a leading banking group with unrivalled career progression in international banking risk management.

Send all applications to bmcgarrigle@cerfinancial.co.uk