Senior Manager – Market Risk recruitment
This role is primarily responsible for assessing the adequacy of the controls around market risk management, credit risk management, model risk management and product valuations across the Investment Bank, Corporate Banking Group and brokerage subsidiary business lines. This will be achieved through performance of both product and line of business reviews/audits as well as supporting the technology and dedicated line of business with subject matter expertise. The candidate is required to demonstrate and maintain a strong understanding of product specific valuation methodology and processes alongside a detailed understanding of key credit market risk exposures, measurement techniques, regulatory and financial market developments in performing their role.
Key responsibilities include:
- Executing processes related to audit planning, audit fieldwork and audit report writing.
- Collecting and analyzing data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
- Perform monitoring of periodic credit market risk and valuation related metrics with an ability to recognize emerging issues with risk and control implications.
- Identify weakness in existing control areas and recommending suitable solutions and controls.
- Build credible relationships with senior management in the Market Risk and Treasury functions.
- Perform risk assessments at an entity process level covering all risk areas including market/credit risk and treasury/liquidity management.
- Reviewing policies pertaining to market risk such as market risk policies, ALM policy, investment policy ERM policy.
- Setting up mechanisms and monitoring market risk across the bank such as the treasury, wealth management and subsidiaries FGFS, Real Estate etc.
- Measuring and monitoring on a continuous basis the profile of, appetite and tolerance to market risk of the bank.
- Preparation of daily and monthly reports pertaining to Market Risk. Making recommendations for institution of systems and processes to mitigate market risk
- Conducting stress analysis of the banks trading portfolio liquidity and other ALM risks and reporting to concerned entities in a timely manner.
Skills / experience required:
- Strong quantitative risk management background without specific internal audit experience.
- Strong understanding of product specific valuation methodology and processes alongside a detailed understanding of key credit market risk exposures, measurement techniques, regulatory and financial market developments.
- Strong knowledge of risk management controls (market risk, valuation or treasury).
- Significant experience in financial services with at least 50% of this experience in risk management.
- Post Graduate or Equivalent degree in finance or management.
- Professional qualification like CFA / FRM is mandatory.