Testing & Release Cycle Co-ordinator – Market Risk Regulatory recruitment
An exciting opportunity has arisen to join a global investment bank as part of an exciting Market Risk Regulatory Programme. This project has been initiated due to the need to upgrade the Market Risk models in line with increasing regulatory demands. The Testing Release Cycle Co-ordinator position pertains to the role of a Business-focused analyst to co-ordinate testing and release cycles and to be the primary test, release planning interface to IT across all Market Risk projects. The role may also include some involvement in business testing on Credit Risk projects.
Current projects in Risk Management include:
- Upgrade of Value at Risk model to a Historical Simulation approach which is more in line with industry standards.
- Capture VaR during a stress period (Stressed VaR) and jump-to-default and migration risk (IRC or Incremental Risk Charge).
- Introduction of a new regulatory treatment for securitised products through a modelled approach or through a regulatory prescribed approach.
- Introduction of credit exposure measurement under the Internal Models Method
- Changes to market and risk functions, processes, systems and controls as requires by the CAD 2 and IMM projects.
Role
- Instigating tracking of all business functional and data testing activities, including the planning and co-ordination of these tasks (and having them accurately reflected with the overall Programme Plan of change).
- Day-to-day management of all business testing release aspects delivery aspects of the project,
- Understand, manage (with the relevant Delivery PM) and take remedial action as required whenever business or IT delivery tasks are late and threaten any testing or release milestone and deadline.
- Actively maintain a RAIDS log for all aspects of business testing and agreed release cycles, ensuring that this references back to project plan tasks and status.
- Ensure all business testing (UAT) is tightly aligned to pre-produced test scripts and in turn these scripts accurately reflect stated business requirements.
- Work in conjunction with each project team to ensure that defined test routines and cycles are clearly defined and understood by all (Business and IT) - dates, data sets, prerequisites and dependencies - and that appropriate hardware and data set environment are configured and available on time to satisfy testing criteria
- Ensure regular status meetings are held and promptly written-up for actions / next steps
- Keep the overall project team project manager fully up-to-date on all matters as required, especially pertaining to progress against milestones and deliverables.
- Escalate all Risk and Issues in a timely manner to the relevant Head of Programme Management.
Skills
- Practical working knowledge of Basel 2 CAD2 requirements and VaR concepts as they relate to exposure regulatory capital reporting and to wider Market Risk management practices and procedures.
- Strong experience of co-ordinating and executing business and IT testing and release planning and management relating to Market Risk Projects.
- Experience of IMM and credit risk is highly desirable.
- Good practical knowledge of financial products and risk methodology across all asset classes, especially in respect of their Risk management treatments.
- Degree (or equivalent) in a relevant discipline.
- Demonstrable ability and confidence to build relationships across both business and IT, at all levels.
For this role you will need excellent verbal and written communication skills along with a strong delivery focused mind set. You will be required to work with minimal supervision but good team member orientation is essential. This is an excellent opportunity for a skilled candidate to work on a long term project as part of an exciting regulatory development.
