Traded Products Risk Management – Derivatives/Structured products recruitment
There are currently four opportunities available within this team, at AVP and VP level.
Key duties include:
- To provide credit risk exposures for non-vanilla transactions that cannot be risked by the Front Office and follow-up with a transaction override when the trade is executed
- To provide advice and structuring expertise to both Credit Sanctioners and Front Office in order to facilitate the execution of structured trades within risk appetite and in a manner that maintains appropriate controls
- To coordinate Haircut Committee and Independent Amounts
- To monitor and manage issuer jump-to-default risk in the inventory across all trading desks (Single Name Issuer Risk)
As well as your day to day role, you will also be given the opportunity to gain exposure to Basel III projects. Examples of involvement will include:
- Acting as the point of contact on behalf of the DCEM for any assigned Basel III Credit Risk project streams.
- This will include some or all of the following activities: requirements specification; requirements modification in negotiation with delivery team; development of testing plans; execution of testing plans; communication of status to manager and other interested stakeholders
- Gathering and articulating DCEM requirements for the credit risk models, reporting and user interfaces in the new credit risk system components with respect to BAU activities
- Specifying test cases and other testing requirements for DCE
- Executing DCEM testing and coordinating DCEM test activitie
- Supporting DCEM BAU functions, including:
- - -Updating and applying manual trade adjustments for structured trades
- - -Responding to exposure queries on trades and portfolios across all derivatives and securities financing products
- - -Responding to pre-deal exposure requests
In order to be considered for this opportunity you will need to possess a strong working knowledge of structured products, ideally within a credit risk capacity (however, market or counterparty risk experience will also be considered)
January 23, 2012
• Tags: Derivatives, Risk Management careers in the UK, Structured Products recruitment, Traded Products Risk Management • Posted in: Financial