Trading Book Data Analytics OTC team lead recruitment
Job Purpose:
The proactive identification and improvement of trading book data quality through analysis of key data quality indicators.
Project management of data quality improvement initiatives across multiple businesses: IT, Finance, Operations, Front Office etc.
Team lead to 3 analysts specialising in OTC product review for regulatory purposes.
Job background/ context:
The Trading Book Data Analytics team is part of Risk Planning and Support group within Risk Architecture in the Risk Management organization. The team plays a key role in the integrity of Bank's global counterparty exposure risk reporting.
The Trading Book team conduct daily regulatory reporting and trend analysis supporting Credit Risk Management and Basel II initiatives as well as proactively identifying data quality improvements and responding to technical calculation referrals from the end users.
Key responsibilities:
Daily supervision of 3 Data Analysts to include workload distribution, training and development of staff to ensure that the team provides a superior level of customer service.
The team is responsible for the monitoring of OTC regulatory numbers through;
a) analysing transaction and market data to identify root cause of calculation issues and propose possible options for resolution.
b) through sound project management follow through issues from initiation to successful completion.
c) Identification of material changes in profiles, root cause analysis, communication to impacted parties and resolution of underlying issues.
d) the production of data quality metrics and information packs supporting the EPE calculations, providing updates on progress to internal stake holders as well as external regulators.
e) act as subject matter expert for the more complex issues ensuring that they are fully resolved and that process improvements are identified and implemented.
Development Value:
The position provides an opportunity to work with Risk Management staff at senior levels as well as with our external regulators, the Front Office, Operations, Risk Analytics, Margining Group and Financial Control as well as Senior Credit Risk and Business Management. It also offers a good platform to enhance knowledge of ICG products and develop strong project management skills.
Skills
Knowledge/ Experience:
- Experience of leading teams and exerting influence in order to ensure that deliverables are met
- A comprehensive knowledge of the risks associated with trading book products including OTC Derivatives, Exchange Traded Derivatives and Securities Finance Transactions
- An in-depth understanding of Basel II and the calculation of PSE, EPE and RWA for trading book products
- An understanding of the legal agreements supporting trading book products
- A proven track record of managing multiple priorities and dealing effectively with demanding business partners
Skills:
- Outstanding project management skills
- Strong verbal and written communication skills
- Excellent people skills: ability to interact successfully with regulators, business partners, technology teams, our technical infrastructure groups and technology managers.
- First rate data analysis skills.
- A high competency level with MS Access/Excel/Project and SQL
Qualifications:
- Degree or post-graduate Qualification: MBA/Masters/PhD/Finance/Accountancy/Other
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Competencies:
- Ability to work with various organizations
- Ability to work on various projects
- High level of attention to detail
- Good client focus
- Valuing diversity. Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success.