Trading Risk Manager / Credit ( Munich ) recruitment
We are looking for a Trading Risk Manager (m/f) focusing on Credit and Credit Derivatives - located in Munich. This role is embedded in the unit "Market Risk/ Trading Risk Management" within the Board Area Chief Risk Officer (CRO). The unit is mandated to conduct judgmental reviews of trading activities and to structure a consistent limit framework.
Main task of this role is to analyze portfolio activities in direct interaction with global trading desks. Therefore, demanded are risk and P/L analysis including plausibility checks among the review of risk factors and their appropriateness as well as definition of stress scenarios. In addition, back testing and stress testing of the internal model for market risk need to be analysed as do new products and the processes to support them including the evaluation of structures. At the same time, this role entails project work (e.g. regarding the roll out of new internal models or front office systems) as well as the participation in the definition of global internal standards.
Our Requirements:
- Sound understanding of a wide range of traded products - in particular credit products - their valuation and their market standards. As well as familiarity with credit correlation products.
- General understanding of Back Office processes.
- Basic understanding of the regulatory framework.
- Experience in the use of internal models for Market Price Risk
- Excellent systems skills (Front Office Systems, MS Access, Excel, Bloomberg, Reuters). Familiarity with SQL and Visual Basic.
- Familiarity with internet based information sources provided by rating agencies, major investment banks, regulators.
- Vigorous controller with ability to compromise.
- Persistent, pro-active and inquisitive.
- Highly analytical.
- Good communicator and Team Player.
- Strong personality who is not easily intimidated.
- Good degree in a numerical discipline, at least to MSc level.
- Minimum of 5 years experience with traded financial products.
- Minimum of 1 year hands-on experience with credit correlation products.
- Minimum of 5 years experience with Front Office Systems.
- Ex-trader a distinct advantage, ideally as a desk head.
- Experience with project management.
- Fluency in English mandatory. Fluency in German is an advantage.
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