Trading Risk PnL BDM Analyst recruitment
Role Summary:
The Risk and PL Production function is responsible for the generation of the daily independent Risk and PL in a timely manner, ensuring daily reconciliation and position reports as required. The Onshore function includes the control oversight, strategy and business facilitation of the Risk and PL Production processes performed within their business area. Business aligned, Trading Risk and PL will be managed in respect of production, analysis, quality assurance, reporting and monitoring of the Risk and PL for the products traded within the business.
Typically the Analyst will be a Desk lead, acting as a liaison between the Production teams and Onshore specialist roles and stakeholders. Acting as a functional specialist, the role can act as a supervisor for desk level escalations from the production teams.
Key Responsibilities:
Control:
Reviews and provides input into the control metric monitoring process, ensuring that appropriate internal controls exist for all processes underpinning the management of Risk and PL production.
Continually seeks to enhance and standardise the control framework, providing oversight and ownership of escalated exceptions.
Ensure that internal audit points are cleared within the time commitments provided to Internal Audit and will be responsible for ensuring that appropriate internal risk and PL controls exist for all processes to enable the production of market risk, VaR, PL reporting, IPV and Business Performance Reporting.
Coordinates relevant regulator requests, ensures adherence to internal policies regarding investigations and accuracy for economic and regulatory capital and to coordinate closely with front office traders, market risk control, audit, technology groups and other operations groups to assist in meeting corporate objectives
Provide oversight and direction of risk management processes, ensuring risks covered are accurately measured, aggregated and analysed in accordance with internal and external regulations, policies and procedures
Maintain an environment of continuous improvement through the implementation of robust review and feedback mechanisms and monitoring of the regulatory landscape to help form policy process improvement decisions and development
Monitor and evidence, where applicable, compliance with appropriate internal and external standards
Business Facilitation Support:
Acts as relationship point for escalation between Front Office, Finance and the Professional Services Centres.
Provides oversight of new business planning, facilitation and delivery. Provide key process knowledge to enable the set up of new business within the NPA framework, acting in an advisory capacity to the business to help facilitate the trading of new products
Acts as the hand-off from PSCs for continuous issue escalation and resolution
Develop and foster relationships across GBS and other major stakeholder groups (for example, Trading, Business Management, Finance and MRM) to ensure the appropriate delivery and service environment is in place to support Risk PL to achieve its objectives and meet regulatory requirements
Provide objectives and feedback to the Risk and PL Production teams - ensuring both tactical and strategic views are incorporated, where applicable
Strategic Change Process Enhancement:
Manage costs and budgets within own area of responsibility, providing detailed reports of expenditure, headcount forecasts and CTB budgets, as required
Heavily involved / leads strategic process redesign and improvement including alignment and integration of upstream processes
Focuses and resources consistent and standardised deliverables using current framework.
You will have:
Business or mathematical based degree with further accounting or relevant Masters an advantage
Relevant experience in Product Control or related space
Established leadership skills through extensive experience and in-depth subject matter and product knowledge
Previous exposure to senior level decision-makers and stakeholders.
Knowledge of, and experience in financial services (ideally investment banking) and accounting is essential
Excellent Stakeholder Management skills
Excellent communication skills, fluent in English (written/verbal)
Excellent leadership and management skills, able to work in virtual global teams and in a matrix organization
You will be:
Open minded, able to share information, transfer knowledge and expertise to team members
Able to work in fast paced environment
Able to keep pace with technical innovation and market driven initiatives