Description
Our client is a multinational banking and financial services corporation who are recruiting for an experienced Market Risk Analyst with an understanding of Derivatives and Commodities.
Overview:
This is a role in the FI/FM (Financial Institutions/Financial Markets) Risk department. The FI/FM Risk department is a team of approximately 70 people supporting a wide area of businesses within Financial Markets, Group Treasury and Lending Services. The team is responsible for the market risk and product control function as well as counterparty credit risk. The department's core activities are measuring and analysing market risk and trading performance across a variety of financial products, as well as counterparty exposures. The role of the department is as a second line of defence being business partner to the Front Office (FO), providing challenge and support.
Job Specification:
This role is in the Equity Derivatives team of FI/FM Risk.
Main Duties and Responsibilities of Role:
The responsibilities for the role are:
- Monitoring, analysing and reporting the organisation's market risk exposure on a day-to-day and long-term basis for the Equity Derivatives desk
- Closely follow market developments and analyse both the realised and potential impact on the trading portfolio
- Continuously engaging with Front Office to keep up to date with their trading strategy, pricing and strategy
- Monitoring trading limits and reviewing transactions over the established limits
- Production and in-depth analysis of daily and longer-term profit and loss (P&L)
- Understanding and explaining the content of the reporting to Front Office and senior management
- Supporting the business by providing pro-active risk and P&L advice to aid business management
- Development of a new stress testing framework for the Equity Derivatives asset class
- Improve the global valuation adjustment framework for the Equity Derivatives asset class
- Improve the desk processes, looking for opportunities to increase efficiency and enhance the control framework
- Involvement in local and global projects to implement changes in systems and regulations like IBOR replacement and FRTB
Candidate Profile
Qualification/Education
Essential: University Degree in a quantitative field, preferably (financial) mathematics, engineering, physics or econometrics
Desirable: Professional qualification (eg PRM, FRM)
Experience/Knowledge
Essential:
- Previous experience in the financial industry
- Experience in market risk management and product control
- In-depth product knowledge of (equity) derivatives and associated pricing models
- Strong technical skills in Python, SQL and VBA
Personal Competencies
Essential:
- Excellent analytical and problem-solving skills
- Good communicator with attention to detail, pro-active, autonomous as well as ability to summarise
- Strong team player with ability to work successfully with cross-functional, geographically dispersed teams
- Ability to work with FO and understand the business perspective of key projects
- Flexible approach to role and responsibilities
- Ability to manage multiple tasks at the same time
- Ambition to specialise into the equity derivatives asset class and continuously learn as much as possible
- Comfortable working with complex technical processes and analysis of large data sets