Description
Our client, a leading financial services organization, currently seeks an Stress Testing Business Analyst- Market Risk, to be based in The Docklands.
The Stress Testing Business Analyst- Market Risk will be responsible for:
-Ensuring the computation of reliable risk measures so that relevant risk management decisions can be taken. This is especially true for counterparties for which some trades are modelled and hedges are not
-To support Front Office initiatives in particular the trading of TARFs and other exotic FX options that will not be included in the Raven core batch in the short term
-To create an incentive to expand the scope of the non-Raven counterparties and address the Back-to-Back transactions
-To deliver reliable stress testing results to Risk Strategy for capital planning and global stress testing exercises
-Main deliverable: stressed exposure and MTM sensitivity at counterparty level, including exotic derivatives. This will feed stressed CVA. The main sub-components are as follows.
-Scope definition: (i) identification of the missing trades from all asset classes, (ii) identification of the missing counterparties, (iii) status of the risk measures and sensitivities available for each asset class from the market risk systems and Front Office systems.
-Justification of the most appropriate stress testing method for exotic derivatives.
-Comprehensive business and IT requirement specification documentation.
-Comprehensive project plan to deliver the enhancement
-For some exotic trades, sensitivities are not available at all or not computed at trade level. This can be addressed by market risk systems enhancement
-Non-modelled trades can be input in the stress testing system only if the corresponding counterparties are present in the RAVEN core batch. Numerous counterparties are currently missing and need to be on-boarded by CRMs and add the collateral information in CDMS
As such, the successful Stress Testing Business Analyst- Market Risk will have the experience of the above from an investment banking environment
This is a great opportunity for an experienced Stress Testing Business Analyst- Market Risk with strong change management experience to work for one of the biggest investment banks in the world.
If you have the above qualities, and wish to further your career as an Stress Testing Business Analyst- Market Risk, then please apply today.
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003