Description
Role working in the Market Credit Risk Team primarily focussing on the Credit Trading desk.
Main Responsibilities
- Monitor the market risk appetite and exposures within the Global Markets Credit Trading business area.
- Review the desk's VaR (Valueand Risk) utilisation on a daily basis, providing commentary and analysis on major risk drivers and positional movements.
- Complete back-testing, providing a summary on business activity including major exposures and current market updates.
- Establish a strong working relationship with the relevant Front Office teams to gain a thorough understanding of their positions and trading strategy.
- Perform issuer risk reporting, monitoring exposures against issuer specific limits on a weekly basis. Obtain desk sign-off and escalate breaches as per Market Risk procedure.
- Monitor Market Risk limits, escalating any breaches in accordance with Market Risk procedures.
- Involvement in weekly meetings with Heads of Trading Desks
Key interfaces (excluding reporting line) will be:
- Global Markets Traders
- Project Control
- Project team
Experience Required
- Working knowledge of market risk measurement & management (VaR, Stress-Testing, greeks & sensitivities)
- Good quantitative and problem solving skills.
- Working knowledge of credit instruments (eg bonds, credit default swaps) is required.
- A clear and effective communicator, persuasive in inter-personal communication.
- Ability to deliver practical solutions in a demanding high-pressure environment
- Competent user of Excel with basic VBA skills.
- Knowledge of Front, Murex and Asset Control would be beneficial but not essential.