BITPO Market Risk consultant - Onsite - Hamburg,Germany
CosMicIT GmbH
Contact person: Mritunjay jha
Hamburg, Germany
ITBankingBMC Remedy Action Request SystemBusiness InformaticsBusiness PlanningBusiness Process ImprovementChange ManagementComplianceData QualityEconomyFinancesGovernanceIncident ManagementIT Service ManagementProject ManagementNagiosStakeholder ManagementWorkflowsCore BankingSplunkRisk ManagementServicenow
Description
Hello Everyone
We at CosMicIT are urgently looking for BITPO Market Risk consultant
Locations: Hamburg,Germany
Experience: 8+Years
Job Type- Onsite(2-3 Days)
Mandatory skills:
Market risk management
Job Description:
The Business IT Process Owner (BITPO) for Market Risk Reporting will be responsible for overseeing the ‘Run the Bank’ and continuous improvement of market risk reporting processes within the bank. This role is critical to ensuring that risk reports are accurate, timely, and aligned with regulatory requirements and internal risk management strategies.
The BITPO will collaborate with risk teams, IT, and business stakeholders to optimize reporting workflows and ensure data integrity.
Strong analytical skills along with background in banking regulations and process improvement are essential to ensure regulatory compliance and regulations.
Key Responsibilities:
Act as the primary owner for all processes related to Market Risk calculations and Reporting, including VaR, stress testing, and scenario analysis.
Incident Management: Monitor, identify, and resolve production issues in a timely manner, ensuring minimal impact on business operations. Utilize ITSM tools to log, track, and manage incidents.
Problem Management: Analyze recurring incidents to identify root causes and implement permanent solutions. Collaborate with development and infrastructure teams to address underlying issues.
Change Management: Review and approve changes to the production environment, ensuring compliance with change management policies and minimizing risk to service continuity.
Oversee the end-to-end reporting process to ensure timely delivery of accurate market risk reports to BUs (Business Units) and regulatory bodies.
Continuously evaluate and enhance the Market Risk process landscape to improve efficiency, accuracy, and compliance.
Collaborate with the market risk, finance, IT, and compliance teams to ensure alignment of risk data with business objectives and regulatory expectations.
Ensure data integrity and consistency across all market risk reporting processes by working closely with BU teams.
Identify, track, and resolve data quality issues that could impact the accuracy of reports
Ensure that market risk reports meet internal as well as regulatory requirements, keep up-to-date with changes in regulatory requirements and ensure the market risk reporting process is adjusted accordingly
Establish and maintain governance frameworks for market risk reporting, ensuring E2E visibility and production stability
Qualifications / Skills:
Bachelor’s or Master’s degree in Finance, Risk Management, Economics, or a related field. Professional qualifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are desirable.
Minimum of 8 to 10 years years of experience in production support, preferably in the banking or financial services industry.
Proficiency in ITSM tools (e.g., ServiceNow, BMC Remedy), knowledge of core banking systems, and experience with monitoring tools (e.g., Nagios, Splunk).
Minimum of 10 years of experience in market risk management, risk reporting, or a related field in banking or financial services with at least 2 years in a leadership role.
Strong understanding of market risk concepts (VaR, stress testing, sensitivity analysis) and financial products (derivatives, bonds, equities, etc.)
Strong analytical, problem-solving, and project management skills.
knowledge of regulatory frameworks related to market risk (Basel III/IV, FRTB)
Strong communication and stakeholder management skills, ability to lead cross-functional teams and manage projects
Working Conditions:
Primarily office-based at Hamburg Location.
Flexibility to work outside of standard hours as needed to meet deadlines or resolve critical issues.
Any references would also be accepted.
Thanks & Regards,
CosMicIT GmbH, Germany ??
CosMicIT Informatics India Pvt Ltd. ??
CosMicIT Spolka Z Ograniczona Odpowiedzialnoscia, Poland ??
www.CosMic-IT.com | www.CosMic-IT.in
LinkedIn: https://www.linkedin.com/company/cosmic-it/
We at CosMicIT are urgently looking for BITPO Market Risk consultant
Locations: Hamburg,Germany
Experience: 8+Years
Job Type- Onsite(2-3 Days)
Mandatory skills:
Market risk management
Job Description:
The Business IT Process Owner (BITPO) for Market Risk Reporting will be responsible for overseeing the ‘Run the Bank’ and continuous improvement of market risk reporting processes within the bank. This role is critical to ensuring that risk reports are accurate, timely, and aligned with regulatory requirements and internal risk management strategies.
The BITPO will collaborate with risk teams, IT, and business stakeholders to optimize reporting workflows and ensure data integrity.
Strong analytical skills along with background in banking regulations and process improvement are essential to ensure regulatory compliance and regulations.
Key Responsibilities:
Act as the primary owner for all processes related to Market Risk calculations and Reporting, including VaR, stress testing, and scenario analysis.
Incident Management: Monitor, identify, and resolve production issues in a timely manner, ensuring minimal impact on business operations. Utilize ITSM tools to log, track, and manage incidents.
Problem Management: Analyze recurring incidents to identify root causes and implement permanent solutions. Collaborate with development and infrastructure teams to address underlying issues.
Change Management: Review and approve changes to the production environment, ensuring compliance with change management policies and minimizing risk to service continuity.
Oversee the end-to-end reporting process to ensure timely delivery of accurate market risk reports to BUs (Business Units) and regulatory bodies.
Continuously evaluate and enhance the Market Risk process landscape to improve efficiency, accuracy, and compliance.
Collaborate with the market risk, finance, IT, and compliance teams to ensure alignment of risk data with business objectives and regulatory expectations.
Ensure data integrity and consistency across all market risk reporting processes by working closely with BU teams.
Identify, track, and resolve data quality issues that could impact the accuracy of reports
Ensure that market risk reports meet internal as well as regulatory requirements, keep up-to-date with changes in regulatory requirements and ensure the market risk reporting process is adjusted accordingly
Establish and maintain governance frameworks for market risk reporting, ensuring E2E visibility and production stability
Qualifications / Skills:
Bachelor’s or Master’s degree in Finance, Risk Management, Economics, or a related field. Professional qualifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are desirable.
Minimum of 8 to 10 years years of experience in production support, preferably in the banking or financial services industry.
Proficiency in ITSM tools (e.g., ServiceNow, BMC Remedy), knowledge of core banking systems, and experience with monitoring tools (e.g., Nagios, Splunk).
Minimum of 10 years of experience in market risk management, risk reporting, or a related field in banking or financial services with at least 2 years in a leadership role.
Strong understanding of market risk concepts (VaR, stress testing, sensitivity analysis) and financial products (derivatives, bonds, equities, etc.)
Strong analytical, problem-solving, and project management skills.
knowledge of regulatory frameworks related to market risk (Basel III/IV, FRTB)
Strong communication and stakeholder management skills, ability to lead cross-functional teams and manage projects
Working Conditions:
Primarily office-based at Hamburg Location.
Flexibility to work outside of standard hours as needed to meet deadlines or resolve critical issues.
Any references would also be accepted.
Thanks & Regards,
CosMicIT GmbH, Germany ??
CosMicIT Informatics India Pvt Ltd. ??
CosMicIT Spolka Z Ograniczona Odpowiedzialnoscia, Poland ??
www.CosMic-IT.com | www.CosMic-IT.in
LinkedIn: https://www.linkedin.com/company/cosmic-it/