Market and Counterparty Credit Risk Manager

3 weeks ago

Mumbai Metropolitan Region, India RAREFIND HR CONSULTING PRIVATE LIMITED Full time

Job Title: Market and Counterparty Credit Risk Manager

Location: Goregaon, Mumbai

Experience: 8-12 years


Overview: We are seeking a Market and Counterparty Credit Risk Manager to join our client's team who is a distinctive Specialist Bank serving clients principally in the UK and South Africa.. As part of the second line of defense, you will play a pivotal role in overseeing market and counterparty credit risks within the trading book. This role involves proactive identification, quantification, and monitoring of risks, ensuring effective risk frameworks and controls are in place.


Responsibilities:

Business as Usual (BAU) Responsibilities:

  • Act as the 2nd line of defense to identify, quantify, and monitor market and counterparty credit risks for assigned Trading Desks.
  • Investigate and assess risks, ensuring clear understanding by management.
  • Monitor daily limits, handle breaches, and escalate issues as necessary.
  • Design, develop, and compile accurate risk reports using Chi, EME, Python, and PowerBI.
  • Research and develop risk metrics and tools to provide accurate risk insights.
  • Understand trading strategies, products, and market dynamics.
  • Analyze risks across the entire Trading Book portfolio.
  • Assist and provide cover for team members.
  • Recommend and motivate risk limits for assigned Desks.
  • Investigate changes in regulatory capital, derivatives margins, and XVA reserves.
  • Prepare risk reports for regulatory reporting requirements.


Broader Control Framework and Project Responsibilities:

  • Stay aligned with industry risk management developments and relevant regulation.
  • Update, review, and apply policies and guidelines governing the Market Risk department.
  • Develop and enhance market risk models/methodologies.
  • Challenge pricing models when necessary.
  • Assist in designing and reviewing the Market Risk Stress Testing Framework.
  • Work with other teams to improve existing processes.
  • Draft documentation, policy documents, and requirements specifications.
  • Understand the impact of new regulation on trading businesses.
  • Test and validate IT developments.


Core Skills and Knowledge:

  • Strong understanding of market and counterparty credit risk management principles.
  • Detailed knowledge of financial products, pricing models, and risk methodologies.
  • Proficiency in Python and Excel; familiarity with PowerBI.
  • Knowledge of market and counterparty credit risk regulatory landscape.
  • Understanding of the 3LoD model.
  • Ability to think independently and challenge the status quo.
  • Excellent communication and influencing skills.
  • Strong analytical and problem-solving skills.
  • Project management skills.
  • Market knowledge.


Educational Background:

  • Bachelor's degree (or higher) in a numerical, computer science, or financial discipline.


Core Skills and Personal Attributes:

  • Analytical and numerate, with attention to detail.
  • Diligent and pragmatic approach towards change delivery.
  • Willingness to learn and adapt.
  • Ability to think holistically and independently.
  • Self-starter with commitment and enthusiasm.
  • Sound awareness of the market/economic landscape.

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