Junior Market and Counterparty Credit Risk Manager

2 weeks ago

Mumbai, Maharashtra, India Investec Full time

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Team description

As part of the second line of defence, the Market Risk team is responsible for the oversight, control, governance and reporting of both market risk taking activities and counterparty credit risk taking activities within the trading book, ensuring an effective day-to-day operation of the risk management frameworks.

Description of role and key responsibilities

The following are your responsibilities within this role (some of which you will learn to do):

Act as the Second Line of Defence and to proactively identify, quantify and monitor all market and / or counterparty credit risks for your assigned Trading Desks. This includes investigating and assessing any of these risks, and ensuring they are well understood by management. Monitor all limits daily. Ensure limit breaches, exceptions or technical issues are pro-actively dealt with / escalated. Design, develop and generate accurate (and meaningful) risk reports that can be quickly generated with minimal manual intervention, using risk systems (Chi, EME) as well as Python and PowerBI. These reports must be distributed to the Business in a timely manner, on a daily basis (or as required). The reports should reflect the relevant portfolio risks, explaining the risk movements, and any other analysis as required. Develop Python-based tools that assist you in providing accurate and meaningful risk insights, and / or which help the team improve efficiency. Understand the trading environment in which your assigned Desk operates, including their trading and hedging strategies, their products, and the underlying market dynamics (including liquidity). Develop and maintain a broad understanding of the different Desks and their respective markets so that you can provide cover for other individuals within the team with their risk reporting responsibilities. Recommend and motivate limits for your assigned Desks. Advise traders of limit / credit line availability. Upload limits promptly and accurately. If required, you may need to learn to investigate and explain changes in either the Trading Book Regulatory Capital, the derivatives margins, XVA reserves or other related metrics. Assist in the preparation of any other required risk reports on periodic basis. Where needed, specify and test any risk system changes. As part of your broader control framework and project-related responsibilities, you will be expected to: Use PowerBI to build and / or edit reports Develop an understanding of and apply the various policies and guidelines that govern the team. Develop an understanding of relevant models / methodologies (eg VaR, SA-CCR, XVA, FRTB MR and FRTB CVA). Assist in the design and periodic review the Market Risk Stress Testing Framework for all Trading Desks. Work with other teams to remediate and improve existing processes across other control functions, as required. Draft documentation to a high standard, including policy documents, procedure document and requirements specifications. Where project requirements relate to regulatory implementations, your work will include reviewing the regulatory specifications. Where the work has necessitated some IT development, the work will include comprehensive testing of the final implementation, as well as documentation of testing results.

Core skills and knowledge

Technical knowledge that is a pre-requisite for the role:


• A strong ability to code in Python.

• Knowledge of applied mathematics and / or numerical techniques employed within financial models, for example Monte Carlo, Finite Differences, lattice methods, etc.

Educational Background:


• A Bachelor's degree (or higher) in a numerical (this can be applied maths such as engineering, or pure maths) or computer science discipline Core skills and personal attributes that are required for the role:


• Analytical and numerate. A problem solver.

• Diligent, with strong attention to detail.

• A hands-on, pragmatic approach, and an ability to self-manage, research, design, prioritise, implement and deliver work in a time-efficient manner.

• Willingness to learn and ability to pick up new skills and technologies.

• A self-starter who takes initiative.

• An ability to think independently and challenge the current process in order to improve controls and efficiencies.

• Excellent communication (both written and verbal).

• An ability to think holistically

• A general awareness of the market/economic landscape.

• Demonstrate an energetic, passionate, creative and resilient outlook (willing to continue trying after failure).

• Honest. Act with integrity at all times. Embrace the philosophy of doing the right thing and treating our customers fairly.

• An ability to collaborate across functions effectively.

Additional technical knowledge that are essential to the role but which can and will be developed when in the role:


• An understanding of market and / or counterparty credit risk management principles and practices.

• An understanding of financial products across different asset classes (including appropriate pricing models and risk methodologies) and a good understanding of the associated trade lifecycle process.

• Knowledge of risk methodologies in general (for example Value at Risk, Stress Testing, Scenario Analysis)

• Knowledge of related risks such as credit, liquidity and operational risk, as well as how these might interact with market and counterparty credit risk.

Investec specific knowledge and how it is applied:

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Monetary

Non-contributory Pension & Discretionary Bonus

Life & Income Protection

Life Assurance, Critical Illness & Income Protection

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Recite Me

The Recite Me tool includes a screen reader, styling and customisation options, a series of reading aids, a translator and more.

  • Counterparty Credit Risk Specialist

    4 days ago

    Mumbai, Maharashtra, India KPMG Assurance and Consulting Services LLP Full time

    About the RoleThis is an exciting opportunity for a skilled Counterparty Credit Risk Specialist to join our team at KPMG Assurance and Consulting Services LLP.As a Counterparty Credit Risk Specialist, you will be responsible for understanding exposure calculation methodologies (simulation, aggregation, limit monitoring) and implementing both Modelled and...

  • Counterparty Credit Risk Expert

    1 day ago

    Mumbai, Maharashtra, India Deutsche Bank Full time

    Job DescriptionThe Counterparty Credit Risk Pre-Deal team is responsible for analyzing pre-deal credit exposures for the whole spectrum of derivative products. We perform comprehensive pre-deal assessment of complex structured transactions using quantitative qualitative risk management techniques such as VAR Potential Future Exposure back-testing scenario...

  • Senior Market And Counterparty Credit Risk Lead

    3 weeks ago

    Mumbai, Maharashtra, India Investec Full time

    Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa Our culture gives us our edge we work hard to find colleagues who ll think out of the ordinary and we put them in environments where they ll flourish We combine a flat structure with a focus on internal mobility If you can bring an entrepreneurial spirit and...

  • BA - Counter Party Credit Risk

    5 days ago

    Mumbai, Maharashtra, India KPMG Assurance and Consulting Services LLP Full time

    Job DescriptionJob description>> Role & Responsibilities- Work as a Business Analyst, Understanding of data and data architecture, metrics and the importance of these in the design and delivery of new dashboards. Able, to identify and engage data owners- Ability to translate business requirements into technical requirements.- Ability to a process mapping and...

  • Credit Risk Expert

    1 day ago

    Mumbai, Maharashtra, India CITI Full time

    Job Summary:The Credit Portfolio Analyst II is an intermediate-level position responsible for conducting credit reviews, credit approval, and monitoring the portfolio to identify credit migration in coordination with the Risk Management team. The overall objective of this role is to manage Citi's portfolio exposure to clients and counterparties globally.

  • Quantitative Analyst for Counterparty Risk Modelling

    3 days ago

    Mumbai, Maharashtra, India The Edge Partnership - The Edge in Asia Full time

    We are currently hiring a Quantitative Analyst to join our Risk Analytics Group (RAG), specializing in Counterparty Risk Modelling at The Edge Partnership - The Edge in Asia.Role OverviewThis role involves developing and maintaining Potential Future Exposure (PFE) models, supporting risk management across Rates, FX, Credit, Equity, and Bonds, as well as...

  • Quantitative Analyst for Counterparty Risk Modelling

    3 days ago

    Mumbai, Maharashtra, India The Edge Partnership - The Edge in Asia Full time

    The Edge Partnership - The Edge in Asia is seeking a highly skilled Quantitative Analyst to join its Risk Analytics Group, specializing in Counterparty Risk Modelling. This role involves developing and maintaining Potential Future Exposure (PFE) models and supporting risk management across Rates, FX, Credit, Equity, and Bonds.In this position, you will be...

  • Risk Management Specialist

    1 day ago

    Mumbai, Maharashtra, India Deutsche Bank Full time

    Company Overview:Deutsche Bank is a leading financial institution that prides itself on its risk management capabilities. Our team of experts works tirelessly to protect the bank from various types of risks, including credit, operational, and reputational risks.Job Description:We are seeking a skilled Risk Management Specialist to join our Global Credit...

  • Risk Management Expert

    7 days ago

    Mumbai, Maharashtra, India Cr�dit Agricole CIB Full time

    Job Description:We are seeking an experienced Senior Risk Analyst to join our team in Mumbai. As a key member of our credit analysis department, you will be responsible for analyzing credit applications, conducting financial and credit analyses, and writing credit files.Main Responsibilities:Analyzing credit applications received from the Front Office (FO),...

  • Associate - Coverage Credit Risk (Asia-large corporates) (Firm Risk Management)

    3 weeks ago

    Mumbai, Maharashtra, India Morgan Stanley Full time

    Associate - Coverage Credit Risk (Asia-large corporates) (Firm Risk Management) Job Number: 3256768 Posting Date :Oct 16, 2024 Primary Location :Non-Japan Asia-India-Maharashtra-MumbaiEducation Level:Bachelor's Degree Job :Credit RiskEmployment Type:Full TimeJob Level:Associate Description Company Profile: Morgan Stanley is a leading...

  • Credit Risk Senior Analyst

    2 weeks ago

    Mumbai, Maharashtra, India Citigroup Full time

    ICG Risk Analysis (IRAUs) is an integral part of the Institutional Credit Management ("ICM") organization. The IRAU's mandate is to deliver best-in-class credit risk analysis, monitoring and credit administration as a partner to ICG Risk and Banking, Capital Markets and Advisory's (BCMA) shared commitment to ensuring the safety and soundness of wholesale...

  • Counterparty Risk Analyst

    3 days ago

    Mumbai, Maharashtra, India The Edge Partnership - The Edge in Asia Full time

    We are currently hiring for a Counterparty Risk Analyst to join our Risk Analytics Group at The Edge Partnership - The Edge in Asia. In this role, you will be responsible for developing and maintaining risk models, conducting performance analysis and implementing improvements.The successful candidate will have:Strong knowledge of risk management principles...

  • Counterparty Risk Modelling Expert Wanted

    2 days ago

    Mumbai, Maharashtra, India The Edge Partnership - The Edge In Asia Full time

    The Edge Partnership - The Edge In Asia is seeking a talented Counterparty Risk Modelling Expert to develop and validate Counterparty Exposure Models, including PFE and SIMM. This role involves working on derivatives pricing, risk modelling, and exposure analysis across multiple asset classes.Key Skills and Qualifications:2-12 years of experience in risk...

  • Counterparty Risk Analyst

    2 days ago

    Mumbai, Maharashtra, India The Edge Partnership - The Edge in Asia Full time

    The successful candidate will play a critical role in supporting the development and validation of Counterparty Exposure Models, including Potential Future Exposure (PFE) and Initial Margin (SIMM), at The Edge Partnership - The Edge in Asia. This involves working on derivatives pricing, risk modelling, and exposure analysis across multiple asset classes.Job...

  • Corporate Credit Analyst Lead

    7 days ago

    Mumbai, Maharashtra, India Cr�dit Agricole CIB Full time

    About the Role:As a Senior Risk Analyst at Crédit Agricole CIB, you will play a critical role in assessing the creditworthiness of corporate clients and determining the associated risks. Your responsibilities will include analyzing credit applications, conducting financial and credit analyses, and writing credit files. You will also advise senior bankers...

  • Credit Risk Manager

    6 days ago

    Mumbai, Maharashtra, India MNC Group Full time

    **Job Overview**MNC Group is a premier financial services company that provides a wide range of products and services to individuals and businesses. We are seeking a highly skilled Senior Credit Analyst to join our team.The Senior Credit Analyst will be responsible for evaluating the creditworthiness of potential and existing clients, providing insights to...

  • Senior Risk Analyst

    7 days ago

    Mumbai, Maharashtra, India Cr�dit Agricole CIB Full time

    Job Description- Summary of the position:- Financial and credit analysis and writing of corporate credit files- Determining risk ratings in the rating tools- Issuing of risk opinion or risk conclusion on the credit requests- Participation in the Local Credit Committees- Co-ordinate with Regional and HO risk analyst teams- Monitoring of the economic and...

  • Credit Officer, Associate

    4 weeks ago

    Mumbai, Maharashtra, India Deutsche Bank Full time

    Job Title- Credit Officer AssociateLocation- Mumbai IndiaRole DescriptionRisk division has a fundamental responsibility to protect the Bank With group-wide responsibility for the management and control of credit market operational and reputational risks we have a unique vantage point which allows us a holistic view of our businesses and our clients ...

  • Senior Risk Analyst

    7 days ago

    Mumbai, Maharashtra, India Crédit Agricole CIB Full time

    Summary of the position:Financial and credit analysis and writing of corporate credit filesDetermining risk ratings in the rating toolsIssuing of risk opinion or risk conclusion on the credit requestsParticipation in the Local Credit CommitteesCo-ordinate with Regional and HO risk analyst teamsMonitoring of the economic and financial evolution of...

  • Counterparty Risk Model Developer

    4 days ago

    Mumbai, Maharashtra, India The Edge Partnership Full time

    About The Role:The Edge Partnership is looking for an experienced Quantitative Analyst to join its Risk Analytics Group (RAG). As a Counterparty Risk Model Developer, you will be responsible for developing and maintaining PFE models, collaborating with various teams to enhance risk measurement frameworks, and providing analytical reports for risk committees...