Global Risk

2 months ago

Mumbai, India Global Investment Bank Full time

About the company: Global Investment Bank


Business Unit Overview:

The Risk Methodologies Group (RMG) has the mandate to develop / enhance risk models in line with internal and regulatory requirements and to back-test VaR against Hypo and clean PnL. The methodologies side of the group has the critical task of owning all the risk models that are used for computing capital adequacy for the whole firm, and the back-testing group of adjusting and updating Hypo PnL using adjustments provided by various different systems. The group works extensively on the regulatory capital model, including the proposed regulation, fundamental review of trading book (FRTB).


Experience : 4 - 6 years

Qualification : Masters in Quantitative discipline (B.E / B. Tech+, M. Tech, MSc (Maths / Stats), Econometrics)


Role & Responsibilities:

  • Work closely with the Risk Methodologies Group (RMG) on the projects related to Regulatory capital models (eg. Basel,FRTB).
  • Work on the prospective regulation i.e. FRTB, perform firm wide plus desk level analysis to assess the impact of new regulation and support in quantitative impact study (QIS).
  • Ensure that the FRTB SA & IMA models meet their stated objectives by building robust SBA, RRAO, SA DRC, risk factor eligibility test tools, NMRF SES and IMA ESF methodologies.
  • Act as a subject matter expert for the risk models including an understanding of FRTB guidelines and providing support to the model users (i.e. Risk managers) and be a key point of contact with respect to such models.
  • Development and periodic update of proto-type models with special attention to the model related to Market risk VaR.
  • Implementation of risk models into strategic risk system (this includes developing methodology, building prototype, writing technical business requirement document, performing model testing, ensure compliance with regulatory requirements and liaising with model validation group).
  • Create strategic tools for RWA Optimization/deal analysis/RWA driver analysis/VaR/RNIV/Add-on/PnL Adjustment/Back testing using python to facilitate integration with FRTB implementation and offline calculation of risk numbers.
  • Build FRTB based What-If prototype tools in collaboration with Business / Risk Managers for new portfolio / hedge impact analysis
  • Participate in periodic review of models and calibration of model parameters.
  • Provide necessary support to team during validation of VaR models by Model validation group/Audit including any model change on an ongoing basis.
  • Need to handle stakeholder requests (typically FO and Risk Managers) on RWA optimization and What-If analysis.
  • Support with building tools that help in making the above processes more time-efficient
  • Holding technical workshops to educate stakeholders on how FRTB SA and IMA models work


Desired Background:

  • Need to have expertise on all FRTB capital models as well as PLA/ RFET. Need to have already worked on SA and IMA models
  • Experience with handling stakeholder requests (typically FO and Risk Managers)
  • Strong Market Risk RWA modelling background (preferably on FRTB SA and IMA models) and coding skills in Python
  • Good in SQL / Excel. Even basic ability is acceptable.
  • Gitlab understanding.

  • Global Risk

    2 months ago

    Mumbai, India Global Investment Bank Full time

    About the company: Global Investment BankBusiness Unit Overview:The Risk Methodologies Group (RMG) has the mandate to develop / enhance risk models in line with internal and regulatory requirements and to back-test VaR against Hypo and clean PnL. The methodologies side of the group has the critical task of owning all the risk models that are used for...

  • Global Fp&a Risk and Control

    3 months ago

    Mumbai, Maharashtra, India Citi Full time

    **Global Financial Planning & Analysis (Global FP&A)** **Manager (C11) - Global FP&A Risk & Controls - MCA Analyst - Mumbai** **Job Purpose** An excellent opportunity for results-oriented individuals seeking a career within Citigroup, and more specifically within the Finance Division. The purpose of the role will be to support the Global Financial...

  • Credit Risk

    5 days ago

    mumbai, India A Global Investment Bank Full time

    Job Location: MumbaiCompany: A leading Global investment BankAbout the team:The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes:Evaluation of likelihood that a counterparty defaults on its payments and obligations;Assignment of internal ratings to all...

  • Credit Risk Manager

    3 weeks ago

    Mumbai, India Global Investment Bank Full time

    Job Location: MumbaiCompany: A leading Global investment BankAbout the team: The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes:Evaluation of likelihood that a counterparty defaults on its payments and obligations;Assignment of internal ratings to all...

  • Credit Risk Manager

    3 weeks ago

    Mumbai, India Global Investment Bank Full time

    Job Location: MumbaiCompany: A leading Global investment BankAbout the team: The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes:Evaluation of likelihood that a counterparty defaults on its payments and obligations;Assignment of internal ratings to all...

  • Credit Risk

    6 days ago

    Mumbai, India A Global Investment Bank Full time

    Job Location: Mumbai Company: A leading Global investment Bank About the team: The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes: Evaluation of likelihood that a counterparty defaults on its payments and obligations; Assignment of internal ratings to...

  • Credit Risk

    7 days ago

    Mumbai, India A Global Investment Bank Full time

    Job Location: MumbaiCompany: A leading Global investment BankAbout the team:The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes:Evaluation of likelihood that a counterparty defaults on its payments and obligations;Assignment of internal ratings to all...

  • Credit Risk

    7 days ago

    Mumbai, India A Global Investment Bank Full time

    Job Location: MumbaiCompany: A leading Global investment BankAbout the team:The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes:Evaluation of likelihood that a counterparty defaults on its payments and obligations;Assignment of internal ratings to all...

  • Credit Risk Manager

    1 week ago

    mumbai, India Global Investment Bank Limited Full time

    Job Location: MumbaiCompany: A leading Global investment BankAbout the team:The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes:Evaluation of likelihood that a counterparty defaults on its payments and obligations;Assignment of internal ratings to all...

  • Chief Risk Officer

    3 weeks ago

    Mumbai, India Vrinda Global Full time

    Vrinda Globalis hiring for one of the leading, diversified and listed Non-Banking Financial Company (NBFC). Details are mentioned below:About the Role:Chief Risk Officer (CRO) - Housing Finance DepartmentLocation: Corporate Office, MumbaiRole Overview:As the Chief Risk Officer (CRO), you will be responsible for Heading credit & risk analysis team for housing...

  • Corp risk generic global jpmc

    3 months ago

    Mumbai, India JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** Organization Description** The Credit Risk Middle Office (CRMO) is part of the Reporting Middle Office and Control organization within Corporate Risk. Our role is primarily focused on support for the Wholesale Credit Risk Organization globally. Key functions include limit breach monitoring, ongoing credit risk client maintenance and...

  • Chief Risk Officer

    3 weeks ago

    Mumbai, India Vrinda Global Full time

    Vrinda Global is hiring for one of the leading, diversified and listed Non-Banking Financial Company (NBFC). Details are mentioned below:About the Role: Chief Risk Officer (CRO) - Housing Finance DepartmentLocation: Corporate Office, MumbaiRole Overview: As the Chief Risk Officer (CRO), you will be responsible for Heading credit & risk analysis team for...

  • Chief Risk Officer

    3 weeks ago

    Mumbai, India Vrinda Global Full time

    Vrinda Global is hiring for one of the leading, diversified and listed Non-Banking Financial Company (NBFC). Details are mentioned below:About the Role: Chief Risk Officer (CRO) - Housing Finance DepartmentLocation: Corporate Office, MumbaiRole Overview: As the Chief Risk Officer (CRO), you will be responsible for Heading credit & risk analysis team for...

  • Chief Risk Officer

    3 weeks ago

    Mumbai, India Vrinda Global Full time

    Vrinda Global is hiring for one of the leading, diversified and listed Non-Banking Financial Company (NBFC). Details are mentioned below: About the Role: Chief Risk Officer (CRO) - Housing Finance Department Location: Corporate Office, Mumbai Role Overview: As the Chief Risk Officer (CRO), you will be responsible for Heading credit & risk analysis team...

  • Credit Risk Manager

    1 week ago

    Mumbai, India Global Investment Bank Limited Full time

    Job Location: Mumbai Company: A leading Global investment Bank About the team: The team operates as a credit risk control function within the Risk Management Division, reporting to the CRO. The process for managing credit risk includes: Evaluation of likelihood that a counterparty defaults on its payments and obligations; Assignment of internal ratings...

  • Operational Risk

    3 months ago

    Mumbai, India PineBridge Investments Full time

    MAIN RESPONSIBILITIES The scope of the role will cover the following areas: 1. Risk - Operational Risk Management: Supporting the Global Risk Team in overseeing the successful implementation and execution of the Operatioanl Risk Management Frameworks within the business. 2. Geographies - Global 3. Fund Types - Fixed Income, Equities, Multi-Asset, Private...

  • Risk Management

    2 months ago

    Mumbai, India Nomura Full time

    Nomura Overview:Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and...

  • Risk Management

    1 month ago

    Mumbai, India Nomura Full time

    Nomura Overview: Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and...

  • Specialist – Risk Consulting

    5 days ago

    Mumbai, India IN014 Marsh McLennan Global Services India Private Limited Full time

    Description: Marsh is hiring for below position for Mumbai location Job Title : Specialist - Risk Consulting What can you expect? Contribute on projects ranging from Cyber Risk Consulting to ESG Risk Perform and develop a wide variety of financial and statistical analysis to help Marsh’s clients. Work with industry leaders across...

  • Risk - Policy & Enterprise Risk Management Associate

    2 months ago

    Mumbai, India Nomura Full time

    Nomura Overview:Nomura is an Asia-headquartered financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment...