Legal Entity Market Risk

Job Summary:
This is an independent risk group, overseen by the Corporate Investment Bank Chief Risk Officer, which measures, monitors and controls market risk. Within Market Risk department, Legal Entity Market Risk team focuses on market risk management across each individual legal entity.

Market risk management seeks to ensure that the firm's market risk profile is transparent to senior management, the Board of Directors and regulators. Legal Entity Market Risk coverage staff has regular dialogue with the trading desks and businesses with respect to risk appetite, risk limits and individual large and complex transactions. The group has teams aligned to each legal entities and region and works closely with the Front Office, CFOs, CROs and legal entity Finance and other support functions to ensure compliance to regulatory requirements and provide independent risk return assessments to support business growth.

As an Associate in the Legal Entity Market Risk team, you will manage the interface and relationship with local regulators around Market Risks. This requires an understanding and interpretation of the local regulatory requirements and providing a consistent response to each of the individual regulators with whom we interact. For those entities, Legal Entity Market Risk is responsible for risk oversight and control of the legal entities, which involves the establishment of a cross line of business framework for the measurement and control of market risks at the legal entity level.

Job responsibilities:

- Provide leadership on India Legal Entity Market Risk strategy. Understand the Legal Entity requirements around Market Risk in India or APAC region.
- Handle effectively Legal Entity onsite and offsite inspections/examination and establish & ensure a robust risk governance framework.
- Establish and monitor risk limits for the legal entity. Provide commentary and analysis as required.
- Assist in limit escalations and monitor key control processes. Monitor market risk positions - with the aim to identify material risks, concentrations and tail risks to ensure no surprise.
- Conduct ad hoc risk scenario analysis for and respond to urgent requests from senior risk and trading management.
- Understand the factors that drive the risk and P&L on the books, follow market movement/activities affecting positions, highlight and discuss risk changes and top risks.
- Actively engage with location trading desk managers to remain current on risks, business activity, exposures, material trade approvals, limits and etc.
- Participate in the location Risk Committee meetings to cover changes in and understanding of risk profiles and any market risk issue arising. Participate and drive deep dive and risk analysis, including cross asset risks across the trading desks and businesses.
- Improve risk transparency, methodologies and reports by conducting deep-dives on various basis risks, curve risks, specific structure risks etc.
- Coordinate with FO, MO, Finance and Technology on projects relating to FRBT, VaR, stress, risk reporting and interact extensively with technology support teams relating to methodology and infrastructure changes and improvements.
- Support the APAC legal entity team resiliency initiatives, which includes supporting the rest of the Asia Legal Entities in the regulatory deliverables and commitments

Required qualifications, capabilities, and skills:

- Minimum Bachelor’s degree
- Strong knowledge of local financial markets and products, including derivatives.
- Strong analytical skills and highly numerate. Sound understanding of quantitative concepts relating to risk sensitivity, P&L explain, VaR and stress testing.
- Familiar with Market Risk Management related to local regulations.
- Strong knowledge on risk control processes and governance
- Excellent written and spoken communication skills; experienced in presenting to auditors and regulators.
- Deep sense of accountability and able to work independently with limited supervision.
- Work well under pressure with commitment to deliver under tight deadlines.
- Excellent interpersonal and influencing skills to drive cross functional initiatives and solve complex issues

Preferred qualifications, capabilities, and skills:

- At least 8 years’ experience in financial markets, previous trading or market risk management experience preferred.
- Prior managerial experience preferred