Market Risk Avp

**Job Title**:Market Risk AVP

**Location: Mumbai**

**About Barclays**

**Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.**

**Risk and Control Objective**

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

**Working Flexibly**

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life.

If you would like some flexibility, then please discuss this with the hiring manager.

**Introduction**:
As a Barclays Equity Market Risk Manager you will be a part of Equity Market Risk Management team, covering trading desks across Structured Derivatives, Prime Financing & other desks. You will provide additional and independent information to the business to enhance decision making, whilst providing a control environment which satisfies the objectives set by the regulators.

The role is within the Market Risk Management team located in Mumbai, integrated with UK + US Market Risk Management. Key responsibilities include VaR sign offs for Equity desks, Stress, RNiC and IRC computation, working with model challenges and analysing and monitoring cross gamma market risk exposure across desks and businesses

**What will you be doing?**
- Ensuring daily signoff of risk, stress, and VaR/SVaR figures, to ensure timely and accurate market risk capture and risk reporting
- Partner with Risk colleagues to risk manage; comfortable challenging stakeholders and/or escalating findings (e.g. unexpected and/or large shifts in risk profile) as necessary to ensure appropriate risk taking in a controlled environment against Risk Appetite / Limit Framework.
- Ability to build strong relationships across departments (e.g. Trading, IT, Finance, etc.) to ensure that risks area properly captured and problem solve
- Leverages knowledge of the equity markets and equity products, particularly vanilla options and volatility index products, and takes initiative to drill into and investigate risk.
- Drive infrastructure upgrades/development and regulatory deliverables - ensuring we improve infrastructure and have an understanding of the changes and are able to explain these.
- Providing accurate and timely production of Primary and Secondary Stress outputs, as well as the investigation of changes in the market risk that feed into the process
- Reviewing VaR and non-VaR limits, as well as scenarios shocks, on a periodic basis
- Supporting the senior risk managers identifying and aggregating the headline risks across the businesses; writing weekly commentary of associated risks in the context of Equity events
- Processing and production of the monthly Risk Not in VaR capitalization figures for the RNIV businesses
- Ensuring full risk capture and completeness, both on a procedural (book and mapping) basis, as well as a risk factor (e.g. crosses, higher orders) basis
- Handle Top-Risks and market commentaries on rotation with Global Risk Managers

**What we’re looking for**:

- Motivated self-starter, able to operate from day one with mínimal supervision essential
- Ability to handle multiple priorities and operate autonomously whilst still being able to escalate appropriately
- Proficiency in Excel absolutely required. Must have ability to evaluate basic Greek sensitivities
- Ability to propose, create, and deploy views and appropriate cuts of risks, including creation of new metrics or scenarios, in order to visualize and subsequently summaries risk for management
- Educational background in a quantitative discipline, eg Risk, Finance, Business
- Sound knowledge of derivative markets, products and pricing
- Analytical and IT skills are required (Excel/VBA) to build tools that will help in carrying out the responsibilities in this role.

**Skills that will help you in the role**:

- Excellent interpersonal skills, with confidence to follow up with multiple upstream and downstream teams
- Technology proficiency in any of these languages: Python, SQL, VBA, C, C++, Jav