Divisional Overview:
- The Risk Management Division determines and manages the overall risk appetite of the firm.
- Responsible for managing the firm's risk-return profile to ensure efficient capital deployment.
- Operates independently from trading and operational areas.
- Organized by primary risk classes: Market Risk, Credit Risk, New Business, and Operational Risk.
- Provides senior management with an independent view of principal risks across business units.
Roles and Responsibilities:
- Ensure material risk concentrations are aligned with the firm's risk appetite and strategy through stress testing.
- Conduct regular stress testing to validate the firm's ability to continue operations under severe market scenarios.
- Analyze and review scenario results with a focus on derivative product behavior under stressed conditions.
- Define and expand stress scenarios.
- Improve stress testing reports and develop new stress tests to deliver key risk insights to senior management.
- Collaborate with front office and risk managers to assess portfolio risks and enhance scenarios.
- Consolidate and report results monthly/quarterly to senior management and regulators.
- Fulfill regulatory scenario requests and meet infrastructure and control requirements.
Key Skills Required:
Mandatory:
- Good knowledge of financial products (especially derivatives & repo), financial markets, and economics.
- Understanding of risk sensitivities, VaR, and stress testing.
- Strong programming skills in Python and SQL.
- Strong analytical, quantitative, and technical abilities.
- Strong oral and written communication skills.
- Proficiency in MS Office applications (Word, Excel, PowerPoint, etc.).
Desired:
- Certification in CFA/FRM.
- Python for Finance.
- Knowledge of Power BI, Alteryx.
