Overview
The Market Risk Management & Product Control department operates within the Trading Risk Management unit and is responsible for the daily measurement, control and assessment of the market risk profile and profit & loss of the trading books in the bank and provides advice to senior management on risk positions and stress testing. The department is globally setup within squads with product owners covering most aspects of the work on a specific asset class delivering a global vision of working in an aligned fashion. It is an agile scrum framework that suits itself well to a dynamic workload where teams jointly deliver within short timeframes. The successful candidate will be part of the global squad covering main risk reporting and management duties as well as contributing features to global projects of the asset class.
Job description – Analyst
The role of the Market Risk Manager & Product Controller is to monitor and analyze P&L and market risk exposure on a day-to-day basis for Rates Trading desks. It involves monitoring and measurement of positions against the bank’s limits. In addition, the analysis and calculation of independent valuation adjustments and reserves are part of this role. The wider team in Singapore consists of seven other members covering Credit Trading, Global Securities Financing, Structured Financing. The team has a joint responsibility to deliver on the quarterly requirements for reporting/control as well as system project roll-outs and regulatory compliance projects involving their respective asset class.
Key Responsibilities
Daily
- Ensure timely delivery of accurate daily P&L, VaR and Risk report
- Perform P&L attribution and Risk analysis independently
- Ensure excesses are rectified/explained or escalated
- Backtest the VaR and highlight/explain outliers
- Ensure accurate booking of trades to enable efficient risk management and balance sheet valuation
- Keep track of market developments/changes and its impact on trading strategy highlighting changes and issues to local management as well as direct discussion with Front Office personnel
- Ensure Front Office to General Ledger reconciliation is reviewed (Balance Sheet position and P&L)
Monthly
- Preparation of monthly risk meeting for Risk and P&L discussions among Front Office, MRM and Finance
- Perform reserves calculations and independent price testing
- Perform Fair Value Hierarchy assessment
Special Duties
- Assist in system implementations and projects on the desk as part of a squad with global alignment across the Rates asset class within Financial Markets
- Support in one-off product and trade approval discussion and fact finding together with senior stakeholders in the business
- Provide market risk assessment of collateral securities in banking book transactions (margin loans, etc)
We are looking for (key competencies and qualifications)
- You have a Bachelor’s/Master’s degree in Finance, Economics or Mathematics
- You have good MSOffice VBA knowledge, with ability to work with existing code and encode/troubleshoot simple VBA/macros, basic SQL knowledge is a plus
- You have strong analytical skills and good communication skills
- You have 1+ years of experience in Market Risk, preferably in Derivative products
- Fresh graduates with keen interest and good knowledge of financial products are welcome to apply
