Job Description:
In Scope of Position based Promotions.
Job Title- Risk Specialist, Associate
Location- Mumbai, India
Role Description
The Counterparty Credit Risk and back testing team is a core function within Credit Risk Management. The global team is based in 4 locations - London, Frankfurt, Jacksonville, and Mumbai.
The team performs comprehensive pre-deal assessment of complex /structured transactions using quantitative/qualitative risk management techniques such as VAR, Potential Future Exposure (PFE), back-testing, scenario / stress testing, dynamic credit hedging & other risk enhancements, and identification of other non-trivial risks (liquidity, wrong-way, dislocation, concentration risk, gap risk).
Scope encompasses all Corporate and Investment Banking businesses covering all derivatives/financing products (rates, FX, equity, credit, commodity, emerging markets, structured products) and liquid collateral in Lombard Loans with Wealth Management clients. This may involve working with existing spreadsheet tools or setting up customized tools which use the bank’s internal pricing models. We ensure consistency in approaches among the various locations.
The group also performs analysis on counterparty portfolios, highlighting possible extreme movements in MtM driven by market factors and making Credit Risk Management aware of highly structured or highly sensitive transactions or concentrations. Team’s mandate also includes defining and implementing the standard AR setting methodology in ARSM (Advance Ratio Suggestion Model), and management of the SPV repack portfolio.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
Best in class leave policy
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above
Your key responsibilities
In this Associate role, your primary responsibilities will include:
Pre-Deal requests: Perform analysis of credit risk of individual derivative trades, typically structured, across all products in the firm - fixed income, equities, commodities, emerging markets, asset-backed and foreign exchange for transaction approval and counterparty portfolio assessment.
Methodology Oversight: You review Advance Ratio calculation and initial margin methodologies for different asset classes and ensure ongoing methodological and technological improvements of Haircut setting rules and calculation approach. This includes frequent updates of methodology handbook and papers and KODs in line with regulatory and business requirements.
Portfolio Risk Analysis: Perform and automate ad-hoc scenario analyses and stress tests across portfolios of counterparties and business lines. Lead discussions of risk mitigation for large complex transactions.
SPV Repack: Act as Credit Officer for SPV repack transactions, including risk assessment and formal transaction approval. Manage SPV counterparty ratings, credit limits, portfolio reviews, and ongoing risk monitoring.
Teamwork: Active involvement with CCR Pre-Deal colleagues globally on transactions, methodology/tool development, and other strategic initiatives
Stakeholder Engagement: Foster effective engagement with key Credit Risk Management (CRM), Front Office, and Lending stakeholders
Work Prioritization: Prioritize work to deliver core responsibilities, efficient risk analysis, and ad-hoc requests.
Hands-on Contribution: Actively participate in executing processes and providing daily BAU and ad-hoc analysis, demonstrating both management and practical involvement.
Continuous Improvement: Drive process improvement via automation tools, strategic tool adoption, and standardization of analysis and reports…