Team Leader, Market Risk
- Northern Trust Corp
- 3 to 5 Yrs
- Mumbai
- 1 year ago
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Job Description
Role Responsibilities
Overview
RRSD Unit faces the Group Risk Function with a peripheral support to CEO CIB Function. It handles wide spectrum of activities to support the Enterprise Risk Analytics, Traded Risk Management, Risk & Compliance Reporting teams of the Group Risk. The unit is also currently expanding itself to support the CEO CIB Office with Credit Portfolio Management. Various sub-units underneath RRSD are listed below:
Enterprise Risk Management
Risk Reporting
Market Risk Operations (MRO)
The teams activities include production and distribution of daily risk reports, monitoring of Market Risk Exposures against limits, where applicable at country, regional, global and group level for Rates, Commodities, Credit Trading, Equities, Convertible Bonds, Foreign Exchange, Foreign Exchange Options and XVA. Maintain static data information in respective systems (VAST2 and partially in PCT) & Preparation and distribution of governance packs. To aid in infrastructure related changes/development including structural changes in EUCs which are used for generation of Daily / Weekly / Monthly / Quarterly risk reports. In addition, the team prepares Capital, RNiVs & Group level VaR reports that are used for external & regulatory reporting.
Strategy
- Help to ensure appropriate BAU controls being established and deployed effectively in GBS.
- Help to support new Business requests through Product programmes and Country addendums
- Help to look for possibilities of leveraging on synergy within the various processes through automation thereby bringing in improvements.
Business
- Help the team to pursue the strategic intent and agenda for RRSD
- Help to improve client experience through more efficient and effective processing in tandem with Risk, Client Coverage and Front Office users
Processes
Risk & Reporting
MRO
- The production and distribution of daily risk reports and monitoring of Market Risk Exposures against limits, where applicable, at country, regional, global and group level.
- Maintain static data information in VAST2 and PCT (partially)
- Preparation and distribution of Product, OPEX and RQD packs
- Preparation of Capital reports, RNiV & Group level VaR reporting that is sent to external & regulatory reporting
- Participating in any projects / infrastructure / EUC UAT rolled out which has an impact to the Risk Report
People & Talent
- Compliance with all relevant process procedure, guidelines, rules & regulations
- To work and solve problems independently and be able to work in a deadline-oriented environment
Risk Management
- Embed new Operational Risk framework into monitoring processes and report any escalations to Management.
- Monthly monitoring of CST and performance measurement of KCIs
Governance
- Work closely with Operational Excellence & Change management team members to understand key issues and processes and drive automation of processes.
- Adherence to mandatory certifications and operational requirements
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group s Values and Code of Conduct .
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Key stakeholders
- Group Traded Risk Management (TRM)
- Group Enterprise Risk Management Team
- Group Risk & Compliance Infrastructure and change management
- CEO, CIB office
- Associated Technology partners
- Business desks
- GBS Management team
Other Responsibilities
- Participate in at least 2 days of volunteering per year
- Participate in engagement activities
- Be motivated and actively engage in activities like innovation and automation initiatives
- To hold assigned roles of First Aider / Fire Warden / ADCC as appropriate and discharge the expected responsibilities.
Our Ideal Candidate
Qualifications
- Post-Graduation in Finance with relevant 3+ yrs experience
- Risk Certifications from established institutions is recommended
- FRM Certified candidates will be preferred
- Any technical Certification in MS Office Advanced tools / SQL / Tableau / SAS/ will be preferred
General Skill Set:
- Strong knowledge in banking products across asset classes (FX/Rates/ Equity/ Credit and Commodities)
- Strong knowledge in Data Analytics (Including ML capabilities)
- Hands-on SQL, SAS, PYTHON
- Awareness of trading environment, macroeconomic fundamentals, market moves & potential impact on exposures.
- Excellent communication skills - verbal and written
- Ability to work under pressure
- Have excellent attention to detail
- Be able to work in a global team
- Expertise in programming language is not required but good to have
- Working knowledge in MS Excel, Access
- Knowledge about Market and Credit Risk
- Documentation skills
- Working knowledge of the Group s businesses, governance structure and approach to risk management.
- Experience in team admin tasks/cost controller/project accountant role with familiarity to SCB project management standards / tools would be a distinct advantage
- Experience in Agile framework
- Significant Experience in major regulatory programs in the Risk/Finance, Banking industry BCBS,IMM,CVA etc
Role Specific Competencies
- Manage Conduct
- Manage Risk
- Manage People
- FM Products
- Problem Solving skills
- SAS/ Python/ SQL/ Tableau
- Analytical Skills
Employement Category:
Employement Type: Full timeIndustry: Banking / Financial Services
Role Category: General / Other Software
Functional Area: Not Applicable
Role/Responsibilies: Team Leader, Market Risk
Contact Details:
Company: Standard CharteredLocation(s): Mumbai
Keyskills: customer relations risk management quality front office static data sales sla
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Northern Trust Corp
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the worlds most-sophisticated clients from...
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