Build good relationships with the traders and managers, advise and enlighten their understanding of material market and credit risks.
Report on the impact of market events on current market risk positions to the Director.
Identify gaps, weaknesses or opportunities for improvement in the Corporate Policy and Standards supporting market risk-related activities and to address these through recommendations to the MD Risk Oversight.
Send technical, analytical, and conceptual information regarding market measurement/methodology to traders and management.
Ensure the Market Risk objectives are met.
Provide direction to VPC and Risk Reporting Group.
Ensure risk factors and risk measurement methodologies are updated in response to changes in market dynamics.
Work with the internal auditors.
Make a recommendation for appropriate risk limits and ensure processes are in place to monitor against limits.
Develop, publish, issue, update and file maintenance of Trading Authority letters.
Work with managers to approve or recommend one-off transactions, or full implementation of new trading products.
Qualifications:
4 years of experience within a market risk group or similar control function within Capital Markets.
Excellent understanding of global financial markets and products.
Have a knowledge of option “greeks” and topics concerning derivatives pricing.
Advanced knowledge of EXCEL, MS Access, PowerPoint, MS Word, computer programming.
Good knowledge of statistics.
Experience with equity and interest rate derivatives a plus.
Analytical and problem solving skills.
Ability to deal with conflict resolution .
Strong communication skills.
Having the ability to work independently and within a team.