Description
We are seeking a Risk Specialist, Associate to join our Counterparty Credit Risk and back testing team in 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).
The 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.
Your key responsibilities
- 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.
- 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.
- Perform and automate ad-hoc scenario analyses and stress tests across portfolios of counterparties and business lines.
- Act as Credit Officer for SPV repack transactions, including risk assessment and formal transaction approval.
- Foster effective engagement with key Credit Risk Management (CRM), Front Office, and Lending stakeholders.
What we’ll offer you
- 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 skills and experience
- 4+ years in Risk Management or related fields.
- University degree in Finance, Economics, Mathematics, Engineering or Physics.
- Strong background in regulatory Counterparty Credit Risk requirements for banks, product risk analysis, with detailed understanding of historical simulation-based credit risk calculations.
- Excellent knowledge of derivatives, funds, shares, bonds, structured notes and their risk profiles.
- Ability to operate strategically with strong problem-solving, analytical skills, and commercial acumen.
- Collaborative personality with excellent presentation, communication, influencing, and networking skills.
- Fluency in English.
- Good understanding, and preferably working knowledge, of Python.
How we’ll support you
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs