Description
The Market and Valuation Risk Management (MVRM) group is a 2nd line of defence control under the Bank’s Chief Risk Office. MVRM globally identifies, assesses and manages the market risks, and is responsible for independent valuation of balance sheet positions, predominantly across the Corporate & Investment Bank (CIB).
For Technical Valuations (Tech Vals), a part of MVRM's Valuation Control unit, drives the change, innovation and AI strategy for two key 2LOD control teams: (1) Market Conformity Control (MCC) which independently validates that transactions adhere to prevailing market levels at the time of execution, using established methodologies, and (2) Exotic Trade Review (ETR) which checks and validates that the economic terms of complex, "exotic" trades match the executed legal documents agreed upon with clients.
Responsibilities
_for Market Conformity Control and Exotic Trade Review_
- Identify and escalate potential off-market exceptions to Front Office, and/or other key functions of the Bank part of the transaction.
- Ensure key economic terms of exotic trades are appropriately represented in the trade booking securities.
- Identify and highlight control gaps in trading and booking practices with 1st line of defence stakeholders.
- Regularly review utilized methodologies amidst dynamic market environment.
- Participate in change initiatives and implementations.
- Proactively identify process gaps for remediation, and deliver continuous improvement initiatives.
_for Technical Valuations_
- Design, develop, and implement robust Python-based solutions for complex valuation, risk management, and control processes, leveraging machine learning and artificial intelligence techniques.
- Build and maintain scalable data pipelines and data processing frameworks to support advanced analytical models.
- Collaborate with MVRM quantitative analysts and stakeholders to translate complex business requirements into technical specifications and deliver effective, innovative solutions.
- Develop, test, and deploy machine learning models to identify valuation anomalies, improve data quality, and enhance efficiency of control processes.
- Research and evaluate new technologies and methodologies in Python, ML, and AI to continuously improve our technical valuations framework.
- Integrate Python-based solutions with existing systems and data visualization tools.
- Ensure all developed solutions are well-documented, maintainable, and adhere to best practices for code quality and security.
Requirements
- Bachelor's Degree in either Math, Statistics, Accountancy, Financial Engineering, Finance or equivalent.
- Solid knowledge in financial markets products.
- Previous work on programming or data analytics is preferred.
- Strong control mind-set, and solid analytical, problem-solving skills.
- Highly organized and can work both independently and as part of a team in a fast-paced environment.
- Good communication skills and the ability to work in a multi-cultural setting.
- Proven ability to leverage AI tools.
Benefits
- Competitive Salary
- Attractive Retirement Benefit
- Medical and Life Insurance upon employment
- 20 days Annual Vacation Leaves