Job Specification
Department Overview:
This is a role in the FI/FM (Financial Institutions / Financial Markets) Risk department. The FI/FM Risk department is a team of approximately 70 people supporting a wide area of businesses within Financial Markets, Group Treasury and Lending Services. The team is responsible for the market risk and product control function as well as counterparty credit risk. The department’s core activities are measuring and analysing market risk and trading performance across a variety of financial products, as well as counterparty exposures. The role of the department is as a second line of defence being business partner to the Front Office (FO), providing challenge and support.
This role is in the Equity Derivatives team of FI/FM Risk.
Main Duties and Responsibilities of Role:
The responsibilities for the role are:
- Monitoring, analysing and reporting the organisation’s market risk exposure on a day-to-day and long-term basis for the Equity Derivatives desk
- Closely follow market developments and analyse both the realised and potential impact on the trading portfolio
- Continuously engaging with FO to keep up to date with their trading strategy and pricing
- Monitoring trading limits and reviewing transactions over the established limits
- Production and in-depth analysis of daily and longer-term profit and loss (P&L)
- Understanding and explaining the content of the reporting to FO and senior management
- Improvement of the desk processes, looking for opportunities to increase efficiency and enhance the control framework
- Involvement in local and global projects to implement changes in systems and regulations like IBOR replacement and FRTB
Candidate Profile
Qualification/Education
Essential:
University Degree (2:1 or above) in a quantitative field, preferably (financial) mathematics, engineering, physics or econometrics
Experience/Knowledge
Desirable:
Competent with Microsoft Office programs.
Knowledge of risk management, including VaR, greeks, and FRTB
VBA or Python programming, SQL database queries
Personal Competencies
Essential:
Excellent analytical and problem-solving skills
Good communicator with attention to detail, pro-active, autonomous as well as ability to summarise
Strong team player with ability to work successfully with cross-functional, geographically dispersed teams
Flexible approach to role and responsibilities
Ability to manage multiple tasks at the same time
Ambition to specialise into the equity derivatives asset class and continuously learn as much as possible
Comfortable working with complex technical processes and analysis of large data sets