Job Description

Job Title VP- Market Risk Control and Oversight

Description

JOB PURPOSE: The purpose of the job is to provide comprehensive market risk control & oversight of Global Markets function on a regular basis in compliance with Bank Policies, regulatory guidelines and financial market environment.KEY ACCOUNTABILITIES: Generic AccountabilityAct in consonance with the Group's vision and mission to facilitate the organizational objectives of growing strongerEnsure the achievement of the bank's business plans by optimizing risk adjusted performance of Global MarketsProvide an assurance to the GCRO through the Head of Market and Liquidity Risk that all material market risks pertaining to Global Markets have been identified & monitored and mitigation strategies put in place wherever requiredJob Specific AccountabilitiesAct as the Lead for liaising with Global Markets (single point of contact) to ensure effective service delivery and its improvements.Ensure that all risk reports are reviewed, validated and explained before and after dissemination to stakeholdersPerform Basel II calculations and reporting relating to Market RiskEnsure the oversight of desk level P&L for GM as prepared by product controlActive participation in preparation of MIS for senior management and supporting head of market risk management for the same.Active stakeholder for all on-going projects pertaining to market risk oversight or impacting market risk reporting.Develop the methodology for PL explanation / attribution and create a reporting frameworkPerform stress testing in accordance with regulatory guidelines.Carry out product reviews and approvalsJob Context Work closely with several teams to achieve the role objectiveo Market Risk Analytics team for risk methodologies, market data etc.o Group Finance: Product control - active liaising to ensure the correct reflection of risk adjusted returns and accounting is aligned to risk practiceso Middle office and Risk Control - for daily validation of market and static data, collateral, risk reports etc.o Enterprise Risk Management - for market risk capital and process involved around RWA calculations.Carry out process improvements using Murex as the key systems enabler.QualificationsMinimum QualificationBachelor's degree in Finance / Economics / Engineering or professional qualification like CA.Professional certification like FRM or CFA would be an added advantageMinimum Experience10 years' relevant experience in the banking sector with at least 7/8 years in similar positions of progressively increasing managerial responsibilities in the Market Risk, ALM or Treasury function.Other essential requirementsExperience of having extensively worked on Murex platform for market risk management.Knowledge of financial markets and multiple assets classes (Fx, fixed income, equities, commodities)Ability to work accurately under pressure to tight deadlines.Strong inter-personal skills in order to interact confidently with senior management

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