AVP-Market Risk

Experience in Market Risk/VAR Calculation/Financial Analysis/Gap Analysis/Treasury Management

About Capital and Risk Information Services ( Mumbai)CRIS Mumbai
The Risk function is responsible for evaluating, monitoring and controlling Market, Credit, Contingent, Operational and Settlement Risk to ensure comprehensive and effective control and independent challenge to support the Bank in its commercial objectives. Risk works with the business units to independently quantify the appropriate level of risk for the client, for the bank and for our shareholders, applying appropriate governance and control to ensure the right decisions are made using accurate calculation, assessment and recording of exposure and risk.

Within Risk, Risk Information Services (RIS) - Market Risk delivers global, multi-asset class solutions for the production, control and validation of various internal model risk measures (DVaR, SVaR, IRC and APR). RIS plays a key role in the management and maintenance of processes that feed into all Market Risk Capital measures. The department works closely with a variety of stakeholders including front-line desk risk management.

“We are an equal opportunity employer and we are opposed to discrimination on any grounds.”


Overall purpose of role
As a Team Lead for the CRIS team, the key expectation is to take responsibility for CRIS processes assigned which includes managing the daily operational process of validating the Time Series (TS) data feeding the risk engines, ensuring timely publication of VaR and other risk measures ( SVaR, IRC, Back Testing , APR and CVA ). As a Lead the expectation will be to work closely with a variety of stakeholders including front-line desk risk management.


Key Accountabilities
• Responsible for Leading and providing local oversight of CRIS production team ( Business Line / Functional Team) in Mumbai.
• Responsible for operational management of daily deliverables ,
• Ensure any data quality gap is overcome by means of effective dialogue with internal and external team members.
• People Management for a team size of 10
• Ensure timely VaR sign-off ( Flash/Finals/ etc ) and other deliverables based on frequency
• Monitor, escalate any production gaps (people issues, system issues) to the management team or IT.
• To provide business requirements for any new development or fixes to the Market Risk Projects team or IT and to sign off test results.
• Subject matter expert on CRIS Market Data and VaR processes; responsible for training of new joiners in CRIS Mumbai Team,
Stakeholder Management and Leadership
• Liaise with the CRIS onshore teams , Risk Managers as well as with the relevant Change/IT teams for various key initiatives ( Tactical and Strategic Change , BAU escalations and Control tasks)
• Ability to deal with senior stake holders across different time zones ( CRIS Mumbai support Risk Managers in Asia and EMEA )

Decision-making and Problem Solving
This section should describe the extent and level to which the job requires evaluative judgement and analytical skills. Detail should be provided as to the type and complexity of problems and the impact the role has on developing or enhancing existing systems or processes



Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted]
- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards
- Local SPOC to liaise with both Internal & External Audits to make sure that appropriate Controls are in place
- Ensure the Market Data / Risk measures function is compliant with all Regulatory requirements in terms of both timeliness as well as accuracy
- Ownership of the quality of the control checks on the processes
- Ownership of implementation of all proposed Risk Controls like the RCSA in a timely manner in the entire market data space
- Ensure complete adherence of the team to all internal Barclays Policies and Standards at all times

Person Specification
• Excellent communication skills
• Good knowledge of Risk, especially Market Risk concepts and methodologies
• Strong IT skills
• Depth of People Management
• Experience in building, managing, and improving processes.
• Prior experience in the Market Risk Reporting
• Masters Degree in a quantitative discipline ( Financial Engineering, Financial-Math)
• Deep knowledge of Risk Measures, sensitivity-computation methodologies
• Proficient in the use of IT Systems; ability to quickly come up the curve on in-house systems.
• Proficient in programming languages - VBA, SQL ( Preferred )
• Presentation Skills & Excellent skills on Excel
• Highly motivated, energetic individual with a strong process engineering and quality control focus.
• Comfortable liaising with the department’s wide range of business partners that span globally,
• Strong problem solving skills and attention to detail.
• Team player and lead - willing to take on incremental responsibilities.
• Ability to cope with change and very tight deadlines
• Ability to deal with senior stake holders across different time zones ( CRIS Mumbai support Risk Managers in Asia and EMEA )

CA

9 Years

As per industry standard