SME Business Analyst - Traded Risk Transformation

Location:
London
Job Type:
Contract
Industry:
Finance
Job reference:
BBBH138568_1621849977
Posted:
20 days ago
London

Role Purpose

The Traded Risk Transformation team is responsible for the successful implementation of strategic applications as well as BAU project activities to ensure the highest level of data quality and integrity for Risk Management and to comply with Regulatory commitments.

The role holder will primarily act as a lead across the BAU VaR/SVAR , MR Stress testing and FRTB planning and execution ag...
London

Role Purpose

The Traded Risk Transformation team is responsible for the successful implementation of strategic applications as well as BAU project activities to ensure the highest level of data quality and integrity for Risk Management and to comply with Regulatory commitments.

The role holder will primarily act as a lead across the BAU VaR/SVAR , MR Stress testing and FRTB planning and execution agenda for TR.

Principal Accountabilities: Key activities and decision making areas

Typical Targets and Measures


Impact on the Business
  • Support the planning and implementation of FRTB agenda for TR
  • Efficiency improvement of existing fragmented and manual systems
  • Global consistency and improved control framework
  • Meeting internal and external target dates
  • Improvement of process efficiency and internal control systems
  • Reduce manual workload in Risk Control

Customers / Stakeholders
Deliver effective systems in close co-operation with the following stakeholders;
  • Market Risk Management
  • Traded Credit Risk Management
  • Front Office Desks across all asset classes
  • Regulatory & Risk Analytics (GRA)
  • Independent model review (IMR)
  • Traded Risk Control
  • Global Wholesale Credit & Market Risk
  • Group Risk Technology
  • Front Office IT


  • Building solid relationships with stakeholder groups through meeting behavioral best practices
  • Proactive engagement through open dialogue and transparency on processes and controls
  • Addressing key hot topics as and when they arise

Operational Effectiveness & Control
Becognizant of the need of a strong control environment and ensuring process improvements are beingprioritized
  • Control process is in line with internal and external regulation (PRA, SOx, KPMG, etc.)
  • Delivery of process changes and developments in line with agreed projects plans
  • Delivery of regulatory implementations in line with agreed timeframe and targets





Major Challenges
  • Fragmented environment with large number of source and legacy systems
  • Constantly changing regulatory environment
  • Local specifics and (legal) restrictions
  • Dependencies on Front Office IT priorities

Role Context
  • The role is based in London, working closely with Risk Managers, Risk Controllers. Risk IT and GRA to ensure smooth delivery of complex projects and work streams
  • Changes to Risk systems are governed by external regulators, which require the project manager to ensure communication channels are open and available between the Risk Managers and the Regulatory & Risk Analytics teams
  • Responsible to ensure the wider change delivery team is kept abreast of changes in the region and are being engaged in the improvement process

Management of Risk


The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation.

The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.
Also by addressing any areas of concern in conjunction with entity management and/or the appropriate department.

Observation of Internal Controls


The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term 'compliance' embraces all relevant financial services laws, rules and codes with which the business has to comply.

This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Role Dimensions
  • Interacting with multiple systems on a day-to-day basis with large volumes of data and support End-to-End impact analysis for production go-live of the system.



Headcount reporting to this role

0

Knowledge & Experience / Qualifications


ESSENTIAL TECHINCAL EXPERIENCE REQUIRED
  • Knowledge of Basel 3 FRTB requirements desirable
  • Ability to work with large volumes of data - Analysis, regression of data and presentation of data.
  • Ability to demonstrate strong Excel, Power point and Python programming skills.
  • High degree of understanding of Traded Risk (Market or Counterparty Risk) terminology and concepts - exposure calculation approaches, Traded Risk Internal Controls framework, Basel II & III
  • Capable of exposure regression analysis and explaining differences between production exposure and target system generated exposure, through breakdown of variables
  • University graduate in Finance, computer science or numerated related disciplines.
  • Experience in documenting requirements, validating functional specifications, drafting testing approach plans and user acceptance test cases
  • Experience in risk system development cycles and working with Risk Technology departments.
  • Strong ability to understand and use complex systems and take a logical and constructive approach to investigating and communicating system problems
  • Understanding of how projects are delivered, including project lifecycle
  • Knowledge on trading business & products, risk methodology and regulatory framework. Specifically, exposure in all Asset classes, Market risks, Cross-Risks and trade characteristics.


DESIRABLE TECHNICAL EXPERIENCE
  • Experience in working with the following departments in a large financial organization; Risk Management, Product Control
  • Database design/knowledge

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