Our client, a top-tier International Bank is seeking to bring on an Analyst within their Valuation and Risk/Control operations team.

Responsibilities:

• Contribute to Risk Control framework: End-of-day Risk Limits, Intra-day Risk Limits and Trader Mandates. This increasingly complex and demanding function requires ongoing participation in process execution, analyses, and project coordination by all team members.
• Ensure that daily end-of-day/intra-day limits and mandate breaches are investigated, understood, promptly escalated according to the global policy and all the comments are well documented in the daily/weekly/monthly summary reports and Dashboard.
• Particularly regarding the risk limits monitoring there is a need for constant dialogue and interaction with Front Office management, the Risk and Operations department and IT to:
  • Understand the methodologies used to compute the market risks indicators in the risk systems to calculate end-of-day risk and Intra-day risk limits
  • Identify, research and resolve limit discrepancies between the Front Office system and Risk system
  • Identify inconsistencies across risk indicators
  • Coordinate with other internal groups to resolve issues and post accurate market risk in the official Risk system
  • Ensure control exhaustiveness
• For the trader Mandate management function:
  • Understand the different mandate characteristics and controls across the various product asset classes
  • Identify, investigate and escalate policy breaches
  • Summarize and report outstanding issues to global V&RC management, coordinate to resolve the issue (ie: update the mandate systems globally, amend the mandate reconciliation logic)
  • Ensure timely sign-off if Trading Mandates by Front Office personnel
  • Ensure control exhaustiveness
  • Changes are documented and exhaustively maintained.
• Implement new controls and processes arising changes in the regulatory environment such as Volcker and the French Banking Law

Qualifications:

• 1-3 years of relevant financial related industry experience
• Project coordination skills. Effectively communicate and coordinate across diverse global groups to meet challenging targets
• Prior P&L, Product Control or Audit experience or other experience working in a control function
• Working product knowledge across a wide range of asset class
• Strong IT skills including Excel and VBA
• Technically strong in areas of financial mathematics complemented by knowledge of market practice
• Strong control oriented mindset
• Thrive under tight deadlines to produce accurate and thorough results. Attention to detail is essential especially when under pressure and time constraints.
• Strong written and verbal communication, listening skills. Ability to effectively communicate to various audiences (senior, junior, trading, IT, non-technical, audit, etc.)
• Results/Solutions driven: Manage constraints and competing priorities; ability and mindset to compromise and build consensus to optimize outcomes
• Intellectual interest in operational risk; overall concern over the effectiveness of the bank’s control structure.
• Ongoing curiosity in the evolution of the market environment, the organization, and the bank’s businesses