AM/ Manager- Market Risk/ Counterparty Credit Risk

Mastermind Network; Mumbai; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Mastermind Network is hiring for a Market Risk Manager role in Mumbai. The incumbent will analyze changes in portfolio market risk metrics (VaR, IRC) and oversee time-series updates to support VaR calculations across asset classes.

The candidate will monitor VaR movements from data updates, sign off on risk drivers and limits for MR RWA, liaison with Traders and Risk team, and contribute to CCAR and SFRC reporting while improving risk management systems and processes.

Responsibilities

• Analysis of changes in portfolio Market Risk Metrics including VaR, IRC and measure hedge efficiency of the portfolio.
• Responsible for Time series update across different asset classes to support VaR calculations
• Monitoring the movement in VaR due to market data set updates and detecting potential Spikes/Unusual moves in data
• Provide daily risk sign off on drivers and limits on MR RWA for xVA Trading Desk In collaboration with Risk team.
• Liaise with Traders to identify key risks and monitor risk exposures, understand the factors that steer the risk.
• Perform risk analysis, quality controls and sign-off for CCAR and weekly full-reveal SFRC results.
• Managing several critical reporting and governance routines for stakeholders such as external regulators and internal risk managers.
• Liaising closely with the business and other support functions to ensure risks are within firms risk appetite and correctly captured.
• Interface with stakeholders like IT/Risk Managers/Methodology team, and document processes and procedures.
• Develop new reports and analyses to support accurate stress testing results.
• Assist in the setup, configuration and implementation of new and upgraded risk management systems.

Job description

We are hiring for Market risk role with a leading investment bank.

Exp : 4-7 yrs - Manager

Location : Mumbai

Role & Responsibilities :

• Analysis of changes in portfolio Market Risk Metrics including VaR, IRC and measure hedge efficiency of the portfolio.
• Responsible for Time series update across different asset classes to support VaR calculations
• Monitoring the movement in VaR due to market data set updates and detecting potential Spikes/Unusual moves in data
• Provide daily risk sign off on drivers and limits on MR RWA for xVA Trading Desk In collaboration with Risk team.
• Liaise with Traders to identify key risks and monitor risk exposures, understand the factors that steer the risk.
• Perform risk analysis, quality controls and sign-off for CCAR and weekly full-reveal SFRC results.
• Managing several critical reporting and governance routines for stakeholders such as external regulators and internal risk managers.
• Liaising closely with the business and other support functions to ensure risks are within firms risk appetite and correctly captured.
• Interface with stakeholders like IT/Risk Managers/Methodology team, and document processes and procedures.
• Develop new reports and analyses to support accurate stress testing results.
• Assist in the setup, configuration and implementation of new and upgraded risk management systems.