Manager - Market Risk & Analytics - Mumbai

BDO India; Mumbai; On-site; INR 1,800,000 - 2,600,000; Full time

Job summary

BDO India is seeking an Assistant Manager - Market Risk and Analytics in Mumbai to lead consulting engagements with financial institutions and corporates, focusing on market risk management, VaR, ES, stress testing, and regulatory frameworks.

The role requires advanced degrees, FRM/CFA/PRM, strong experience in market risk modelling or validation, and proficiency in Python, with excellent communication and client management skills.

Qualifications

• Advanced Degree: Master’s/PhD in Finance, Economics, Statistics, Mathematics, Data Science, Engineering, or similar.
• Certifications: FRM, CFA, PRM, or equivalent.
• Strong experience in Market Risk and FRTB modeling or model validation/development.
• Regulatory Knowledge: Basel/FRTB market risk framework and related regulatory requirements.
• Financial Products: Understanding of fixed income, FX, equities, commodities and derivatives.
• Technical Skills: Proficiency in Python or equivalent programming languages.
• Communication Skills: Strong report writing, presentation and client communication skills.

Responsibilities

• Independently lead and manage consulting engagements with banks, financial institutions, NBFCs, insurance companies and corporates across market risk areas.
• Demonstrate knowledge of market risk concepts and methodologies across asset classes and products.
• Demonstrate understanding of VaR, ES, stress testing, sensitivity-based risk measures, and scenario analysis.
• Lead day-to-day execution of client projects and translate business requirements into analytical solutions.

Skills

Analytical thinking

Problem solving

Communication skills

Client interaction

Education

Master's/PhD in Finance or related field

Tools

Python

Job description

BDO is a global network of professional services firms with a presence in over 166 countries, revenue of over USD 14 billion, and experience of over 60 years. It’s a leading service provider for the mid-markets with client service at its heart.

BDO India Services Private Limited (or ‘BDO India’) is the India member firm of BDO International. BDO India offers strategic, operational, accounting and tax, and regulatory advisory & assistance for both domestic and international organizations across a range of industries. BDO India is led by more than 300+ Partners & Directors with a team of over 10,000 professionals operating across 14 cities and 20 offices. We expect to grow sizably in the coming 3-5 years, adding various dimensions to our business and multiplying and increasing the current team size multi-fold.

Job Description – Assistant Manager - Market Risk and Analytics

• Candidate with the right mindset to grow with the firm. We need candidates who can align themselves with the growth trajectory of the firm.
• Ability to multi-task, challenge the status quo, and be a quick learner.
• Strong analytical and problem-solving skills with an ability to understand complex financial products and risk concepts.
• Ability to work independently as well as collaborate effectively with client and internal teams.

Role:

• Independently lead and manage consulting engagements with leading banks, financial institutions, NBFCs, insurance companies and corporates covering areas such as Market Risk Management, Market Risk Modelling, VaR/Expected Shortfall, stress testing, risk sensitivities, FRTB and other market risk areas.
• Demonstrate knowledge of market risk concepts and methodologies across key asset classes and financial products including interest rates, foreign exchange, equities, commodities, credit spreads and derivatives.
• Demonstrate knowledge of concepts related to market risk measurement and modelling, including Value-at-Risk (VaR), Stressed VaR, Expected Shortfall (ES), sensitivity-based risk measures, historical and Monte Carlo simulation, stress testing, backtesting and scenario analysis.
• Demonstrate understanding of market risk regulatory frameworks and capital requirements, including Basel/FRTB requirements, risk factor eligibility, modellable/non-modellable risk factors, and market risk capital calculations.
• Lead and drive day-to-day execution of client projects.
• Work closely with client stakeholders to understand business requirements, translate them into analytical solutions, and communicate findings and recommendations effectively.

Requirements:

• Advanced Degree: Master’s/PhD in Finance, Economics, Statistics, Mathematics, Data Science, Engineering, or similar.
• Certifications: FRM, CFA, PRM, or equivalent.
• Strong experience in Market Risk and FRTB modeling or model validation/development
• Regulatory Knowledge: Understanding of Basel/FRTB market risk framework and related regulatory requirements.
• Financial Products: Strong understanding of financial products and their market risk characteristics, including fixed income, FX, equities, commodities and derivatives.
• Technical Skills: Proficiency in Python or equivalent programming languages.
• Communication Skills: Strong report writing, presentation and client communication skills.

Thanks & Regards,

Senior Associate - Talent Acquisition