Market Risk Control Analyst

Responsible for Market Risk Control for the Credit businesses, the role holder should:

- Ensure that accurate risk is reported against all limits set in the trader mandates.
- Maintain strong internal controls and a well controlled reporting environment.
- Work with other team members globally to report global risk numbers.
- Work closely with Market Risk Managers to provide analysis and support.
- Implement additional risk reporting and analysis in conjunction with Market Risk Management requirements.
- Ensure that production tasks are offshored where possible in line with strategy.
- Improve efficiency and effectiveness of controls to ensure that operational risk is minimised.
- Provide commentary and analysis on Regulatory Capital Charge inputs, including Stressed VaR and IRC and FSA requests

Work with CTB team to ensure strategic systems rollout is delivered on schedule.

- Rapidly changing business environment means continually changing and evolving client requirements. Role holder will need to be flexible and energetic in order to meet requirements.
- Big changes to IT systems are being rolled out, requiring large-scale changes to MRC processes. Role holder will need to ensure their area is able to maintain controls of market risk in the face of constantly changing systems.
- Role covers several product types (FX, Rates, Credit and Equity), requiring a deep understanding of the products and the risk factors involved. Role will require a comprehensive understanding of market risk and its associated controls.

ROLE CONTEXT (The environment and operating conditions of the role including the extent of guidance and authority)

- Candidate will be expected to have a strong understanding of Market Risk and a good understanding of the Market Risk Management and Control function and its role within the wider Group Risk context.
- An understanding of the Structured Credit Product business, IRC, Stress Testing and the accounting context is required.
- Candidate will be expected to be able to build ad-hoc queries using MS Access in order to extract and analyse data. They should also be able to design and build reports using MS Excel and VBA to a sufficiently professional standard.
- Candidate will be expected to work independently and will be expected to have the discipline to run all necessary daily processes to a consistently high standard.
- Guidance on more specific aspects of a business can be provided, both by the MRC function and by working closely with the relevant risk managers.

MANAGEMENT OF RISK (Operational Risk/FIM requirements)

- Ensure that risk for the desk is correct and is monitored against mandated limits.
- Ensure that adequate controls and reconciliations are maintained to ensure no operational losses occur.

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