The Risk identifies, anticipates, measures and mitigates – whenever appropriate - the diverse array of risks that the firm faces in serving clients and operating its global businesses.
Risk professionals focus on giving the firm clarity on the risk profile of our activities and devise strategies to protect the firm’s ability to serve our clients as a leader in global financial markets. Teams play a critical function for the firm, driving how the firm takes and manages risk. Risk professionals execute critical day-to-day risk management activities, lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
We are at the forefront of the most recent engineering solutions, including data and analytical solutions to efficiently produce timely and insightful risk analysis.
JOB SUMMARY AND RESPONSIBILITIES
Within Risk, the Risk Engineering (RE) department’s mandate is to provide robust metrics, data-driven insights, and effective technologies for best-in-class risk management. Analytics & Reporting (A&R) is a multidiscipline RE team with primary responsibility for such data-driven insights; the team is at the cutting edge of our businesses, with strong traditions of risk management, engineering excellence, client service and career development opportunities for our people.
A&R is responsible for reviewing, publishing, interpreting and communicating the firm’s independent and authoritative risk & capital measures, which includes:
- Understanding financial & non-financial risk by analyzing risk & capital metrics (e.g. VaR, stress tests, operational resilience, etc.) to evaluate, explain and justify features & emerging trends observed in the Firm’s risk data.
- Liaising with groups such as Modelers/Strats, Technologists, Trading & Investing businesses, Operations & Controllers to understand & explain observations in risk data.
- Document & communicate the firm’s latest risk insights and explain in the context of macro and micro market events and the broader industry operating environment.
- Follow up-to-date events that impact the financial markets and the firm’s operating environment and analyze their impact on the firm’s risk exposure.
- Develop engaging online content to communicate curated risk insight through interactive dashboard tools.
- Enhancing and managing processes that quantify, review, explain & convey insight for risk & capital measurements for a large, diverse set of financial products or activities covering the whole Firm. Either on an activity by activity basis or in aggregate.
- This involves developing and utilizing tools & signals to assist understanding risk & capital metrics, at varying levels of aggregation across the Firm, in order to discover insight while ensuring metrics continue to operate in line with intent.
- Automation engineering to improve control, reduce operational risks & costs and enhance the Firm’s metric timeliness & availability increasing awareness of significant risks
- Testing, developing & integrating new/updated workflows and documentation
- Providing independent risk & capital metric process consulting for new or existing business activities in the Firm.
- Coordinating with firm internal governing bodies such as Risk Committees and executive members of the firm
- Interacting with firm external governing bodies such as external regulators and industry bodies
Key Responsibilities
- Work in a dynamic & highly creative teamwork and consensus-orientated environment
- Exposure to industry leading market data, pricing and risk & capital models for all activities the Firm engages in.
- Exposure to challenging quantitative problems such as modeling risks for derivatives, large scale Monte-Carlo simulations across the firm and advanced approximation techniques for risk measurements.
- Exposure to large volumes of data (a.k.a ‘Big Data’) and the tools & techniques to interact with, and determine meaningful interpretations of, such data.
- Development of quantitative and programming skills
- Development of economic, financial product and market knowledge.
- Engagement in critical internal risk management activities, and provision of data to both internal and external clients & Firm governing bodies
- Opportunities to work with senior members of the Firm and a wide variety of groups across all areas of the Firm.
Qualifications
- Min. 1 year of experience within a risk management role or other financial institutions
- Experience of risk measurement and/or the delivery of regulatory projects involving multiple stakeholders
- Experience or keen interest to develop expertise in Liquidity risk and risk calculation methodologies
- Interest in financial markets and risk management, motivated by learning and continuous improvement
- Strong interpersonal skills and ability to build relationships remotely with people from different departments and levels of seniority
- Strong organizational skills and the ability to manage multiple assignments concurrently
- Ability to work independently, form own judgment/opinions, provide insights and drive change
- Preferred Qualifications:
- Experience working in areas of Funding, Treasury or Liquidity Risk management at a financial services organization or a large consulting firm
- Delivering risk information through data analytics or building visualizations using SQL, Tableau, Alteryx, Python is desirable
- Good understanding of regulatory landscape (e.g., Reg YY, LCR, NSFR, PRA110, ALMM, Recovery/Resolution Plan etc.) and exposure to liquidity risk frameworks related to deposits, unsecured/secured funding, derivatives or prime brokerage
