Overview
The Market and Valuation Risk Management (MVRM) group is a 2nd line of defence (2LOD) control under the Bank’s Chief Risk Office. MVRM globally identifies, assesses and manages the market risks, and is responsible for independent valuation of balance sheet positions, predominantly across the Corporate & Investment Bank (CIB).
Market Conformity Control (MCC), and Exotic Trade Review (ETR) are two key 2LOD control teams under MVRM’s Valuation Control unit. MCC performs independent validation that transactions conform to prevailing market levels at time of execution using pre-determined methodologies. ETR, on the other hand, checks and validates economic terms of dually-booked exotic trades match with executed legal documents agreed with the Bank’s clients.
What we’ll offer you
- Competitive Salary
- Attractive Retirement Benefit
- Medical and Life Insurance upon employment
- 20 days Annual Vacation Leaves
Your key responsibilities
- Market Conformity Controller identifies and escalates potential off-market exceptions to Front Office, and/or other key functions of the Bank part of the transaction.
- Exotic Trade Reviewer ensures key economic terms of exotic trades (i.e. trades modelled on two different settlement and risk & PnL platforms) are appropriately represented in the trade booking securities.
- Identify and highlight control gaps in trading and booking practices with 1st line of defence (1LOD) stakeholders such as Business Control and Business Compliance.
- Regularly review utilized methodologies amidst dynamic market environment
- Participate in change initiatives and implementations which may include discussions with Technology and Strats teams
- Proactively identify process gaps for remediation, and deliver continuous improvement initiatives
Your skills and experience
- Bachelor's Degree in either Math, Statistics, Accountancy, Financial Engineering, Finance or equivalent, while further professional qualification or study .e.g. CIMA, CPA, CFA, FRM, or Master’s Degree will be an advantage
- Solid knowledge in financial markets products (Credit, Rates, FX, Equities, and Derivatives), with understanding of trading strategies, market dynamics and regulatory environment preferred
- Previous work on programming or data analytics is preferred
- Strong control mind-set, and solid analytical, problem-solving skills
- Highly organized and can work both independently and as part of a team in a fast-paced environment.
- Demonstrates an intrinsic motivation, and ability to critically think and navigate problems on their own.
- Good communication skills and the ability to work in a multi-cultural setting with senior stakeholders across locations
How we’ll support you
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
