Verified Job
Accounting - Finance
AVP CRPM
Accounting - Finance
#222972
Remote / WFH
Job Description
Job Title - AVP/Associate
Location - Mumbai
Role Description
The CCR Pre-Deal team is a core function within the Counterparty Credit Risk Exposure Management team of the overall Risk division. The global team is based in 3 locations - London, NY, and Mumbai. The group is responsible for analysing pre-deal credit exposures for the whole spectrum of derivative products. The group also performs analysis on counterparty portfolios, highlighting possible extreme movements in MtM driven by market factors and making Credit Risk Management aware of highly structured or highly sensitive transactions. Team’s mandate also includes management of the SPV repack portfolio.
The team performs comprehensive pre-deal assessment of complex / structured transactions using quantitative/qualitative risk management techniques such as VAR, Potential Future Exposure (PFE), back-testing, scenario / stress testing, dynamic credit hedging & other risk enhancements, and identification of other non-trivial risks (liquidity, wrong-way, dislocation, concentration risk, gap risk). Scope encompasses:
• all counterparty types
• all derivatives/financing products (rates, FX, equity, credit, commodity, emerging markets, structured products)
• all businesses (franchise, wealth management, prime brokerage, cleared, listed, repos, stock loan borrow)
This may involve working with existing spreadsheet tools or setting up customized tools which use the bank’s internal pricing models. We ensure consistency in approaches among the various locations.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
• Perform analysis of credit risk of individual derivative trades, typically structured, across all products in the firm - fixed income, equities, commodities, emerging markets, asset-backed and foreign exchange for transaction approval and counterparty portfolio assessment.
• Pre-deal trade level initial margin calculation for derivatives & collateral haircut calculation for complex financings
• Review portfolio based prime brokerage (Rates, FX, Equities, Credit), Wealth Management Advance Ratios, and clearing house (CCP) margining methodologies
• Daily interaction with credit officers and front office sales, structuring and trading to discuss trade structures
• Perform ad-hoc scenario analyses and stress tests across portfolios of counterparties and business lines.
• Participate in discussions of risk mitigation for large complex transactions.
• Active involvement with CCR Pre-Deal colleagues globally on transactions,
Location - Mumbai
Role Description
The CCR Pre-Deal team is a core function within the Counterparty Credit Risk Exposure Management team of the overall Risk division. The global team is based in 3 locations - London, NY, and Mumbai. The group is responsible for analysing pre-deal credit exposures for the whole spectrum of derivative products. The group also performs analysis on counterparty portfolios, highlighting possible extreme movements in MtM driven by market factors and making Credit Risk Management aware of highly structured or highly sensitive transactions. Team’s mandate also includes management of the SPV repack portfolio.
The team performs comprehensive pre-deal assessment of complex / structured transactions using quantitative/qualitative risk management techniques such as VAR, Potential Future Exposure (PFE), back-testing, scenario / stress testing, dynamic credit hedging & other risk enhancements, and identification of other non-trivial risks (liquidity, wrong-way, dislocation, concentration risk, gap risk). Scope encompasses:
• all counterparty types
• all derivatives/financing products (rates, FX, equity, credit, commodity, emerging markets, structured products)
• all businesses (franchise, wealth management, prime brokerage, cleared, listed, repos, stock loan borrow)
This may involve working with existing spreadsheet tools or setting up customized tools which use the bank’s internal pricing models. We ensure consistency in approaches among the various locations.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Your key responsibilities
• Perform analysis of credit risk of individual derivative trades, typically structured, across all products in the firm - fixed income, equities, commodities, emerging markets, asset-backed and foreign exchange for transaction approval and counterparty portfolio assessment.
• Pre-deal trade level initial margin calculation for derivatives & collateral haircut calculation for complex financings
• Review portfolio based prime brokerage (Rates, FX, Equities, Credit), Wealth Management Advance Ratios, and clearing house (CCP) margining methodologies
• Daily interaction with credit officers and front office sales, structuring and trading to discuss trade structures
• Perform ad-hoc scenario analyses and stress tests across portfolios of counterparties and business lines.
• Participate in discussions of risk mitigation for large complex transactions.
• Active involvement with CCR Pre-Deal colleagues globally on transactions,
