Risk specialist

Job Description:Job Title - AVP/AssociateLocation - MumbaiRole DescriptionThe 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 youAs part of our flexible scheme, here are just some of the benefits that you’ll enjoyBest in class leave policyGender neutral parental leaves100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationEmployee Assistance Program for you and your family membersComprehensive Hospitalization Insurance for you and your dependentsAccident and Term life InsuranceComplementary Health screening for 35 yrs. and aboveYour 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 financingsReview portfolio based prime brokerage (Rates, FX, Equities, Credit), Wealth Management Advance Ratios, and clearing house (CCP) margining methodologiesDaily interaction with credit officers and front office sales, structuring and trading to discuss trade structuresPerform 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, methodology/tool development, and other strategic initiativesYour skills and experienceEducation and Experience:Masters in Mathematics / Statistics / Econometrics/ PGDM/ MBASolid mathematical skills including probability and statisticsStrong derivative product knowledge across all asset classes and knowledge of financial markets, traded products, and risk conceptsGood understanding of counterparty credit risk both on trade and portfolio levelCompetencies:Strong analytical skills and attention to detailsExcellent interpersonal and analytical skills & a team