Associate, Market Risk, Structured Rates & Credit Desk
Singapore, Singapore
Job Description
Job Summary
- Singapore
- Permanent
- BBBH829344
- Sep 27, 2022
- Competitive
Morgan McKinley is working in partnership with a Multinational Corporate Bank who are well known for their Corporate Lending and Financial Markets business in the APAC region.
The Singapore team is looking to hire an Associate to join their Market Risk department. Reporting to the Team Head, you will be be part of a team covering the non-linear products, specifically within the structured rates and credit space, providing expertise to monitor and analyze P&L and market risk exposure on a day-to-day basis.
Role and responsibilities
- Ensure timely delivery of accurate daily P&L, VaR and Risk report
- Perform P&L attribution and Risk analysis independently
- Ensure excesses are rectified/explained or escalated
- Backtest the VaR and highlight/explain outliers
- Review accurate booking of trades & Notes according to one-off approval conditions to enable efficient risk management and balance sheet valuation
- Keep track of market developments/changes and its impact on trading strategy highlighting changes and issues to local management as well as direct discussion with Front Office personnel
- Ensure suitable escalations of system issues in cooperation with other teams and FO staff
- Ensure Front Office to General Ledger reconciliation is reviewed (Balance Sheet position and P&L)
- Preparation of monthly risk meeting for Risk and P&L discussions among Front Office, MRM and Finance
- Perform reserves calculations and independent price testing and review global booking for accuracy and completeness
- Bachelor/Master's degree in Mathematics, Financial Engineering or another related field
- 3-5 years of experience in Market Risk and Quant analytics of Non-linear products
- Strong analytical skills and good communication skills
- Relevant experience across product control / middle office experience would be considered
Morgan McKinley Pte Ltd, EA License No: 11C5502
Lee Boon Hou (Hagen), Registration No: R1870932
hlee@morganmckinley.com
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Job Detail
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Job IdJD1193546
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationSingapore, Singapore
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EducationNot mentioned