Risk Specialist (dec)

Singapore, Singapore

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Key responsibilities include:

Working with internal and external stakeholders
Detailed analysis (portfolio review, stress test) of requests to on-board a new client or increase appetite, challenge adequacy (business rationale, economics) and present recommendation to Business Risk approval forums (\xe2\x80\x9cNAVCos\xe2\x80\x9d);
Consolidate supporting documents to NAVCos and Credit Committees, prepare agenda of pre-NAVCos, circulate to NAVCo Secretariat and follow-up on conditions to approval;
Follow-up commercial pipeline with DEC Sales team on weekly basis and highlight risk areas requiring mitigation or in breach of our appetite;
Work with Execution team to keep adequate limits at the execution level ( before clearing );
Participate in meetings with clients/ prospects to understand business profile, risk taking policy and clearing requirements; as well as with clearing houses to understand risk management and product development.

RISK MANAGEMENT THROUGH THE LIFECYCLE

Provide inputs and review legal document negotiation from a risk management perspective for new and existing clients during negotiations.
Daily monitoring of clients portfolio exposure vs. limits (hard and soft), and margin payment status, as well as follow-up of remediation with DEC Sales team;
Timely processing of operations requiring manual approval from DEC Risk such as blocked trades (due to system failure or technical issue) and clients\xe2\x80\x99 account limits adjustment
Timely escalation of stressed and special situations to management of DEC APAC, TR2S APAC and SOO APAC, for further processing (credit watchlist and/or crisis management)

RISK ANTICIPATION, CONTROL & EFFICIENCY

Work with Sales and RISK teams to carry out in-depth analysis and provide data on client exposures during market volatility period
Review & circulate on a weekly basis changes in CCP margin requirements for clients during market volatility period.
Production of relevant daily monitoring report for APAC scope and perform scheduled data reconciliation between FO and RISK systems;
Contribute to timely and proper risk representation in FO and RISK chains, especially on Asian contracts;
Work with Operational Risk team to implement a more robust monitoring procedure for Instant Control;
Contribute to reviews of portfolio, business procedures, auditing exercises, firedrills and other testing of our risk assessment and management;
Keep up to date with Bank\xe2\x80\x99s risk policies and ensure alignment of business decisions.

Qualifications
Technical knowledge:

Financial markets (how exchanges and clearing houses function) and listed derivatives products (options and futures on commodities, equity, rates, and FX)
Financial analysis and counterparty credit risk (know how to read financial statements and annual reports, search complementary info on public data base incl. Bloomberg)
Market risk monitoring (main greeks, liquidity, stress testing) and management (limit calibration, margining, concentration threshold)

IT skills:

Linguistic skills

English \xe2\x80\x93 excellent for presentation in both verbal and written communication (required)

Specific Qualifications (if required)

Previous experience in market risk (risk management, trading) and genuine interest in global markets
High sense of responsibility, punctual and reachable for regular or urgent requests
Eager to learn on the field, solution driven and persistent
Strong analytical skills and capacity to form a structured opinion
Experience in counterparty credit risk / CFA or CPA certified is a plus

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