Risk Analyst (Margining)

Hays Financial Markets
United Kingdom
£350.00 - £380.00 p/day
05 Oct 2017
07 Nov 2017
Contract Type
Full Time
Risk, SIMM, Margin, Margining, BCBS My client, a leading Investment Bank, are looking for an experience Risk Analyst to work within their Risk Middle Office team. The role will act as the primary point of contact on all matters related to trade capture and data integrity for the reporting system and Risk Analytics. This role involves analysing the results of Uncleared Derivatives and validating against counterparty submitted values. Dispute resolution may entail direct external counterparty contact and will involve extensive interaction with internal stakeholder functions, including Finance, Risk Control, Front Office, Credit Risk, Technology and lateral Middle Office teams. The team are tasked with analysing a large diverse product range, including Vanilla and Exotic Derivatives (OTC/Securitised), Interest Rates / FX, Commodities and Equities. Specialist knowledge of one or more of these product areas would be considered a distinct advantage, particularly with respect to Risk. The Analyst will need to be adept at adopting new processes and following procedures. Diligence, accuracy, teamwork and being able to operate effectively in a high pressure environment are essential. Responsibilities: - Reconciling risk and mapping differences to the trade level detail. * Prioritising the significant drivers of the exceptions and resolving margin disputes. * Analysis of the differences in the risk inputs and model outputs versus the counterparty's calculation. * Liaising with the external counterparties to resolve the disputes. * Ownership of the escalation process and coordinating resolution delivery with relevant parties. * Working with the Program Managers and Technology to enhance the process and eliminate recurring issues / model differences / exceptions. Candidates must be solution focused, results orientated and a strong communicator. Successful candidates will have the ability to synthesise complex information quickly and accurately to varying audiences. The ability to establish strong relationships across key internal clients will be essential. Required expertise / knowledge * Knowledge of the BCBS - IOSCO ISDA uncleared OTC derivatives margin rules. * Middle Office SME knowledge. * Collateral Management and/or Risk reporting experience desirable. * Strong Analytical Skills with the ability to work with large data sets under time constraints. * Strong Excel skills (VBA is an asset). Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk
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