Senior Manager - Market Risk

Pune, Financial Markets

Job Description – Risk Manager


eClerx Role Description


Financial Services






Market Risk



Reporting Manager

APgM / PgM



Team Size


Skills / Experience Required

Must have

  • Sound understanding of risk management in market risk, credit risk, liquidity risk, and stress testing for Rates, FX, Equity, Commodities.
  • Knowledge and experience in the following: MTM, Basel II / III, Dodd frank, FRTB, BCBS 239, Counterparty CR, Risk reporting, VaR/CaR methodology, capital calculations, and potential exposure
  • 6+ yrs of experience in business analysis, data management, change, consulting, or process management in risk, preferably within Investment Banking environment
  • Experience in presales support for Risk services in Investment/Private Banking
  • Understanding of systems, delivery lifecycles and delivery methodologies working with global teams; experience with offshoring and outsourcing
  • Knowledge of probability theory, statistics, econometrics and numerical analysis.
  • Excellent communication, listening and interpersonal skills with the Executive Presence to present and lead client meetings with senior internal and external stakeholders
  • Ability to understand and analyse complex problems, methodically devise and present a solution, and apply sound judgment independently
  • Ability to work in a dynamic environment and in a global team structure
  • Well-organized with ability to prioritize effectively and multi-task, while working independently. Track record of coping with aggressive timelines and deliverables.
  • Thorough professional with strong ethics, 'team player' attitude and mature mind set
  • Strong attention to detail and accuracy/timeliness of delivery

Good to have

  • CFA or FRM qualifications

Technology Competencies

Must have

  • Microsoft Office (Excel, PowerPoint, Word, Outlook)

Good to have

  • Excel Macro Development and Testing,
  • Microsoft Access, Database Management,
  • Process mapping tools (Igrafx, MS Visio)

                                                                                    Roles & Responsibilities

Job Responsibilities


  • Manage the process of validating the data feeding the risk systems. Ensure timely publication of VaR and other risk measures
  • Analyse risk scenarios and benchmark risk profiles for new products.
  • Calculate risk associated, measure value at risk (VAR), and manage market risk exposures (Delta, Gamma and Vega risks) for derivative strategies. Analyse variances and explain underlying changes.
  • Monitor and escalate issues to senior management attention
  • Liaise with IT / Change departments to drive improvements in the process and make it more robust and scalable
  • FRTB :The Fundamental Review of the Trading Book (FRTB) - FRTB is loosely defined as a set of proposals by BCBS =-Basel Committee on Banking Supervision as framework for the next generation market risk regulatory capital rules for large, internationally active banks.
  • Effective stakeholder management; interact with a diverse audience from senior management to risk management committees and non-risk forums