Job Description
Our Client:
An exceptional opportunity awaits you! Our client is seeking for a Market Risk Specialist to join their dynamic banking team! As a key player in monitoring trading activities and portfolio risk profiles, you will ensure adherence to risk limits and contribute to strategic decision-making by reporting trends and issues to relevant stakeholders. This role offers a stimulating environment to showcase your skills and drive operational efficiency through enhancing risk management practices.
Joining this prestigious institution, you will be part of a dedicated team committed to excellence in financial services. If you are passionate about making a significant impact in the banking sector and possess strong analytical skills, this role provides an exciting platform to thrive and grow professionally.
The Responsibilities:
* Monitor Treasury's trading activities and portfolio risk profiles to ensure compliance with risk limits (Stop-Loss, DV01, FX Delta, and Off Market/Exception)
* Maintain high levels of integrity and accuracy in preparing risk information and reporting.
* Highlight and escalate breaches, exceptions, and issues to relevant stakeholders promptly
* Report on risk profile trends and issues to Treasury/HOD and make recommendations on portfolio actions as necessary
* Manage bond definition and limits setup in the Trading System for Treasury and Corporate Banking
* Conduct market stress testing to assess the branch's ability to withstand severe adverse conditions, documenting outcomes and sharing results/recommendations with stakeholders
* Develop, review, and update internal risk-related guidelines and standard operating procedures (SOPs)
* Enhance and automate risk management reports and controls to improve quality and productivity efficiency
* Participate in ad hoc risk-related UATs/projects
The Requirements:
* Bachelor's Degree in Business Administration or a relevant discipline
* Minimum 2 years of related working experience within the Banking Industry, specifically in Market Risk Management
* Good understanding of financial products
* Proficient in spoken and written English/Chinese to communicate with native Mandarin-speakers in Head Office
* Proficiency in Microsoft Office, especially Excel capabilities (VBA preferred)
* Strong team player with the ability to build strong professional relationships
* Effective communication, analytical, and problem-solving skills
Compensation:
Competitive Salary
Other Information:
Location: Central Business District
All shortlisted candidates will be contacted
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Disclaimer: The Company complies with the Tripartite Guidelines on Fair Employment Practices (TGFEP), including the prevailing guidelines on recruitment. All qualified applicants will be considered for the position regardless of their age, race, religion, nationality, marital status, or family responsibilities. A more detailed discussion of the TGFEP is available on the Tripartite Alliance for Fair and Progressive Employment Practices (TAFEP) website at https://www.tal.sg/tafep.
JO Reference: 240213-344929