Consultant/Senior Consultant - Market Trading Risk Reporting at Northern Trust

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor’s degree in finance, mathematics, economics or related discipline
Master’s or higher degree in MBA, Quantitative Finance, Economics or a related field of study preferred
7+ years of relevant work experience with foreign exchange or derivatives experience preferred or equivalent in VaR/FRTB/Derivatives asset pricing or related quantitative fields
Professional certifications (FRM, CFA) or familiarity with risk management and analysis, preferred
Knowledge of Capital Markets and financial products such as foreign exchange, fixed income, and derivatives preferred
Understanding of VaR, default and settlement risk, stress testing, and mark to market calculations
Familiarity with Murex Risk, Bloomberg, and reporting solutions such as Power BI, Cognos, Tableau etc
Experience with Excel VBA coding/building prototype risk models and reporting using Python, R, SQL etc
Comfortable working in fast-paced environment with ability to make and communicate effective risk management decisions
Ability to articulate risk management policies and methodologies
Experience with the foreign exchange and derivative space
Excellent problem solving and analytical skills
Strong written and verbal communication skills, including presentations
Ability to work independently with limited oversight

Responsibilities

Perform core daily risk management oversight for FX Trading business including VaR analysis, open position monitoring, adherence to limits, and stress scenario modeling
Monitor market volatility through quantitative techniques to ensure principal exposure is within firm’s risk appetite
Maintenance of data and providing information for regulatory reports, and internal Audit/Compliance
Maintain and assist in ongoing development of metrics and analysis of P&L attribution, regulatory capital consumption and return on capital / RWA
Manage initiatives, audit remediation, and regulatory projects such as the development of NT’s trading risk management on implementation and create analytical reporting
Assist in establishing processes, documentation, and controls to manage risks associated with FX and derivatives
Interpret model outputs, communicate findings, and present to stakeholders, including risk managers, capital markets team, and senior management
Conduct quantitative analysis to assess model performance and outcome for top of the house portfolio and trading desk level
Collaborate with IT teams to ensure smooth integration of models and analytical tooling in existing systems and infrastructure
Prepare ad hoc risk analysis as required by senior business or risk personnel or as required for proposed products or services
Act as liaison with business units (FX Trading Desks and Treasury) and internal control functions including Audit, Compliance and Model Validation team and assist in the resolution of any audit or control issues related to FX products