Risk – Market Risk - Analyst, Paris

RISK  

The Risk Division is responsible for independent review of market, credit, operational, model, and liquidity risk throughout the firm as well as enterprise wide stress testing. Our teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

TEAM & ROLE OVERVIEW

Market Risk is a Department within the Risk Division that facilitates effective deployment of risk appetite, prudent risk management and regulatory compliance for the Firm’s market risks. The group acts as a key stakeholder in ensuring that the firm’s business plans are within its market risk appetite and engages directly with businesses on the review and challenge of risk management actions. 

The group also plays a key role in keeping the Board of Directors apprised of the firm’s market risk profile. This is achieved through the use of a suite of risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement. 

KEY RESPONSIBILITIES

• Reviewing European entity risks and ensuring compliance with local governance framework and controls
• Work collaboratively across functions to identify risk insights and ensure transparency to key stakeholders
• Ongoing review of risk measures (VaR, greeks, stress tests) and interaction with 1^st line risk takers 
• Ability to use coding skills to develop on-desk risk dashboards and provide insights on market trends and emerging risks
• Evaluate risk taking behavior and influence outcomes through portfolio and transaction level risk analysis taking into consideration risk appetite
• Collaboration with Risk Engineering colleagues on the development of new risk measures / stress tests and improvements to existing measures 
• Proactive identification of emerging risks (e.g. basis risks, crowded trades) 
• Limit/threshold monitoring and setting
• Connect events (e.g. macroeconomic data releases, political elections) to potential vulnerabilities
• Dissemination of information and education of stakeholders through effective and timely communication and collaboration
• Communication with senior management and regulators

QUALIFICATIONS

• One to three years’ experience in market risk management or similar role with transferable skills
• Strong academic record with Bachelor’s degree, equivalent or above in Finance, Mathematics, Engineering or a related quantitative/analytical discipline preferred 
• Ability to code desirable
• Understanding of financial products including their risk/reward tradeoffs
• Understanding of market risk measures, concepts, and regulatory rules: VaR, stress testing, greeks
• Excel, Bloomberg, Refinitiv Eikon familiarity, and ability to pick up in-house systems
• Proven problem solving ability and control mindset
• Able to analyze and challenge risk taking activities while engaging effectively with first line of defense
• Desire and ability to collaborate with people from different departments and levels of seniority
• Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.