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10 - 15 years
10 - 18 Lacs
Chennai, Hyderabad, Mumbai (All Areas)
Work from Office
Will be based out of Mumbai. He will be primarily responsible for raising debt funding to support the expansion of the overall business. Experience gained from gold lending company highly valued.
Posted 2 months ago
10 - 15 years
18 - 25 Lacs
Ludhiana
Work from Office
Strategic Planing,Market research, international e-com strategy planning,Establish e com platform,product listing,Collaborate with logistic partners,comply with trade laws,tax,licenses,permits for e com business, SEO, Digital marketing monitoring.
Posted 2 months ago
2 - 4 years
17 - 25 Lacs
Mumbai
Work from Office
Role & responsibilities : The Treasury business is responsible for managing the returns and market risk on the investment portfolio and comply with the statutory reserve requirements. The Treasury business is responsible for managing the returns and market risk on the investment portfolio and comply with the statutory reserve requirements. To meet the set objectives of the desk .
Posted 2 months ago
5 - 10 years
20 - 35 Lacs
Mumbai
Work from Office
Role & responsibilities Pricing and closing derivative deals with counterparty banks and all associated activities related to the Desk Pricing and closing derivative deals with counterparty banks Suggesting products to the sales desk for onward dissemination to clients Ensuring, in close coordination with Treasury Analytics, mid office and market risk, valuation and system warehousing of complicated and non-standard products requested for by clients Ensuring availability of counterparty limits by coordinating with market risk .
Posted 2 months ago
2 - 7 years
16 - 18 Lacs
Mumbai, Gurgaon, Hyderabad
Work from Office
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi faceted approach for flexibility, depending on the various roles in our organization. Global Business Services (GBS) delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services. Global Markets Business Finance Control (BFC) is a division of Global Banking Markets (GBAM) Finance responsible for the production and independent validation of Global Markets profit and loss and balance sheet. In this regard, BFC will ensure, inter alia, that accounting policies are correctly and consistently applied, and that trading portfolios are appropriately valued. The team prepares and reports PL and balance sheet to the business and ensures the accuracy and integrity of the general ledger. We are responsible for daily service delivery and ensuring effective controls, transparent management information and becoming a center of excellence delivering process simplification and efficiencies. We work closely with front office, middle office, traders and valuation control teams to drive the control agenda across the business. Job Description* (Provide a high level overview of the role and scope of responsibilities) Global Markets Business Finance Control (BFC) seeks to provide a support service with particular focus on the relationship between trading risk positions and PL components. We are looking to recruit an individual to work in the PL production area covering the Global Credit Trading desks. The candidate s main responsibility will be to produce and deliver the daily PL to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, and Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job. Responsibilities* Primary products covered will include: Bonds, CDS, TRS, ETFs and Loans Production and reporting of daily PL to Front Office Senior Management Reconcile actual PL with trader estimates and provide flash/actual variance analysis Working closely with the trading desks on position, PL or other issues on an ad hoc basis Front to Back analysis reconciliations of front office PnL and balance sheet to firm sub ledgers Assist with execution of month end controls ensuring management vs financial PL variances are within thresholds Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves Would be typical own set of books / cost center and Business Units Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries Development continuous improvement of existing processes workflow Testing / UAT for systems work ranging from minor system releases to major system implementations Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk Requirements Job Title* Assistant Manager Education* Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute Certifications If Any CFA / FRM certified candidates would be preferred Advanced education and/or enhanced technical qualifications are a plus Ability to use Excel Power Query or Alteryx would enhance the candidate s attractiveness significantly Experience Range* 2 7 years of experience in Global Markets Foundational skills* Prior BFC experience for >2 years is mandatory Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage. The right individual will have strong people skills and can multi task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely manner Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels Must be proactive and be a highly motivated and self starter. Reactive and/or passive individuals need not apply Desired skills Alteryx / Python / Tableau knowledge would be an added advantage Must be proactive and be a highly motivated self starter Effective communication skills with English proficiency Demonstrated ability to work in a high pressure environment Takes initiative and challenges existing processes and procedures in a proactive manner Strong team player Ability to analyze issues independently and derive solutions Analytical skills Inherent sense of principles of control through experience and sound judgment Reliability Work Timings* 1:30 PM to 10:30 PM Job Location* Gurugram/Mumbai/Hyderabad
Posted 2 months ago
5 - 10 years
27 - 32 Lacs
Bengaluru
Work from Office
We are currently seeking an experienced professional to join our team in the role of Assistant Vice president Decision Science Principal responsibilities Develop and enhance risk models using real world data. The model could be an existing or a new model. Understand the features, assumptions and limitations of the model, propose a validation approach, identify target market data for the purposes of validation and undertake the validation within agreed time lines. The market risk models may include Value at Risk (VaR), Stressed VaR, Risk Not In VaR (RNIV), Stress Testing, Economic Capital, Incremental Risk Charge (IRC), Fundamental Review of Trading Book (FRTB) Participate in adhoc projects as they arise from time to time and provide any information relating to in a prompt and coherent fashion. Suggest improvements to the existing frameworks with a view to automate systems and help implement agreed changes Identify areas for efficiency improvements, automation and enhanced controls in existing processes. Document proposed changes and agree with the on shore process team prior to implementation. Document all process changes and improvements to reflect the latest process Being able to clearly explain model details to other areas of the bank in non technical language, and assisting in the on going usage of these models in a day to day risk management setting, e.g. helping to explain significant model value changes Requirements Qualification in Maths / Engineering / Science / Finance / Business Management or previous experience in risk management. Basic understanding of market risk measures and derivative products Professional qualifications such as FRM/PRM/CFA Levels are an added plus Good understanding of statistics Python and Excel VBA skills are a pre requisite, C++ is an added benefit Competent in the production of information, and the ability to process and analyse large volumes of data Ability to work under pressure and to tight time lines is essential Open personality and effective communication skills, ability and flexibility to work in an international team Ability to write clear and understandable documents
Posted 2 months ago
9 - 12 years
35 - 40 Lacs
Pune, Mumbai
Work from Office
Lead the delivery of the Investment Risk Models team s book of work (ongoing performance monitoring (OPM) and testing, analysis of OPM exceedances and escalation, reporting of model risk, model documentation, development of compensating controls ,and remediation of model risk findings) Organize and supervise team s work output including execution of the OPM program, compensating controls, and update of model parameters Design processes for the management of investment risk models Work closely with the different DWS Investment Risk teams on topics including model quality/gaps, model transparency, and model enhancements Collaborate with DWS Model Risk Management and model vendors on various projects including model validation Train team members on risk models (market risk and liquidity risk models) Your skills and experience University degree in Finance or quantitative field, Chartered Financial Analyst or Financial Risk Manager designations a plus At least 9 years of proven experience in the financial services industry, with experience in model risk management Proven experience in model development, model testing, and model documentation Previous experience with BlackRock Solutions Aladdin preferred Strong knowledge of valuation and risk management models including VaR across a diverse set of instrument and risk types (market, liquidity, counterparty) Strong interpersonal and communication skills; role requires regular interaction with individuals within the global risk organization, and external vendors Excellent verbal and written communications skills, with ability to communicate issues to management proactively and effectively Strong organizational skills and ability to manage competing priorities Strong working knowledge of MS Word, Excel, PowerPoint, SQL, and Python How we ll support you Training and development to help you excel in your career Coaching and support from experts in your team A culture of continuous learning to aid progression A range of flexible benefits that you can tailor to suit your needs
Posted 2 months ago
5 - 10 years
15 - 25 Lacs
Gurgaon, Hyderabad
Work from Office
Job Description: About Us At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Global Business Services Global Business Services (GBS) delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services. Process Overview* Business Finance and Control (BFC) sits within the CFO Org and is mainly responsible to ensure strong financial controls along with enabling the business. The Counterparty Portfolio Management (CPM) BFC supports the CPM business, which falls under Global Markets and specifically in the Global Market FICC division. The CPM business includes 1) XVA desk which is responsible for managing the counterparty credit and Funding risk (CVA/FVA); 2) Cross Asset Structured Notes - Central Funding Desk (CFD) responsible to centrally manage and own the various exotic structured notes issued by the bank and 3) Risk Optimization Group (ROG) - which consists of Collateral trade optimization (CTO) and Risk Opt. desk. The CPM BFC teams are responsible for assisting in Analysis reporting of XVAs, CFD Collateral PnL and ensuring integrity, completeness, and accuracy of PnL data. Teams work closely with CPM front office desks and support them on various other initiatives to enable the business and ensure better controls. Job Description* (Provide a high level overview of the role and scope of responsibilities) The CPM BFC teams are responsible for assisting in Analysis reporting of XVAs, CFD Collateral PnL and ensuring integrity, completeness, and accuracy of PnL data. Teams work closely with CPM front office desks and support them on various other initiatives to enable the business and ensure better controls. Responsibilities* Production and reporting of daily PL to Front Office Senior Management Reconcile actual PL with trader estimates and provide flash/actual variance analysis Working closely with the trading desks on position, PL or other issues on an ad-hoc basis Front-to-Back analysis reconciliations of front office PnL and balance sheet to firm sub-ledgers Assist with execution of month-end controls ensuring management vs financial PL variances are within thresholds Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries Development continuous improvement of existing processes workflow Testing / UAT for systems work ranging from minor system releases to major system implementations Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk Requirements* Job Title* Manager Education* Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute Certifications If Any CFA / FRM certified candidates would be preferred Advanced education and/or enhanced technical qualifications are a plus Ability to use Access or VBA would enhance the candidate s attractiveness significantly Certifications If Any Experience Range* 4 to 7 years Foundational skills* Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage. The right individual will have strong people skills and can multi-task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely manner Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels Candidate must have a good understanding of Derivative products as well as good Accounting skills. Desired skills Alteryx / Python / Tableau knowledge would be an added advantage Must be proactive and be a highly motivated self-starter Effective communication skills with English proficiency Demonstrated ability to work in a high-pressure environment Takes initiative and challenges existing processes and procedures in a proactive manner Strong team player Ability to analyze issues independently and derive solutions Analytical skills Inherent sense of principles of control through experience and sound judgment Reliability Work Timings* 12:00 PM to 09:00 PM Job Location* Gurugram/Hyderabad
Posted 2 months ago
5 - 10 years
30 - 33 Lacs
Noida
Work from Office
Join us as a Model Factory IVU Senior at Barclays, where youll spearhead the evolution of our digital landscape, driving innovation and excellence. You ll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences. This is a Model Factory IVU Senior role in Model Risk Management (MRM). MRM reports directly to the Group Chief Risk Officer and responsible for the identification, assessment, monitoring and management of model risk within Barclays. Model risk is the potential for adverse consequences from decisions based on incorrect or misused model outputs. The MRM function s mandate is to independently and actively manage model risk globally in line with the bank s risk appetite. Key responsibilities of this role include: To be successful Model Factory IVU Senior you should have experience with: Someone who has prior experience in Model Validation/ Model Development role Someone who has worked in areas like Treasury, IRRBB, Liquidity, Credit, and Market Risk. Ability to understand Risk and/or banking products and explain them at a high level (preferably Market Risk/Treasury/Capital/Liquidity planning). Strong communication skills. Can produce concise, organized, and thoughtful presentations for technical and non-technical audiences. Some highly values skiils may include: Project Management - Ability to run projects independently and has a grasp of PM concepts and best practices. Experience of or exposure to either Technology or Data Science: Ability to understand, discuss, design, and implement solutions. Communication - Strong communication skills to produce concise summary for technical and non-technical audiences. Strong stakeholder management Very good with report writing Preferred qualifications - CA, MBA, Economics or Engineering. Experience with Project Management tools (JIRA, MS Project) and the MS Suite (Word, Excel, PPT, Project, Visio and SharePoint skills) You may be assessed on essential skills relevant to succeed in role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills. Job location of this role is Noida. Purpose of the role To validate and approve models for specific usages both at inception and on a periodic basis, and of model changes, as well as conducting annual reviews. Accountabilities Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models. Approval or rejection of a model or usage based on assessment of the model s conceptual soundness, performance under intended use and the clarity of the documentation of the model s inherent risks, limitations and weaknesses. Assessment of any compensating controls used to mitigate Model risk. Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement. Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning. Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty. Assistant Vice President Expectations To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions. Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others. OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes. Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues. Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda. Take ownership for managing risk and strengthening controls in relation to the work done. Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy. Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively. Communicate complex information. Complex information could include sensitive information or information that is difficult to communicate because of its content or its audience. Influence or convince stakeholders to achieve outcomes. All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.
Posted 2 months ago
7 - 9 years
15 - 20 Lacs
Mumbai
Work from Office
Undertake reviews and analysis across the portfolio for Market Risk. Undertake development or validation on classic quantitative models (investment risk, VaR, product pricing, etc) Key Responsibilities and Duties Market Risk Model Management Model Development and Validation Model Risk Assessment and Governance Educational Requirements University (Degree) Preferred Work Experience 3+ Years Required; 5+ Years Preferred Physical Requirements Physical Requirements: Sedentary Work Key Duties & Responsibilities : Provides guidance and counsel for the design, implementation and success of the modeling projects required by FRMM. Coordinates & collaborates with the team in the U.S. Manages performance of team through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional services and engagement, motivation and development of team. Demonstrated people leadership and management expertise to team of. Also, helps coach, review and delegate work to lower level team members. Works independently & under general supervision, utilizing tools and metrics for statistical data analysis and model validation processes that monitor and attempt to combat risk across the enterprise, as well as assist in developing strategies and processes to limit exposure to outcomes that could impede business operations. Provides assistance for data aggregation and analysis in support of existing and developing models. Recommends technology-based tools and product enhancement to perform statistical data analysis more efficiently and accurately. Has the necessary coding and statistical knowledge and experience to guide the direct reports to complete projects and liase with the team in the U.S. Problem Solving : The nature of the role requires the incumbent to posses strong management skills as well as analytic and quantitative skills and a proven ability to communicate effectively with a range of risk and business stakeholders. Functional Knowledge: In-depth knowledge of quantitative analytics and statistical modeling. Coding knowledge in Python, SQL, R, Matlab Financial market knowledge - knowledge of equity markets, bond markets, credit spreads and ratings Familiarity with fixed income pricing and equity pricing analytics Interactions / Interpersonal Skills: Ability to work well with others Ability to work with deadlines and inconsistent information Communicate clearly over Zoom Required Education: Bachelors in Commerce Specialization in Statistics, Finance, Mathematics, Engineering or the Physical Sciences Preferred Education: CFA, CA, Masters degree in Applied Mathematics / Statistics / Computer Science/ Physics / Engineering, Quant Finance or related field Required Experience: 7+ years
Posted 2 months ago
2 - 10 years
7 - 8 Lacs
Pune
Work from Office
The GRC Data Analyst is responsible for supporting the Governance, Risk, and Compliance (GRC) team by providing data analysis and insights to ensure effective risk management. This role involves analysing data from various sources, identifying trends and patterns, and providing actionable recommendations to enhance the organizations GRC framework. You will play a critical role in safeguarding product integrity, enhancing customer satisfaction, and driving operational excellence. Additionally, you will ensure data governance practices are upheld to maintain data integrity and compliance. Risk & Assurance includes roles that are accountable for identifying and mitigating risks to business processes, operations, and earnings. Risk categories may include: financial risk, insurance risk, credit risk, operational risk, project risk, market risk, technology-related risks, and more. Responsible for databases, policies, practices, and procedures that support risk mitigation and assurance. Professional stream includes those who are individual contributors with main emphasis on applying technical/discipline knowledge rather than managing people to achieve results - although coaching/mentoring less experienced staff, informal supervisory responsibilities, or overseeing work of other lower level professionals or manage processes and program are common. Individual work ranges from setting objectives and delivering on own work responsibilities to being a leading expert within a given field and influencing long term tactical decisions of the organization. Progression within this stream reflects increasing depth of professional knowledge, project management capability, and the ability to influence others. A colleague at this level has in-depth knowledge and experience in a functional area. The colleague routinely applies subject matter knowledge to solve common business issues operating within practices and procedures covered by precedents or well-defined policies. A colleague at this level handles most situations independently, receives minimal guidance, but will seek advice, guidance and support on more complex or non-routine topcis. The colleague understands the overall nature of the business and the interdependencies between own and other functions. Leaders at this level are accountable for performance and results in teams of less experienced professionals, frontline workers and admins, and will adapt departmental plans and priorities to address resource and operational challenges. Maersk is committed to a diverse and inclusive workplace, and we embrace different styles of thinking. . We are happy to support your need for any adjustments during the application and hiring process. If you need special assistance or an accommodation to use our website, apply for a position, or to perform a job, please contact us by emailing .
Posted 2 months ago
3 - 8 years
15 - 30 Lacs
Bengaluru
Hybrid
3 Years+ Exp. in Market Risk (Market Risk+ Model Validation/Development+ Statistical knowledge are mandatory) MBA Budget - Upto 37 LPA 5 Days/Cabs Please Call - 9999869475 Required Candidate profile Model development/validation/audit/review primarily for market risk including Value at Risk models, &/or derivative pricing & valuation models primarily for CCAR/DFAST reporting including CVA models.
Posted 2 months ago
3 - 8 years
15 - 27 Lacs
Bengaluru
Hybrid
3 Years+ Exp. in Market Risk (Market Risk+ Model Validation/Development+ Statistical knowledge are mandatory) MBA Budget - Upto 37 LPA 5 Days/Cabs Please Call - 9999869475 Required Candidate profile Model development/validation/audit/review primarily for market risk including Value at Risk models, &/or derivative pricing & valuation models primarily for CCAR/DFAST reporting including CVA models.
Posted 3 months ago
2 - 4 years
35 - 40 Lacs
Mumbai
Work from Office
The role is to independently review and analyse derivative models for pricing and risk management across Rates, FX and Hybrids. The role as a Quantitative Analyst in Mumbai will work closely with the pricing validation team in London and Berlin to produce, analyse and document validation testing. Reviews and analysis require a good understanding of the mathematical models used, implementation methods, products traded in these markets, and the associated risks. The outcome of review and analysis and independent implementation will form the basis of discussion with key model stakeholders including Front Office Trading; Front Office Quants; Market Risk Managers; and Finance Controllers. Your skills and experience Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms. Strong interest in financial markets (especially derivative pricing) demonstrated by qualifications and/or experience. Experience coding in a high level language primarily Python. Excellent communication skills - both written and oral. Education/Qualifications Academic degree in a quantitative discipline (e.g. Mathematical Finance / Statistics, Maths, Physics, Engineering) with a focus on application. How we ll support you Training and development to help you excel in your career Coaching and support from experts in your team A culture of continuous learning to aid progression A range of flexible benefits that you can tailor to suit your needs
Posted 3 months ago
0 - 2 years
9 - 12 Lacs
Mumbai
Work from Office
Job Description Job Title Market Risk and Portfolio Model Validation Specialist, AS Location Mumbai, India Role Description The Risk division plays a critical role in identifying and managing a wide range of risks to which Deutsche Bank is exposed as part of its global operations - from credit and market risks to non-financial risks. As an integral part of this division, Model Risk Management (MoRM) is tasked with performing independent model validation and actively managing model risk at a global level in line with Deutsche Bank s risk appetite. Its teams are located in Mumbai, Frankfurt, Berlin, London and New York. Assigned to the Market Risk and Portfolio Model Validation unit in Mumbai, you will focus on developing and maintaining a central modelling and validation service covering all risk model types and methodologies. What we ll offer you As part of our flexible scheme, here are just some of the benefits that you ll enjoy Best in class leave policy. Gender neutral parental leaves 100% reimbursement under childcare assistance benefit (gender neutral) Sponsorship for Industry relevant certifications and education Employee Assistance Program for you and your family members Comprehensive Hospitalization Insurance for you and your dependents Accident and Term life Insurance Complementary Health screening for 35 yrs. and above Your key responsibilities Review and analyze Market Risk and Portfolio models like VaR, ES, EC, RNIV, RNIEC etc. Understand the mathematical models and implementation methods used, where appropriate, verify models and numerical schemes. Communicate outcomes of your review and analysis with key model stakeholders including risk managers, validation leads and model development teams as necessary. Your skills and experience Educated to Masters/ Doctor of Philosophy (Ph. D. ) level or equivalent qualification/ relevant work experience in a quantitative subject such as Mathematics, Physics, Quantitative Finance or Quantitative Economics. Experience in model validation or model development Excellent mathematical abilities and an understanding of Linear Algebra, Calculus, Partial Differential Equations, Monte-Carlo Methods, Historical Simulation Methods, finite difference methods and numerical algorithms, statistics, or mathematical finance. Strong programming skills. Good knowledge about financial products / derivatives and the financial risks related to them is essential. Excellent communication skills, both written and verbal Ability to author structured and concise validation reports. Fluent in English (written and spoken). How we ll support you Training and development to help you excel in your career Coaching and support from experts in your team A culture of continuous learning to aid progression A range of flexible benefits that you can tailor to suit your needs About us and our teams Please visit our company website for further information https//www. db. com/company/company. htm We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Posted 3 months ago
0 - 2 years
5 - 9 Lacs
Mumbai
Work from Office
Job Description In Scope of Position based Promotions (INTERNAL only) Job Title Model Validation Specialist- Derivative Pricing, AS Location Mumbai, India Role Description Model Risk Management s mission is to manage, independently and actively, model risk globally in line with the banks risk appetite with responsibility for Performing robust independent model validation; Ensuring early and proactive identification of Model Risks; Designing and recommending Model Risk Appetite; Effectively managing and mitigating Model Risks; Establishing Model Risk metrics; Designing and implementing a strong Model Risk Management and governance framework; Creating bank-wide Market Risk policies The Pricing Model Validation team as part of MoRM is responsible for the independent review and analysis of all derivative pricing models used for valuation and pricing across the bank. What we ll offer you As part of our flexible scheme, here are just some of the benefits that you ll enjoy Best in class leave policy Gender neutral parental leaves 100% reimbursement under childcare assistance benefit (gender neutral) Sponsorship for Industry relevant certifications and education Employee Assistance Program for you and your family members Comprehensive Hospitalization Insurance for you and your dependents Accident and Term life Insurance Complementary Health screening for 35 yrs. and above Your key responsibilities The role is to independently review and analyse derivative models for pricing and risk management across Credit, Securitization and Research domains. The role as a Quantitative Analyst in Mumbai will work closely with the pricing validation team in London and Berlin to produce, analyse and document validation testing. Reviews and analysis require a good understanding of the mathematical models used, implementation methods, products traded in these markets, and the associated risks. The outcome of review and analysis and independent implementation will form the basis of discussion with key model stakeholders including Front Office Trading; Front Office Quants; Market Risk Managers; and Finance Controllers. Your skills and experience Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms. Strong interest in financial markets (especially derivative pricing) demonstrated by qualifications and/or experience. Experience coding in a high-level language especially Python. Excellent communication skills - both written and oral. Education/Qualifications Academic degree in a quantitative discipline (e. g. Mathematical Finance / Statistics, Maths, Physics, Engineering) with a focus on application. How we ll support you Training and development to help you excel in your career Coaching and support from experts in your team A culture of continuous learning to aid progression A range of flexible benefits that you can tailor to suit your needs About us and our teams Please visit our company website for further information https//www. db. com/company/company. htm We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Posted 3 months ago
2 - 6 years
15 - 20 Lacs
Mumbai
Work from Office
Join us as a "BA4 Global Markets" at Barclays, where team Support valuation strategy calculation and reconciliation with trading for QIS activities in APAC. Expand automation of Quantitative Investment Strategy tools and processes to build robust system preferably using python and help develop internal capacities for new business opportunities You may be assessed on the key critical skills relevant for success in role, such as experience with BA4 Global Markets, as well as job-specific skillsets. To be successful as a BA4 Global Markets, you should have experience to #1- Strong quantitative background. #2- Coding experience, ideally in Python. #3- Highly detail-oriented. Some other highly valued skills include: #1- Excellent communication and interpersonal skills. #2- Able to support during Japan market hours. #3- Previous experience in a financial environment, ideally on Quantitative Investment Strategy. Candidate is expected to have: * Candidates should possess basic knowledge of finance. * Knowledge of Quantitative Investment Strategy Structuring or Strats domain is preferred. * The candidates should be willing to work in APAC shift that falls between 6 am to 4 pm IST. (would need to support Japan market hours). * Excellent communication and interpersonal skills. This role will be based out of Mumbai. Purpose of the role To develop and implement structured financial products and solutions to meet the needs of clients and optimize the banks market exposure and profitability. Accountabilities Development of innovative structured financial products and solutions to address the specific needs of clients, including derivatives, structured notes, and other structured investment products. Risk analysis and management associated with structured products, including market risk, credit risk, and operational risk, to ensure compliance with regulatory requirements and bank policies. Assessment of pricing and valuation of structured products, including the use of mathematical models and financial instruments, and liaising with trading to ensure competitive pricing. Collaboration with traders, risk managers, and other stakeholders to ensure effective product implementation and risk mitigation. Analyst Expectations To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement. Requires in-depth technical knowledge and experience in their assigned area of expertise Thorough understanding of the underlying principles and concepts within the area of expertise They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others. OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate. Will have an impact on the work of related teams within the area. Partner with other functions and business areas. Takes responsibility for end results of a team s operational processing and activities. Escalate breaches of policies / procedure appropriately. Take responsibility for embedding new policies/ procedures adopted due to risk mitigation. Advise and influence decision making within own area of expertise. Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct. Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function. Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Make evaluative judgements based on the analysis of factual information, paying attention to detail. Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Guide and persuade team members and communicate complex / sensitive information. Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.
Posted 3 months ago
0 - 5 years
2 - 7 Lacs
Bengaluru
Work from Office
As part of Risk Management and Compliance, you are central to maintaining the strength and resilience of JPMorgan Chase. You contribute to the firms responsible growth by anticipating new and emerging risks and applying your expert judgment to address real-world challenges that affect our company, customers, and communities. Our culture in Risk Management and Compliance emphasizes thinking outside the box, challenging the status quo, and striving to be best-in-class. The Risk Controller team is responsible for ensuring the integrity and validity of risk data disclosed in the firms external financial reporting, including quarterly earnings presentations, CCAR 14Q, 10Q/K, and stand-alone legal entity financial statements. The team also identifies, logs, and remediates data quality issues and participates in change management initiatives. Additionally, the team is expected to deliver insightful, high-quality analytics to senior stakeholders across Risk Management & Compliance and the Office of the CFO, enabling well-informed decision-making. As a Market Risk Controller, you will have the opportunity to contribute value-added analysis in support of the Risk Controllers organization and senior Risk executives. This position requires a candidate who possesses or is willing to develop deep knowledge and technical expertise in risk reporting processes by understanding the broader country risk control framework and its impact on external reporting. We highly value a candidate with a strong sense of ownership and personal responsibility. With this expertise, you will have the opportunity to Execute controls such as reconciliations, quality checks, independent reviews, and variance analysis to support internal and external reporting (e.g., CCAR 14Q, SEC 10Q/K). Collaborate with various stakeholders to investigate and resolve variances. Support Risk Executives by presenting control metrics and leading review meetings to discuss reconciliation results. Implement the team agenda, identify areas for improvement, and build partnerships across the firm, including Risk Management, Regulatory Reporting, Finance, Middle Office, and Technology. Leverage your analytical skills and passion to add value to your portfolio of work and deliver best-in-class results to stakeholders. Develop Business Intelligence Solutions to assist with data processing and enhance analytical capabilities. Collaborate with technology teams to provide business requirements that support and drive strategic initiatives. Minimum Skills, Experience and Qualifications We are seeking an enthusiastic individual to join our organization. If you meet the minimum requirements listed below, we encourage you to apply for consideration for this role. Experience A Bachelors degree or higher with 1+ years of relevant experience in the financial services or investment banking sector, performing finance, accounting, or analytical functions. Prior experience in market risk analysis and reporting, trade support or middle office, and financial accounting would be advantageous. A strong sense of ownership and the ability to work independently, producing high-quality work within tight deadlines. Ability to convey information clearly, accurately, and succinctly, both in writing and verbally. Ability to understand business drivers and requirements, influence partners to deliver solutions to business challenges, and handle a variety of tasks, demonstrating a willingness to take on new and exciting opportunities. Proven ability to work across diverse groups, build consensus, and execute agreed-upon plans. Strong technical skills, including proficiency in Microsoft Excel, PowerPoint, and other Office applications. Additional Skills, Experience and Qualifications The following additional skills are advantageous but not mandatory for this role Experience with Intelligent Solutions (Alteryx; Tableau, Python, Etc.)
Posted 3 months ago
2 - 6 years
16 - 18 Lacs
Gurgaon, Hyderabad
Work from Office
Job Description: About us* At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Global Business Services Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations. Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation. In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services. Process Overview* Global Markets Business Finance Control (BFC) is a division of Global Banking Markets (GBAM) Finance responsible for the production and independent validation of Global Markets profit and loss and balance sheet. In this regard, BFC will ensure, inter alia, that accounting policies are correctly and consistently applied, and that trading portfolios are appropriately valued. The team prepares and reports PL and balance sheet to the business and ensures the accuracy and integrity of the general ledger. We are responsible for daily service delivery and ensuring effective controls, transparent management information and becoming a center of excellence delivering process simplification and efficiencies. We work closely with front office, middle office, traders, and valuation control teams to drive the control agenda across the business. Job Description* Global Markets Business Finance Control (BFC) seeks to provide a support service with particular focus on the relationship between trading risk positions and PL components. We are looking to recruit an individual to work in the PL production area covering the Global Rates Trading desks. The candidate s main responsibility will be to produce and deliver the daily PL to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, and Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job. Primary products covered will include Fixed Income, Money markets, FX, interest rate derivatives. Responsibilities* Production and reporting of daily PL to Front Office Senior Management Reconcile actual PL with trader estimates and provide flash/actual variance analysis. Working closely with the trading desks on position, PL or other issues on an ad-hoc basis Front-to-Back analysis reconciliations of front office PnL and balance sheet to firm sub-ledgers. Assist with execution of month-end controls ensuring management vs financial PL variances are within thresholds. Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves. Would be typical own set of books / cost center and Business Units Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries. Development continuous improvement of existing processes workflow Testing / UAT for systems work ranging from minor system releases to major system implementations. Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk. Requirements* Education* Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with relevant experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework with an interest and aptitude for derivative products Certifications If Any CFA / FRM certified candidates would be preferred Advanced education and/or enhanced technical qualifications are a plus Experience Range* 4 to 6 years with at least 2+ years experience in Global Markets Product Control role Foundational skills* Production and reporting of daily PL to Front Office Senior Management. Working closely with trading desks for reporting and validation of Flash to actual variances. Front-to-Back analysis reconciliations of front office PnL and balance sheet to firm sub-ledgers The right individual will have strong people skills and can multi-task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely manner. Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels. Must be proactive and be a highly motivated self-starter. Reactive and/or passive individuals need not apply. Desired skills Alteryx / Python / Tableau knowledge would be an added advantage. Must be proactive and be a highly motivated self-starter. Effective communication skills with English proficiency Demonstrated ability to work in a high-pressure environment. Takes initiative and challenges existing processes and procedures in a proactive manner. Strong team player Ability to analyze issues independently and derive solutions. Analytical skills Inherent sense of principles of control through experience and sound judgment Reliability Work Timings* 1:30 PM IST to 10:30 PM IST Job Location* Hyderabad/Gurugram
Posted 3 months ago
3 - 8 years
9 - 15 Lacs
Mumbai Suburbs, Navi Mumbai, Mumbai (All Areas)
Work from Office
About Department Internal Audit function of the Bank, operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines. About the Role The role for Treasury Auditor involves conducting Internal audit of treasury function of the Bank ( either one or more of the areas like Treasury Middle office/ Market Risk / ALM including Interest Rate Risk and Liquidity Risk / Capital Adequacy),For the Role, they must also possess a good understanding of Treasury Risk Management. Key Responsibilities Executing of Internal Audit of the Banks risk function Treasury Middle office, Market risk, Liquidity risk. The internal audit role would include the following as part of the day-to-day job: Developing of data request, Executing of internal audits, Conducting discussions with auditee units Closure of internal audit reports, Updating risk and control matrices for the unit, Updating of internal audit MIS with the status of audits Tracking compliance of past observations pending closure Qualifications Optimal qualification for success on the job is: CA with Banking background • Professional certifications like FRM/ CFA/ etc. would be and added advantage. • 6-10 years experience and understanding of Treasury products Role Proficiencies: For successful execution of the job, a candidate should possess the following: • Good communication (both verbal & written) and inter-personal skills • Strong Excel and database manipulation skills, financial and statistical analysis skills) • Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment • Ability to prioritize and make decisions in a fast-paced environment • Ability to work as a part of team and contribute towards team goals • Ability to manage multiple tasks/projects and deadlines simultaneously
Posted 3 months ago
6 - 9 years
18 - 23 Lacs
Mumbai
Work from Office
Responsibilities Youll work on the Market Risk related changes for the Upgrade Should be able to independently discuss with end user the requirements and follow through till UAT sign-off Should be able to do optimization of the existing formulas wherever possible Contribute to the Continuous Improvements Skills Must have 6+ years experience in the Murex Market Risk module Strong experience in the Murex Market Risk Environment (MRE) module Ability to develop and deliver Market Risk configurations independently Experience in configuring reval runs, normalized runs Ability to interact with business stakeholders and run validations for various Market Risk measures Understanding of various asset classes in detail (MM, Fixed Income, FX, and IR Derivatives) Experience in functional validations for MR (eg IR VaR). Proven track record of configuring and validating various Market Risk measures, such as PV01, CR01, and PnL vectors Strong analytical skills to explain differences between Murex and other systems in VaR results Solid understanding of Oracle and/or SQL Server RDBMS Strong SQL skills for data analysis and validation Nice to have ExposureMLC strongly desirable Development skills in MxML / DM or other Murex modules
Posted 3 months ago
4 - 9 years
15 - 20 Lacs
Bengaluru
Work from Office
Day-to-day work involves: Understand xVA Credit Risk Business requirements and interact with business stakeholders Design and develop Murex configurations and scripts around xVA Credit Risk module including MLC component Contribute to improvements for the resiliency and performance of Murex xVA Credit Risk module including Murex MLC component Perform MLC (Murex Limits Controller) configuration and development incl. MLC Datamart Reports, MLC Formula., LTS LRB Task Collaborate with other Murex engineering teams and group risk technology teams Skills Must have Overall 4+ years of Murex experience Good financial markets background across a range of asset classes (Interest rate derivatives, Foreign Exchange Derivatives, Credit Derivatives, etc) Good understanding of Murex Datamart, xVA (Valuation Adjustments), and Credit Risk Good knowledge of SQL (Oracle) and Unix commands Good in problem-solving and analytical skills Strong communication skills
Posted 3 months ago
6 - 9 years
18 - 23 Lacs
Bengaluru
Work from Office
Youll work on the Market Risk related changes for the Upgrade Should be able to independently discuss with end user the requirements and follow through till UAT sign-off Should be able to do optimization of the existing formulas wherever possible Contribute to the Continuous Improvements Skills Must have 6+ years experience in the Murex Market Risk module Strong experience in the Murex Market Risk Environment (MRE) module Ability to develop and deliver Market Risk configurations independently Experience in configuring reval runs, normalized runs Ability to interact with business stakeholders and run validations for various Market Risk measures Understanding of various asset classes in detail (MM, Fixed Income, FX, and IR Derivatives) Experience in functional validations for MR (eg IR VaR). Proven track record of configuring and validating various Market Risk measures, such as PV01, CR01, and PnL vectors Strong analytical skills to explain differences between Murex and other systems in VaR results Solid understanding of Oracle and/or SQL Server RDBMS Strong SQL skills for data analysis and validation Nice to have ExposureMLC strongly desirable Development skills in MxML / DM or other Murex modules Technical skills including Unix, Shell Scripting, and Interfaces would be an additional bonus Other Languages English: B2 Upper Intermediate Seniority Regular Refer a Friend Positive work environments and stellar reputations attract and retain top talent. Find out why Luxoft stands apart from the rest.
Posted 3 months ago
6 - 11 years
8 - 14 Lacs
Chennai
Work from Office
About The Role : Business Change experience in cross functional teams Experience working on Regulatory programs Ability and willingness to get into the details to find solutions Strong experience of working with data relating to investment bank products Good content knowledge of Market Risk/ Credit Risk areas Experience at delivering coherent requirements that result in successful delivery of outcomes Strong communication skills and experience at working with various Stakeholders ranging from the various business areas, technology, and various members of the project team Works in the area of Software Engineering, which encompasses the development, maintenance and optimization of software solutions/applications.1. Applies scientific methods to analyse and solve software engineering problems.2. He/she is responsible for the development and application of software engineering practice and knowledge, in research, design, development and maintenance.3. His/her work requires the exercise of original thought and judgement and the ability to supervise the technical and administrative work of other software engineers.4. The software engineer builds skills and expertise of his/her software engineering discipline to reach standard software engineer skills expectations for the applicable role, as defined in Professional Communities.5. The software engineer collaborates and acts as team player with other software engineers and stakeholders. Primary Skills Good knowledge of the Front-to-back Architecture within a Universal Bank Highly numerate and analytical with strong problem-solving skills Strong written and verbal communication including documentation. 5+ years experience as a business analyst Proven track record in the Financial Services Industry Skills (competencies) Verbal Communication
Posted 3 months ago
1 - 6 years
1 - 3 Lacs
Navi Mumbai
Work from Office
Analyze financial data and market trend Implement and monitor risk management policie Conduct risk assessments and ensure compliance with regulation Provide regular risk reports to senior management Collaborate across department for risk mitigation
Posted 3 months ago
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The job market for market risk professionals in India is currently thriving, with many companies actively seeking skilled individuals to manage and mitigate financial risks. If you are considering a career in market risk, this article will provide you with valuable information about the job market in India.
The average salary range for market risk professionals in India varies based on experience level. Entry-level professionals can expect to earn between INR 5-8 lakhs per annum, while experienced market risk managers can earn upwards of INR 15-20 lakhs per annum.
In the field of market risk, a typical career progression may involve starting as a Risk Analyst, moving up to a Senior Risk Analyst, then transitioning to a Risk Manager, and ultimately reaching the position of Director of Risk Management.
In addition to market risk expertise, professionals in this field are often expected to possess strong analytical skills, financial modeling proficiency, knowledge of regulatory frameworks, and excellent communication abilities.
As you prepare for your job search in the field of market risk, remember to showcase your expertise, stay updated on industry trends, and practice your interview skills. With dedication and confidence, you can secure a rewarding career in market risk management in India. Good luck!
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