What are the responsibilities and job description for the Risk Consultant position at Procom?
Duration: 5 months contract with potential extensions/conversion to full time
Location: Irving, TX
Position: 302002 - Project Manager - Risk
Client: Banking
LOOKING FOR CANDIDATES WHO HAVE EXPERIENCE WITHIN RISK SPACE WITH VaR and STRESS TESTING, INCLUDING PYTHON
• Develop and enhance tools for the measurement, monitoring and management of counterparty exposure including PFE, risk capital, wrong way risk and stress testing.
• Actively liase with sales trading, CVA and market risk managers to ensure comprehensive coverage of counterparty and liquidity risk measures across all derivatives and financing products
• Closely work with Quantitative risk and Markets analytics teams, Technology and Model Validation groups on CCR model development and evolution of CCR models to address new products or risk areas
• Work with business managers and In-Business Risk teams on margin model development, new product approvals and realtime monitoring and controls
• Monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk, but also documentation, legal and reputational risks.
• Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
• Communicate key findings to senior management and act as the chair for CCR and in-business risk forums as appropriate.
• Put together presentations and documents for internal and external use on various topics including describing the functions of the Risk Group, stress methodologies, and summarizing risk issues.
• Analyzing control environment including periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices.
Key skills:
• Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
• Large scale project management skills spanning risk and technology
• Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
• Strong written and verbal communication skills
• Sound risk and business judgment
• Stress testing skills essential, instrument modelling skills desirable.
• Strong Excel skills ideally incorporating VBA (Visual Basic for Applications)
• Programming skills in Python, R or other statistical languages is a plus
