Indian Institute of Quantitative Finance
Indian Institute of Quantitative Finance
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Analyst - Risk Information Services (Job ID : MRA2015021)

Applications are invited for the positions of "Analyst - Risk Information Services" in a leading IT Service Company. The positions will be part of the Risk Information Services (RIS) - Market Risk which delivers global, multi-asset class solutions for the production, control and validation of various internal model risk measures (DVaR, SVaR, IRC and APR). RIS plays a key role in the management and maintenance of processes that feed into all Market Risk Capital measures. The department works closely with a variety of stakeholders including front-line desk risk management.
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Key Responsibilities :
  • To take responsibility for qualitative and timely production of Risk numbers (the DVaR, SVaR, IRC and APR production and reporting activities) cross asset class or for specific asset classes
  • Overall responsibility for the quality of market data its impact on exposures, ensuring that problems are overcome by means of effective dialogue with internal and external team members
  • As historical time series are a key component of all of our risk simulation methodologies, having the necessary skills to ensure that the data used within our risk engines are correct
  • To monitor the risk calculation break downs due to insufficient or poor quality market data – monitoring trades that fail to risk using the ideal process
  • During times of stress, assist colleagues from the differing asset class groups with tasks that may differ from their immediate role
  • To work effectively within the team, contributing to the ad hoc demands without loss of service for business as usual processes
  • Providing line management responsibilities to a team of analysts depending on experience and ability
  • Producing timely and adequate management information statistics outlining effort, successes, road blocks and failures
  • Ensure that all activities are in adherence to existing policies and risk governance practices

    Expectations :
  • Highly motivated, energetic individual with a strong process engineering and quality control focus
  • Comfortable liaising with the department’s wide range of business partners that span globally
  • Strong problem solving skills and attention to detail
  • Team player and lead - willing to take on incremental responsibilities
  • Ability to cope with change and very tight deadlines
  • Ability to deal with senior stake holders across different time zones
  • Flexible/willingness-to-stretch in terms of work timings given the global responsibility
  • Deep knowledge of VaR, sensitivity-computation methodologies
  • Proficient in the use of IT Systems
  • Proficient in programming languages - VBA, SQL

    Preferred Qualification / Skill Set :
  • Experience in a top tier institution exposed to Market Risk, delivery of projects, and/or Product
  • Masters Degree in a quantitative discipline will be preferred ( Financial Engineering, Financial-Math)
  • Expertise with Excel /VBA skills / SQL
  • Financial Markets experience, Systems Exposure
  • Knowledge of the Market Risk
  • Risk simulation experience
  • Risk system experience
  • An individual with Product Control, Business and Market Risk experience
  • Comfortable in communicating with Risk Managers and IT and be willing to question existing processes in a tactful manner. Previous Systems exposure
  • High quality degree with some quantitative subjects

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