Vacancy expired!
Our client, a banking company, is seeking a Reporting Analyst II
Location: New York, NY Position Type: Contract Business Overview: At a global level, the main mission of the Market, Counterparty, Liquidity Portfolio Analysis and Capital (MCL PAC) team is to provide General Management, CIB and RISK with a global independent view and analysis of key risks, related to market, liquidity, equity and counterparty risks. As such, the team maintains an associated governance framework including business, RISK GM and RISK I2S, comprising recurring committees from Capital Market Risks Committee ("CMRC") to Main Positions meetings. At a local level, the mission remains similar with a focus on the Americas activity. MCL PAC is part of RISK GSA (Governance & Strategic Analysis), which is part of RISK ERA (Enterprise Risk Architecture). Globally, the MCL PAC teams are based in London and Paris, with discrete teams based in Brussels and New York, and each interacts closely with regional RISK GSA teams based in these locations and in APAC. The responsibilities of MCL PAC are focused on three interlinked areas:- Management Information framework
- Capital Markets Stress Testing framework and Regulatory Measures
- Capital framework
- Results and Impact
- Leadership and Collaboration
- Client, Customer and Stakeholder Focus
- Compliance Culture and Conduct
- Be responsible for producing elements of the local management information framework, including basic qualitative needs, while working in coordination with other members of the MCL PAC Americas team.
- Contribute to the operation of the main risk committees within the MCL PAC Americas scope (e.g. Market Risk Committee (MRC), Stress Testing Technical Committee (STTC), Prime Brokerage Main Positions, etc.), as well as the broader Americas risk managed view.
- Further develop and enhance production aspects of the stress testing platform for market and counterparty risk locally, while maintaining consistency with global processes, where applicable.
- Work with risk and systems analysts to implement stress tests ensuring the correct identification of the perimeter and system capability limitations that may affect delivery of results.
- Produce and review stress test results for coherence, resolving or escalating issues found in the calculations.
- Assist with the implementation of regulatory and internal requirements for capital adequacy for market and counterparty risk (primarily on economic loss/gain scenarios but also on capital).
- Collate, develop and document explanations of capital related results.
- For capital and reporting metrics relevant to market and counterparty risks, ensure appropriate calculations from a Federal Reserve and US Basel III perspective.
- Support the wider MCL PAC team through contributions to various global risk analysis topics.
- Excellent verbal and written communication skills (English language) are an absolute requirement, due to the need to establish and maintain contacts and information flow with different teams across the bank.
- Candidates will have an analytical/economics academic background. The candidate is expected to have (or be capable of learning quickly) a solid understanding of the main financial products and their risk drivers.
- The candidate should be able to locally organize tasks in project mode and be able to ensure their timely progress or escalate when required.
- The candidate will be expected to have a general all around IT competence.
- Ideally, candidates will have worked in a market or counterparty risk role or has knowledge of risk management through trading or related position.
- Knowledge of capital markets regulation is an advantage.
- Python programming experience is an advantage.
Vacancy expired!