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Assistant Manager or Manager, Traded and Quantitative Risk

Deloitte, City of Westminster

Assistant Manager or Manager, Traded and Quantitative Risk

Salary not available. View on company website.

Deloitte, City of Westminster

  • Full time
  • Permanent
  • Onsite working

Posted today, 7 Nov | Get your application in now to be one of the first to apply.

Closing date: Closing date not specified

Job ref: 860944f386f74f8fb4cb2d10d9c6ce25

Location ref: City of Westminster

Full Job Description

  • Providing technical guidance and interpretation of prudential regulations relating to CCR and CVA, including SA-CVA, BA-CVA, SA-CCR, IMM and associated governance, model risk and regulatory expectations for Capital Markets Financial Services institutions.
  • Providing input into, and/or leading, technical presentations to financial services clients covering CCR, CVA, key regulatory trends, technical insights and practical implementation challenges.
  • Developing and managing a portfolio of client relationships across the financial services sector to support business growth.
  • Managing workstreams or projects as part of a Deloitte team to support financial services clients in managing their CCR and CVA regulatory programmes, including SA-CVA implementation, BA-CVA assessment, SA-CCR optimisation, IMM development or remediation, exposure modelling and CVA risk management.
  • Leading and managing teams and individuals to support meeting client demands, while also providing the basis for people development, mentoring and leadership.
  • When supporting our clients, we will be looking for individuals who can work in the CCR/CVA ecosystem, either in the Front Office working with traders, XVA desks, quants or structurers, or in Risk Management, Finance, Model Risk or Quantitative Analytics working with risk managers, finance teams, model validators, credit officers or quantitative teams.
  • Areas of work can and will vary, but the core competencies needed to support these clients remain largely the same. These include the ability to understand traded products, counterparty exposure, netting, collateral, margining, exposure profiles, valuation adjustments, regulatory capital requirements and the practical implementation of models and frameworks within large financial institutions.
  • The candidate should have a broader perspective of potential issues encountered when managing diverse teams and the strategies to overcome them; have a clear understanding of the firm's commitment to creating a more inclusive culture; and be able to manage diverse teams within an inclusive team culture where people are recognised for their contribution., In an ever-evolving world, there are no certainties in business. Our teams help clients to navigate risks, process major transactions and deliver transformational change that will future-proof their business. Join us to make a positive difference.
    • Regulatory & Financial Risk We provide advisory services across the risk and regulatory landscape to help our clients move beyond simply meeting the minimum compliance standards, to strategically creating a responsible, sustainable future. This includes providing critical insight and advice on the future of regulation to assist our clients in anticipating change and responding with confidence. Personal independence Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request. Connect with your colleagues "There's a huge range of clients and projects within every department - so there is always flexibility to move if you're keen to work on something different." - Jess, Strategy, Risk & Transactions Advisory

    The hired candidate will need a technical and practical understanding of CCR and CVA. They will need to have good knowledge of investment banking products and the associated counterparty credit, exposure and valuation adjustment risks associated with these products, in particular SA-CVA, SA-CCR and IMM. In conjunction with this, they will need to be able to communicate technical CCR/CVA information to non-technical senior management verbally and in writing. The successful candidate's broad understanding of CCR and CVA will later lead to the responsibility of managing multiple engagements, while also acting as a subject matter expert.
  • A relevant university degree, such as Financial Mathematics, Mathematics, Statistics, Physics, Business, Finance, Economics, Financial Engineering or a related quantitative discipline, preferably with Honours, or equivalent qualification.
  • CFA, FRM, CQF or equivalent professional designation preferred.
  • Technical understanding of Counterparty Credit Risk, CVA and quantitative risk management, including:
    • + Definition and range of traded instruments that generate counterparty credit exposure. + How derivatives, securities financing transactions and other counterparty-facing instruments are valued.,
  • Familiarity with counterparty credit risk and CVA measures, their derivation and their use in day-to-day risk-management operations of a financial institution. This may include PFE, EPE, EE, effective EPE, exposure profiles, expected positive exposure, potential future exposure, replacement cost, add-ons, alpha, credit spreads, CVA sensitivities and CVA capital measures.
  • Understanding of exposure modelling approaches, including simulation-based exposure modelling, Monte Carlo methods, collateral modelling, netting set treatment, margin period of risk, wrong-way risk and stress testing.
  • Experience in CCR and CVA risk management processes and frameworks, including governance, risk appetite, limits, identification, measurement, monitoring, reporting, stress testing and supporting data and infrastructure.
  • Detailed knowledge of regulation impacting CCR and CVA, including SA-CVA, BA-CVA, SA-CCR, IMM, leverage exposure considerations for derivatives and securities financing transactions, and relevant prudential expectations for model governance and validation.
  • Familiarity with topical regulatory and risk-management issues and experience dealing with the associated practical challenges related to their management and measurement within a large-scale financial institution.
  • Practical experience with development, implementation, validation or remediation of CCR/CVA methodologies and frameworks.
  • Knowledge and practical experience of model development and validation across standardised and internal model approaches, including SA-CVA, BA-CVA, SA-CCR and IMM.
  • Understanding of regulatory quantitative impact studies, capital impact analysis, model change programmes or data remediation exercises relating to CCR and CVA. Experience in coordinating data collection, methodology assessment and capital impact analysis in line with these programmes would be advantageous.
  • Familiarity with XVA concepts and infrastructure would be advantageous, including CVA, DVA, FVA, MVA, KVA, valuation adjustments governance, XVA desks, hedge accounting interactions and the relationship between accounting CVA and regulatory CVA capital.
  • Ability to understand and explain the interaction between CCR/CVA, credit risk, market risk, liquidity risk, collateral management, clearing, margining and front office trading activity.
  • Consulting skills: the ability to compile, digest and present technical information to senior non-technical audiences orally, visually and in writing.
  • Utilising excellent interpersonal skills with a thorough technical understanding to facilitate workshops with clients.
  • Team player with good organisational, planning and leadership skills.
  • Sound people management skills and experience of developing and managing a team of professional staff.

    Deloitte drives progress. Using our vast range of expertise, we help our clients' become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.
    • What brings us all together at Deloitte? It's how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most., At Deloitte we understand the importance of balancing your career alongside your home life. That's why we'll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you'll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You'll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role. Our commitment to you Making an impact is more than just what we do: it's why we're here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before. We want you. The true you. Your own strengths, perspective and personality. So we're nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we'll take your wellbeing seriously, too. Because it's only when you're comfortable and at your best that you can make the kind of impact you, and we, live for. Your expertise is our capability, so we'll make sure it never stops growing. Whether it's from the complex work you do, or the people you collaborate with, you'll learn every day. Through world-class development, you'll gain invaluable technical and personal skills. Whatever your level, you'll learn how to lead.

Direct job link

https://www.jobs24.co.uk/job/assistant-manager-or-manager-traded-quantitative-risk-127702193
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