Market and Counterparty Risk Management Information Team Leader

June 20, 2024

Market and Counterparty Risk Management Information Team Leader

Reference12350771

  • Permanent
  • PT-Porto
  • RISK
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Mission
The mission of RISK Market & Financial Institutions (“RISK MFI”) is to provide the Senior Management of the Group, of the RISK Function and of Global Markets (“GM”) and of BP2S with full transparency and dynamic analysis and monitoring of market, counterparty, valuation, and liquidity risks originated and managed by CIB and of credit risks on Financial Institutions in order to assist them in their risk decision making and monitoring.
In that context, RISK MFI – Management Information (“MI”) provide General Management, Metiers and RISK Function with a global independent view and analysis of the key risks, to make informed decisions and assess the overall risk profile of the organization and contribute to group-wide internal and external disclosure. As such, the team maintains an associated governance framework between Businesses and RISK, comprising recurring committees from Financial Market Risks Committee (“FMRC”) to Main Positions meetings. It also support checkpoints with supervisors and rating agencies.
MI’s scope also includes the internal model and standard approach capital production for market, counterparty, and settlement risk, as well as the steering and animation of the framework for capital markets stress testing for internal and regulatory purposes.
Consequently, MI sits at the heart of a network of technical and subject matter experts in the fields of market/counterparty risk to turn data into management information.
Responsibilities 

As the RISK MFI Management Information Team Leader in Portugal, you will be leading a newly formed team and:

Be responsible for key elements of the Management & Supervisory Information (MSI) framework:

  • Running own MSI deliverables used as supporting documentation for various risk forums in local scope or regulatory reports, leading the execution and agreement of the analysis / reports and coordinating with RISK and business stakeholders.
  • Contribute, with the other MI teams from other locations, to the various global risk analysis forums such as Main Positions meetings and the Financial Markets Risk Committee, and act as back-up when required. This involves providing value-added, readable analysis and commentary on main evolution/areas of risk in partnership with experts from other teams in RISK, Finance, or Business Lines.
  • Perform or assist ad-hoc requests (e.g. preparation of analysis for regulatory requests, key highlights, crisis analysis or focus papers) and periodic exercises such as the Risk Identification, the Annual Group Stress Test or supervisors’ stress tests requirements.
  • Run frequent consistency checks to spot anomalous or erroneous data, identify root causes, and recommend corrective actions that feed into Risk Systems’ Issue Management and Remediation process.
  • Ensure the team deliver a high quality well controlled production service respecting deadlines, evidenced by KPI.

 

Oversee/coordinate production of capital requirements for Market, Counterparty and Settlement risk:

  • Supervise and coordinate the production of accurate Risk Weighted Assets figures, and related deliveries, under regulatory (both current and future) and internal frameworks.
  • Manage the team’s contribution to the robustness of the production framework in terms of architecture, analysis and reporting.
  • Ensure operational existing and future processes, including control aspects, are / will be effectively followed in accordance with specific governances.

Contribute to the enhancement and Industrialisation of Management Information ecosystem:

  • Collaborate with other teams to understand their reporting requirements in areas such as market and counterparty risk, stress testing, capital etc to provide customized and insightful MI reports.
  • Contribute to the design and implementation of global reporting strategy and capital production.
  • Direct the team to innovate by adapting and enhancing analysis processes to improve quality and efficiency, capture emerging risks and respond to new activities. Coordinate with change partners within RISK MCL Tribes and Squads to implement new processes and release testing.

Build, manage and develop the team of risk management professionals in Lisbon and Porto:

  • Contribute to the hiring and onboarding of risk analysts to maintain a high-performing team in Lisbon and Porto.
  • Foster a positive team culture that promotes delivery-focus, collaboration, accuracy, and innovation.
  • Manage and develop the careers of MI team members, ensuring everyone has the opportunity, resources, and guidance to allow them to realize their full potential.
  • Foster a common risk management and operational culture within the team and encourage fruitful interaction with other key stakeholders in RISK, Business Lines and Finance (in particular for contributions to the group-wide capital process).

This is a varied and exciting role, offering a unique blend of financial risk management, and analytical and regulatory work, in a dynamic and fast paced environment that sits at the core of the RISK function.  The role is ideal for collaborative individuals who wants to put into practice their knowledge of financial markets and financial risk management concepts, grow their technical skills and gain experience across a wide range of topics.

Requirements

  • Postgraduate in Finance, Mathematics or Statistics
  • Risk and Controls [7-15] years
  • Data Analytics [7-15] years
  • MS Office (Proficient)-MS Office EXCEL (Proficient)
  • IT Languages e.g. Python (Preferable)
  • English (Fluent)
  • Knowledge of regulatory capital and financial markets
  • Analytic ability
  • Adaptability to a fast-changing environment, where there are systems and regulatory challenges.
  • Attention to detail and ability to deliver accurate and error-free reports
  • Ability to collaborate/Teamwork
  • Creativity, innovation, and problem solving
  • Ability to synthesise, simplify.
  • Communication skills – oral and written.

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