Unit Head-Market Risk- Mumbai

HDFC Bank

  • Full Time

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Management of the Team Identify adequate resources for the activities of the Unit Design job role and assign responsibilities Evaluate the activities performed by the Team and assess the same against internal benchmark Provide guidance to the Team to ensure adequate career goals Regulatory Guidance Review the impact of the Regulatory Guidelines presented by the risk analysts in the unit and suggest necessary improvisations, wherever required, to ensure the expectations from the Guidelines are implemented in totality Plan, conceptualize and prepare for proposed regulatory requirements in near horizon Regulatory Submissions Ensure the RBI indents are accurately responded and the documents shared are complete and meet the expectations Review the Returns submitted to Regulators and suggest the applicable approach for compilation/computation of the data for submission to Regulators Assess and Enrich the Market Risk Management Activities Assess the limit requirements as proposed by the Business Units, suggest adequate limits Review the limits/ratios/threshold and the limit assessment models and propose adequate changes to align with the business projections and risk appetite Regular tracking of the credit profile of counterparty banks and revisions to Operational Limits/Board Limits/guidance for earmarking, transactional approvals etc.
Manage the Bank Lines proactively through effective implementation of operational limit management mechanism Review the approach for Broker Empanelment Define and streamline the Exposure calculation Risk models and logic defined for risk management Review the design of the pricing model for new & existing product and evaluate the working of the valuation validation and risk measurement computation for new products Assist in the UAT for system implementation areas pertaining to Market Risk through developing of Test Cases Review and Revise the PFE Factors for Forex, Derivative and Money Market transactions and develop/validate the models Reviewing Policies/Guidelines Ensure the regulatory guidance, audit observations and compliance requirements are incorporated in the Policies Ensure the Policy prescriptions are followed by the stakeholders and deviations are addressed at the earliest.
Risk assessment of the Unit and Presentations to Senior Management Define Risk parameters for stress testing Presenting independent view on the Risk exposures to the senior management Liasoning and Networking Liasoning with regulatory & quasi regulatory bodies viz.
FIMMDA, FEDAI, CCIL to discuss the evolving regulatory landscape and market dynamics Coordinate with peer Banks to create consensus on best risk management practices Coordinate with Other Units Interact with Mid-office for ensuring proper implementation of risk measures and review the mid-office processes, wherever applicable, to ensure risk measurement and reporting is accurate Interact with Front Office while setting trading limits and ensuring the risk limits Interact with other departments viz.
audit, treasury operations, compliance, credit risk, finance and BTG as and when required primarily for clarity on the processes and for prudent risk management.

Skills
Banking Product & Process Knowledge along with Knowledge of Regulations
Command on the trading risks involved in various treasury products
Understands the linkages across different risk parameters and financial products
Experienced in Excel and programming in Excel VBA. Clarity on Statistical models/measures applicable for trading risk
Effective in Planning and Organizing Skills
Effective Communication and Ability to handle Peer Pressure
Knowledge of Competition & Current trends in financial Industry

 

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