Introduction
We are building a modern Wipro.
We are an end-to-end digital transformation partner with the boldest ambitions. To realize them, we need people inspired by reinvention. Of yourself, your career, and your skills. We want to see the constant evolution of our business and our industry. It has always been in our DNA – as the world around us changes, so do we.
Wipro is a leading global information technology, consulting, and business process services company. Our Domain & Consulting group serves as the strategic arm of Wipro, helping clients across industries to strategize, transform, and re-imagine their business and operating models.
Wipro empowers companies to transform their business and deliver superior experiences for their customers, partners and employees. With an entrepreneurial mindset and a sense of fun, we thoughtfully evaluate clients’ problems; craft innovative solutions that leverage cutting-edge technologies; and work side-by-side with clients to drive business outcomes. Wipro Consulting is a proactive force of change, a true partner in our clients’ transformation, and a uniquely powerful group that combines strategic counsel with technical excellence. Our BFSI Domain Consulting team is at the heart of this. Our people are the tip-of-the-spear driving change, come join us!
Overview
At this level of Senior Manager / Managing Consultant you will be responsible for overseeing the ‘Run the Bank’ and continuous improvement of Market Risk Reporting processes for our strategic banking customers. Strong analytical skills along with background in banking regulations and process improvement are essential to ensure regulatory compliance and regulations.
You would be responsible for:
Act as the primary owner for all processes related to Market Risk calculations and Reporting, including VaR, stress testing, and scenario analysis.
Overseeing and ensuring the accuracy, timeliness, and efficiency of all regulatory reporting processes.
Working upto CxO level, and various departments including Market Risk, Regulatory Reporting, Compliance, Risk Management, Finance, and IT, to ensure that the data integrity, consistency and timelines are adhered as per the regulatory requirements and guidelines, throughout multiple reporting process.
Ensure that market risk reports meet internal as well as regulatory requirements, keep up-to-date with changes in regulatory requirements and ensure the market risk reporting process is adjusted accordingly
Establish and maintain governance frameworks for market risk reporting, ensuring E2E visibility and production stability
Conduct thorough analysis of existing IT processes. Identify inefficiencies and bottlenecks, and design solutions for process optimization.
Lead and manage projects focused on the development and implementation of process improvements within the IT department and the Market Risk process landscape.
Facilitate change management initiatives, ensuring smooth transition and adoption of new processes and technologies across the organization.
The disciplinary manager for this position is Pankaj Gupta and the location of the role is Hamburg. People with disabilities with appropriate suitability are in favour.
Who we are looking for:
Bachelor’s or Master’s degree in Finance, Risk Management, Economics, or a related field. Professional qualifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are desirable.
Extensive experience in market risk management, risk reporting, or a related field in banking or financial services with at least 2 years in a leadership role.
Strong understanding of market risk concepts (VaR, stress testing, sensitivity analysis) and financial products (derivatives, bonds, equities, etc.)
Experience in IT process management, business analysis, or a related field within the banking or financial services industry.
Skilled in ensuring data accuracy and resolving issues efficiently.
Excellent at collaborating with CxO and their business units, IT teams, and risk management stakeholders
Certification in ITIL, Lean, Six Sigma, or similar methodologies preferred.
Excellent analytical and problem-solving skills.
Strong project management and organizational abilities.
Effective communication and interpersonal skills.
Proficiency in process mapping and modelling tools.
Ability to lead and manage change effectively as well as cross functional teams
Why work at Wipro?
We pride ourselves on creating an inclusive workplace that provides equal opportunities to all persons regardless of their age, cultural background, sexual orientation, gender identity and expression, disability, veteran status, or anything else. If you only meet some of the requirements for this role, that’s okay! We value a diverse range of backgrounds & ideas and believe this is fundamental for our future success. So, if you have the curiosity to learn and the willingness to teach what you know, we’d love to hear from you.
Besides a competitive salary and benefits package, we are an exciting and dynamic company to work for. The Top Employer Institute ranked Wipro 1st overall in Europe a “Top Employer” for 2024, we were assessed on several key HR practices including People Strategy, Work Environment, Talent Acquisition, Learning & Development, Wellbeing and Diversity and Inclusion.
Wipro has been globally recognized by several organizations for our commitment to sustainability, inclusion, and diversity. Social good is in our DNA, we believe in sustainability for the health of our planet, its inhabitants, and our business. For over 75 years we have operated as a purpose-driven company with an unwavering commitment to our customers and our communities. Energized by what we call the Spirit of Wipro, we commit ourselves to being a catalyst for change – working to build a more just, equitable and sustainable society. Around 66% of Wipro’s economic ownership is pledged towards philanthropic purposes.
All of our employees are expected to embody Wipro’s 5-Habits for Success which are: Being Respectful, Being Responsive, Always Communicating, Demonstrate Stewardship, Building Trust.
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