Senior Consultant, Market Risk, Traded & Quantitative Risk

The successful candidate will need a technical and practical understanding of Market Risk. They will need to develop a good knowledge of investment banking products and the associated risks with these (in particular FRTB) and in conjunction with this they will need to be able to communicate technical market risk information to non-technical senior management verbally and in writing. The successful candidate's broad understanding of market risk will later lead to the responsibility of managing multiple engagements in-line with also being a SME.

• Providing technical guidance and interpretation of prudential regulation (FRTB) for Capital Market Financial Services institutions


• Provide input and/or lead technical presentations to FS clients covering Market Risk, key trends, technical insights and


• Developing and managing a portfolio of client relationships across the financial services sector to support business growth.


• Managing work-streams or projects as part of a Deloitte team to support FS clients manage their regulatory programmes such as FRTB.


• Lead and manage teams and individuals to support meeting client demands as well as providing the basis for people development, mentoring and leadership.


• When supporting our clients, we will be looking for individuals who can work in the Market Risk eco-system, either in the Front Office working with traders or quants, or in Risk Management working with the risk managers or quants. Areas of work can and will vary but the core competencies needed to support these clients remain largely the same.


• To 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


• Managing diverse teams within an inclusive team culture where people are recognised for their contribution
  
  A relevant university degree (Financial Mathematics, Business, Financial Engineering, etc), preferably with Honors


• CFA designation preferred


• Consulting skills:

+ The ability to compile, digest and present technical information to a 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.

Desirable:

Technical understanding of Market Risk/Quantitative MR:

• Definition and range of traded instruments; of Which instruments generate market risk/How each instrument is valued/When each instrument should be used.


• Familiarity with traded risk measures, their derivation and use in the day-today risk-management operations of a financial institution:

+ Use of VaR & Stressed VaR
+ Identifying and measuring Interest Rate in the Banking Book

• Experience in market risk management processes and frameworks including; governance, risk appetite, limits, identification, measurement, monitoring, reporting, and supporting data and infrastructure.


• Detailed knowledge of regulation impacting market risk.


• 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 and implementation of market risk methodologies and frameworks.


• Knowledge and practical experience of all aspects (SA & IMA) of model development and validation.


• Understanding of the QIS (Quantitative Impact Study) for FRTB, experience in coordinating data collection and analysis in line with this would be advantageous.
  
  Market Risk is one of the major risk types in Financial Institutions, primarily the Capital Markets division of banks but also in other FI's who trade and consequently need to manage risk in their portfolios. Market Risk Capital amounts to anywhere from 15% to 25% of a bank's total capital requirement. The drivers of market risk and the process to calculate and manage this risk is complex.


As we expand our Risk Advisory business to more holistically include all risk types, the focus on Market Risk increases. With the always important regulations for Market Risk, FRTB and the client-driven demand to support them in these deliverables is also driving an increasing need for these skills.

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"At Deloitte you're surrounded by subject matter experts; industry experts, technology experts, and you can access that knowledge whenever you need to."

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"I have two young children and it's important to me that I'm able to spend quality time with them. The flexibility Deloitte gives allows me to make the time to do the school run once a week and go to events at school such as sports day and parents evening.", For this role we can offer coaching and support designed for returners to refresh your knowledge and skills, and help your transition back into the workplace after a career break of two years or more. If this is relevant for you, just let your recruiter know when you make your application.

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