Market Risk Specialist - Singapore - Cathay United Bank

Cathay United Bank

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

Job purpose

The Specialist, Risk Management (Market Risk) is responsible for the monitoring of the Branch's level of market risk in Treasury's business activities and ensuring there is sound risk management practices.

Responsibilities / Projects

Monitor Treasury's trading activities and portfolio risk profiles to ensure that they are operating within risk limits (Stop-Loss, DV01, FX Delta and Off Market/Exception)
Ensure high level of integrity and accuracy in preparation of risk information/reporting
Highlight and escalate breaches/exceptions/issues to relevant stakeholders in a timely manner
Reporting risk profile trends and issues to Treasury/HOD and make recommendations on portfolio actions (where necessary)
Responsible for bond definition and limits set up in the Trading System for Treasury and Corporate Banking
Conduct market stress testing to determine the ability of the Branch to withstand plausible severe adverse conditions, documenting the outcome and sharing results/recommendations with relevant stakeholders
Develop and review/update internal risk related guidelines and standard operating procedures (SOPs)
Enhance and automate risk management reports and controls for improved quality and productivity efficiency
Participate in adhoc risk related UATs/projects

Requirements:

Minimum a Bachelor Degree in Business Administration or a relevant discipline
Minimum 2 years' related working experience within the Banking industry, Market Risk Management space
Good understanding of financial products
Proficient in spoken and written English/Chinese to liaise with Head Office counterparts
Proficient in Microsoft Office, especially Excel capabilities (VBA preferred)
Good team player with ability to build strong professional relationships
Effective communication skills
Good analytical and problem solving skills

Key Performance Indicators

Core Values

Integrity to adhere strictly to ethical behavior and comply with the regulations
Accountability & One Bank to take ownership of key responsibilities and adhere to the strong risk management and risk culture of the Branch/Bank
Innovation to enhance and challenge the status quo for better, faster and efficient risk management of the Branch

Internal Controls & Risk Governance

Ensure that the Branch's risk management setup is aligned with Head Office and local regulatory requirements
No adverse audit findings (both internal & external) on risk management function at Branch's level

Treasury's Trading, Investment and TMU Sales Performance Monitoring

To provide oversight to ensure that the Trading Book, Banking Book and TMU Sales are operating within the approved risk metrics
To work on enhancement in terms of risk monitoring of the financial market portfolios