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Current Job Opening


Director of Risk Management – Derivatives Model validation

Appointment will be made on the basis of a fixed term contract of 2 years (further extendable)


Purpose


The successful candidate will contribute to the fulfillment of the objectives of the Model Validation Division which is responsible for identifying and tracking and independently validating all models of clients’ implementations, and for each model assessing the model risks, the appropriateness for the purpose used, and the general and advanced approach. The role of this team is to bring the development of valuation and risk analysis models into a structured process for independent review, testing, approval and report based documentation(s).


Accountabilities


  • Validate various models built to assess and quantify counterparty credit risk, market risk, and other complex derivatives valuation and stress testing models
  • Execute validation programs that include.
  • Independent testing of model inputs and assumptions, framework, methodology, performance, implementation and limitations of the model being validated.
  • Tracking the resolution of findings with model owners and users.
  • Employ technical expertise and analytic acumen to provide high quality deliverables in a fast paced risk management environment.
  • Examine conceptual soundness of models being validated. Review and effectively challenge the underlying assumptions, theory, empirical evidence, limitations of the model being validated.
  • Write model validation reports documenting the results of the model validation, including observations and findings, and recommending remedial action plans. Produce reports to track validation status and results for management and internal and external auditors.
  • Interface with model stakeholders throughout validation process, external and internal audit to discuss justification and reasoning behind validation findings.
  • Work with all teams across the Risk Management Directorate to develop and maintain an inventory of all models used.
  • Directly contribute to the Bank’s efforts to maintain full compliance with the Basel II/III regulatory framework in the area of model validation.
  • Participate in the Bank’s efforts to ensure on going compliance with its framework of best banking practice in the area of risk management

Desired Skills and Experience


  • PhD or equivalent university degree, preferably in Mathematics, Quantitative Finance and/or Statistics.
  • At least 10 to 15 years of relevant professional experience acquired with a major derivatives user, with extensive implication in derivatives control, including.
  • Very good knowledge and in-depth experience in the areas of derivatives valuation and statistics, as well as in derivatives valuation packages, preferably Murex.
  • Very good knowledge of counterparty risk quantification, including potential future exposure and credit valuation adjustment calculations.
  • Familiarity with counterparty credit risk mitigation, including ISDA/CSA documentation.
  • Knowledge of BCBS regulations and best banking practice in the field.
  • Expertise in programming languages, especially Visual Basic and SQL. Command of C++ and C# would be an advantage.
  • Experience in working with regulators, auditors, and compliance will be considered as a plus.
  • Strong critical thinking skills to provide effective challenge to models developed internally and by vendors. Demonstrated ability to produce clear, concise written work products
  • Ability to work effectively in a high pressure, fast paced environment with multiple deadlines and competing priorities.
  • Very good knowledge of English and/or French and/or  German and a good command of the other.

Competencies


  • Strong quantitative and analytical skills and the ability to understand complex financial structures.
  • Strong verbal and written communication skills.
  • Results orientation.
  • Very good knowledge of counterparty risk quantification, including potential future exposure and credit valuation adjustment calculations.
  • The ability to work in a team or autonomously.
  • Well-developed interpersonal skills and ease of contact at all levels.

Deadline for applications: 30th March 2015

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Risk Analyst – Foreign Currency

Full Time or Contract Role (Evaluation after 6 months provision), RsRL’s client is an established niche Investment firm with a global presence.


About The Role: 

This is an interesting role as it is very front office focussed and involves monitoring the currency markets to analyse the risks and trends. Using financial instruments to trade and manage the risk. Developing and implementing risk policy and executing the risk management strategy.

Sector specifications: Banking, Investment Banking, Private Banking / Wealth Management, Financial Risk / Liquidity Risk, Fixed Income, Foreign Exchange, Hedge Funds, Risk Management


What We’re Looking For


  • Academically the candidate should have as a minimum a degree, preferably a Master degree in Mathematics or Statistics or Economics from reputed University or Institution.
  • A seasoned professional with a credible track record in foreign currency exposure management. With detailed knowledge of the FX, Commodities and Interest Rate market.
  • Highly analytical and able to translate technical information to commercial stakeholders.
  • Clear and decisive thinking with excellent presentation skills.
  • Year of experience required is between 5 to 10 years.

About The Offer


  • The successful candidate will be well rewarded financially and given the opportunity to work in a stimulating and professional environment.

Deadline for applications: 30th March 2015

Apply Now
Manager – Operational Risk & Valuations

Full Time or Contract Role (Evaluation after 6 months provision), RsRL’s client is an established niche Investment firm with a global presence.


About The Role: 


In principle valuation strategies must be developed with risk management processes.
We are looking for an interesting role as it is on-site focused and involves monitoring operational risk and valuations to analyses the risks,
liquidity, interest rate and other macroeconomic trends. Using financial instruments built by RsRL.
Developing and implementing risk policy and executing the risk management strategy.


What We’re Looking For


  • Academically the candidate should have as a minimum a degree, preferably a Master degree in Finance or Economics or Statistics from reputed University or Institution.
  • Ability to develop and analyzed for business plans and financial models to help identify key assumptions and drivers behind the business forecasts.
  • Have exceptionally strong technical skills with extensive financial modeling, due diligence and analysis experience.
  • Execute various analyses (e.g., customer requirements, market sizing, competitor analysis etc.) for the purpose of understanding the impacts of these analyses on the target’s forecast.
  • Perform secondary research using a variety of business sources (e.g. analyst reports, capital market research reports etc.).
  • Ability to prepare valuation reports daily, monthly and yearly for small and large enterprises and Govt. bodies.
  • Excel and SQL/ Oracle etc knowledge is mandatory.
  • Have outstanding communication and organisational skills and will be a self starter who is highly driven and determined.
  • Year of experience required is between 3 to 5 years.

About The Offer


  • The successful candidate will be well rewarded financially and given the opportunity to work in a stimulating and professional environment.
  • Initial 2 years the position will be based in UAE (extendable).
  • All necessary benefits.
Apply Now

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