Mission
The mission of RISK Market & Financial Institutions (“RISK MFI”) is to provide the Senior Management of the Group, of the RISK Function and of Global Markets (“GM”) and of BP2S with full transparency and dynamic analysis and monitoring of market, counterparty, valuation, and liquidity risks originated and managed by CIB and of credit risks on Financial Institutions to assist them in their risk decision making and monitoring.
In that context, RISK MFI – Management Information (“MI”) provides General Management, Metiers and RISK Function with a global independent view and analysis of the key risks, to make informed decisions and assess the overall risk profile of the organization and contribute to group-wide internal and external disclosure. As such, the team maintains an associated governance framework between Businesses and RISK, comprising recurring committees from Financial Market Risks Committee (“FMRC”) to Main Positions meetings. It also supports checkpoints with supervisors and rating agencies.
MI’s scope also includes the internal model and standard approach capital production for market, counterparty, and settlement risk, as well as the steering and animation of the framework for capital markets stress testing for internal and regulatory purposes.
Consequently, MI sits at the heart of a network of technical and subject matter experts in the fields of market/counterparty risk to turn data into management information.
Responsibilities
As the RISK MFI Management & Supervisory Information & VA Team Leader in Porto, you are locally responsible of the MI MSI team members and the VA EU chapter members based in Porto.
Additionally, you:
are responsible for key elements of the Management & Supervisory Information (MSI) framework:
- Running own MSI deliverables used as supporting documentation for various risk forums in local scope or regulatory reports, leading the execution and agreement of the analysis / reports and coordinating with RISK and business stakeholders.
- Contribute, with the other MSI teams from other locations, to the various global risk analysis forums such as Main Positions meetings and the Financial Markets Risk Committee, and act as back-up when required. This involves providing value-added, readable analysis and commentary on main evolution/areas of risk in partnership with experts from other teams in RISK, Finance, or Business Lines.
- Perform or assist ad-hoc requests (e.g. preparation of analysis for regulatory requests, key highlights, crisis analysis or focus papers) and periodic exercises such as the Risk Identification, the Annual Group Stress Test or supervisors’ stress tests requirements.
- Run frequent consistency checks to spot anomalous or erroneous data, identify root causes, and recommend corrective actions that feed into Risk Systems’ Issue Management and Remediation process.
Contribute to the enhancement and Industrialisation of Management Information ecosystem:
- Collaborate with other teams to understand their reporting requirements in areas such as market and counterparty risk to provide customized and insightful reports to the management or the supervisors.
- Contribute to the implementation of a global reporting strategy.
- Facilitate the adaption and enhancing of analysis processes by the team, to improve quality and efficiency, to capture emerging risks and respond to new activities.
- Coordinate with partners from the RISK Market, Counteraprty & Liquidity tribes to implement, test & release new processes.
Build, manage and develop a team of market, counterparty and valuation risk analysts in Porto:
- evidenced by KPI.
- Foster a positive team culture that promotes delivery-focus, collaboration, accuracy, and innovation.
- Manage and develop the careers of MSI Porto team members, ensuring everyone has the opportunity, resources, and guidance to allow them to realise their full potential.
- Support the VA EU chapter members based in Porto to facilitate their day-to-day.
- Encourage fruitful collaboration and knowledge sharing with the other MI Portugal team members and the VA EU chapter members based in Lisbon.
- Foster a common risk management and operational culture within the team and develop the network of the team with key stakeholders in RISK and CIB Business Lines.
This is a varied and exciting role, offering a unique blend of financial risk management, and analytical and regulatory work, in a dynamic and fast paced environment that sits at the core of the RISK function. The role is ideal for collaborative individuals who wants to put into practice their knowledge of financial markets and financial risk management concepts, grow their technical skills and gain experience across a wide range of topics.
Requirements
- Postgraduate in Finance, Mathematics or Statistics
Risk and Controls [4-7] years
Data Analytics [0-2] years
MS Office (Proficient)
MS Office EXCEL (Proficient)
IT Languages e.g. Python (Preferable)
Communication skills - oral and written
Ability to synthesise, simplify
Creativity, innovation, and problem solving
Ability to collaborate/Teamwork
Attention to detail and ability to deliver accurate and error-free reports
Adaptability to a fast-changing environment, where there are systems and regulatory challenges
Analytic ability
Financial markets
#LI-Hybrid
