The Trading Risk & P&L Production Specialist is responsible for producing daily Risk & P&L reports for their respective trading desk. The role ensures that figures are validated based on existing controls; and that the Risk & P&L information is properly attributed and explained. The Trading Risk & P&L Production Specialist has a close working relationship with relevant trading and infrastructure colleagues to ensure financial accuracy; and that the ‘trade to book’ control environment is operating effectively.
Your key responsibilities:
- Report valuation and risk to the business daily, including timely issue identification and resolution. This would involve trade modeling, liaising with Front Office to confirm prices and understanding the trades
- Produce and analyze full P&L attribution, and resolving any unexplained P&L
- Continuous improvement to improve speed and accuracy of risk sensitivities, to reduce the level of manual intervention required in the workflow and to streamline the workflow
- Set up and testing of valuation and risk for new products and verification of new deal P&L
- Reviewing, analyzing and verifying the booking of complex trade structures within DB systems, including close liaison with Operations to ensure timely and correct trade verification and maintenance
- Work with stakeholders to standardize booking practices and reducing operational risk surrounding exotic bookings
- Familiarize with bank policies around model risk control, exotic trade review, valuation services and risk and P/L control
- Understand and analyze the root cause of exceptions, take ownership of exceptions and actively drive remediation
- Respond to internal client queries on valuation and risk, through a strong understanding of pricing concepts, model limitations and analytical pricing libraries
- Work closely with stakeholders and partners in Front Office, Market Risk Management, Global Valuation Group & Operations to fulfill our responsibilities.
Your skills and experience:
- Strong inter-personal skills as constant interaction with stakeholders and partners is expected.
- A strong team player.
- Possess intellectual curiosity in valuation problems (all aspects of quantitative finance and methodologies)
- Have the skills to drive continuous improvement of processes and workflow.
Associate:
- Minimum of 2 years working experience in a financial institution or investment bank
- Broad knowledge of banking products such as Fixed Income, Rates, Currencies, Derivatives including pricing and risk
- Proficient in Microsoft Query, Python and Alteryx. Experience in SQL, Tableau, VBA and C++
AVP:
- Minimum of 4-5 years working experience in a financial institution or investment bank
- Broad knowledge of banking products such as Fixed Income, Rates, Currencies, Derivatives including pricing and risk
- Strong stakeholder management skills in communicating complex information to a wide variety of stakeholders from various region.
Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirement applies