We are seeking a Risk Specialist to join the Second Line of Defence (2LOD) team, responsible for rigorous oversight and control of First Line of Defence (1LOD) activities.
Key Responsibilities:
* Challenge and validate margin and stress models (core/add-ons) annually and upon request.
* Conduct daily controls and analyses including instrument, portfolio, statistical back-tests, concentration monitoring, Key Risk Indicators (KRIs), liquidity, and anomaly detection.
* Perform monthly sensitivity tests, internal rating scoring, AI innovation developments, Risk Disclosure, BANKIT liquidity/stress reporting, ESMA monthly reports, and EACH activities.
* Quarterly tasks include reverse stress testing, IOSCO disclosures, and ERC organization.
* Annual responsibilities cover internal rating calibration, default management coordination, recovery and resolution planning, collateral and investment policy reviews, and fire drills.
* Biannual ESMA stress tests and daily margin/stress test result monitoring, including IOSCO responsiveness analyses and Margin APC monitoring.
* Ongoing management of regulatory relationships, market monitoring, internal risk committees, and maintenance of Risk Journals (BOD, ERC, CS).
* Deep knowledge of financial instruments (Fixed Income, Equity & Eq. Derivatives, Commodity Derivatives)
Your Profile:
* Strong analytical skills and familiarity with CCP risk management practices.
* Ability to engage effectively with internal stakeholders and regulators.
* Proactive mindset, detail-oriented, and skilled in quantitative risk methodologies.
* Advanced knowledge of financial risk metrics (VaR, Expected Shortfall, Sensitivity Analysis).
* Proficiency in Python or other programming languages used for risk analytics.
* Experience with regulatory reporting (EMIR, ESMA, IOSCO) and compliance requirements.
* Ability to manage multiple tasks simultaneously under tight deadlines.
* Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative discipline; advanced degrees or relevant certifications (FRM, CFA) preferred.
* Advanced knowledge of Python or other programming languages.
We are proud to be an equal opportunity employer. We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor. We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.
Additional Information
This job description is only describing the main activities within a certain role and is not exhaustive. It does not prevent to add more tasks, projects.