VP, Market Risk Management, Wealth Management

Job Summary

• Singapore
• Permanent
• BBBH830975
• Oct 14, 2022
• Competitive

Job Description
Morgan McKinley is working in partnership with a Global Bank who is well known for their top tier Investment Banking & Wealth Management services. They are one of the well-recognized tier one houses.

The singapore team is looking for a VP hire to join their Market Risk team, supporting the International Wealth Management business.

Role and responsibilities

• Responsible for the setup of adequate risk monitoring of the FX Margin trading activities.
• Responsible for the monitoring of the FX Margin Trading activities.
• Develop, review and implement methodologies covering haircut, margin requirement and netting rules within the Wealth Management Business.
• Liaise with Risk Methodology Group to design and validate proposed risk methodologies.
• Allocate haircut and margin required to eligible securities in adherence to policy and methodology.
• Provide justifications and recommendations on haircut deviation.
• To conduct regular reviews of securities granted haircut / margin required within the Wealth Management Business.
• To produce regular risk reports and ad-hoc impact analysis for management review.
• Contribute to the stress testing analysis on clients' portfolios.
• Maintain updated operational procedures within department.
• To participate and lead various risk projects including writing detailed risk requirements and performing User Acceptance Testing.

Key requirements

• Diploma /Degree in Banking/Business/Economics/Finance
• 5 7 years of relevant experience in market risk/analysis in an investment/ private bank with strong knowledge and understanding of PB business and products.
• Experience in monitoring of FX Margin Trading activities using MarginMan or similar systems with experience in Delta Margining
• Experience in LTV/Margin Methodology design/justification/validation
• Able to use Bloomberg and other banking tools.
• Advanced skills in Excel (experience with VBA would be advantageous)
• Experience in project management is a plus

Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.

Morgan McKinley Pte Ltd, EA License No: 11C5502

Lee Boon Hou (Hagen), Registration No: R1870932

hlee@morganmckinley.com