Frtb Irc Drc Sme

3 months ago


London, United Kingdom Talent Solution TAPFIN Full time

Talent Solution TAPFIN London, United KingdomPosted 2 hours ago Contract £500 - £642 per day
- FRTB SME DRC/IRC London/ Hybrid£642.16/ DayOur client are currently seeking an experienced FRTB SME to join their team in the London office/remote working. Role PurposeDRC is a key deliverable for FRTB and as such we need an expert analyst to help with the existing IRC reporting
- and infrastructure and the transition to DRC.
- The role will be within the global team responsible for running the DRC and IRC models from a Traded Risk perspective. It will involve all aspects of the team’s responsibilities from model and infrastructure development to supporting the reporting process.
- Principal Accountabilities- Ensure accurate numbers are reported and provide detailed analysis on DRC/IRC to all stakeholders across Traded Risk and Front Office.
- Develop and maintain existing infrastructure used in production and analysis of DRC/IRC.
- Support DRC onboarding project with testing and analysis.
- Monitor upstream model feeds and escalate issues to the relevant teams.
- Liaise with and support regional teams with their DRC/IRC requirements.

Customers / Stakeholders- Market Risk Management
- Traded Credit Risk Management
- Front Office Desks across all asset classes
- Regulatory & Risk Analytics (GRA)
- Independent model review (IMR)
- Traded Risk Control
- Group Risk Technology

Leadership & Teamwork- Work effectively with Traded Risk, GRA, regulatory finance and FRTB Program.
- Ensure RegionalGlobal team provides the right level of value and that they support the proposed changes
- Ensure that the stream is integrated into all relevant parts of the Group and that a collegiate approach is taken to solving issues, building businesses and achieving target returns

Operational Effectiveness & Control- Attention to detail, disciplined and focused on ensuring IRC/DRC is reported correctly.
- Implement functionality and procedures to identify and escalate operational issues.

Major Challenges- Large number of sites, organizational structures and individual markets with varying degrees of activity from highly complex to vanilla in potentially very volatile markets
- Big changes to DRC/IRC models and IT systems are being rolled out, requiring large-scale changes to MRA processes. Role holder will need to ensure their area is able to maintain controls of market risk in the face of constantly changing systems.
- Ensure that controls are maintained even under time pressure.

Role Context- The job holder will also work with other functions to establish control and governance best practices and accountability for the regulatory capital process.
- Establish strong relationships with senior stakeholders across the business, advise and provide constructive challenge to the owners of the processes such that we are compliant with the standards required for capital production.

Knowledge & Experience / Qualifications
- Experience & Skills:
- A high level of professional competence which helps to determine solutions around appropriate risk measures, risk processes, risk monitoring and management.
- Ability to form effective relationships and achieve influence at the most senior level in the organization.
- Job ID IDIBU-21608



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