I. Purpose of the function
The function is responsible for market risk management / product control.
Responsible for :
3.For Market Data : to participate / support market data implementation / s from Market Data Committee
II. Key Responsibilities
Product Control and Risk Management
1.Ensure timely delivery of daily, weekly, monthly and quarterly profit and loss reports of Manila Branch.
2.Reconcile Product Control and Front Office daily profit and loss figures.
3.Coordinate with Operations for any issues relating to proper recoding and reporting of profit and loss.
4.Update daily mark-to-market bond prices in the bank systems and verify interest rate curves.
5.Ensure that manuals and operational procedures and workflows are kept up-to-date on an ongoing basis consistent with institutional standards and guidelines.
6.Compute monthly reserves (bid-offer, CVA and other reserves) on Front Office exposures.
7.Help out in other monthly reports such as computation of capital charge, tax base for transfer pricing income, and other requirements.
8.Ensure timely delivery of daily Market Risk Reports of Manila Branch.
9.Act as back-up for the Product Control Officer and the Market Risk Officer.
10.Ensure consistent and timely delivery of daily, monthly and quarterly validation of Market Data.
11.Coordinate with GMDB, Trading Application Support and Summit Support to help resolve market data-related issues.
12.Maintain an up-to-date market data database.
13.Carry-out a review of market data sources and assist in any required action / s as a result of the review.
14.Ensure that operational manuals, spreadsheets, system accesses are updated.