Risk Management Analyst - Project Hire for 6 Months
ING Direct
Manila
20d ago

I. Purpose of the function

The function is responsible for market risk management / product control.

Responsible for :

  • 1.For Market Risk Management and Product Control : assist in the preparation, monitoring, testing and submission of the daily, weekly and monthly and quarterly MRM and profit and loss reports of Manila Branch;
  • 2.For Market Data : to perform daily, monthly and quarterly market data validation in a timely manner;
  • 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.

    Market Data

    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.

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