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Market Risk Associate, Credit & Rates Trading

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Job Summary

  • Singapore
  • Permanent
  • BBBH830962
  • Oct 15, 2022
  • Competitive
Job Description

Morgan McKinley is working in partnership with a Multinational Corporate Bank who are well known for their Corporate Lending and Financial Markets business in the APAC region.

The Singapore team is looking for an Associate to join their Market Risk department to support the Financial Markets business. Reporting to the director, you will be expected to monitor and analyze P&L and market risk exposure on a day-to-day basis for Rates and Structured Financing desks.

Role and responsibilities

  • Ensure timely delivery of accurate daily P&L, VaR and Risk report
  • Perform P&L attribution and Risk analysis independently
  • Ensure excesses are rectified/explained or escalated
  • Backtest the VaR and highlight/explain outliers
  • Ensure accurate booking of trades to enable efficient risk management and balance sheet valuation
  • Keep track of market developments/changes and its impact on trading strategy highlighting changes and issues to local management as well as direct discussion with Front Office personnel
  • Ensure Front Office to General Ledger reconciliation is reviewed (Balance Sheet position and P&L)
  • Preparation of monthly risk meeting for Risk and P&L discussions among Front Office, MRM and Finance
  • Perform reserves calculations and independent price testing
  • Perform Fair Value Hierarchy assessment
  • Assist in system implementations and projects on the desk as part of a squad with global alignment across the Rates asset class within Financial Markets
  • Support in one-off product and trade approval discussion and fact finding together with senior stakeholders in the business
  • Provide market risk assessment of collateral securities in banking book transactions (margin loans, etc)

Key requirements

  • 2-3 years of experience in Market Risk, preferably in Banking
  • Bachelor/Master's degree in Mathematics, Financial Engineering or another related field
  • Good MSOffice VBA knowledge, with ability to work with existing code and encode/troubleshoot simple VBA/macros, basic SQL knowledge is a plus
  • Strong analytical skills and good communication skills
  • In-depth knowledge of financial products and trading/booking systems

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


Consultant Details

Consultant Details

Hagen Lee
Hagen Lee
  • Principle Consultant | Operation & Risk