Financial Risk Analyst

2 weeks ago


Dubai, Dubai, United Arab Emirates Florence International Consulting Full time

Financial Risk Analyst - Senior

Florence International Consulting requires a highly skilled Financial Risk Analyst to join their team. The ideal candidate will have a strong background in financial risk analysis and be able to provide analytical and quantitative support to senior management.

Key Responsibilities:
  1. Risk Analysis: Perform risk analysis on traded credit risk products, including but not limited to, credit derivatives, loans and bonds.
  2. Model Development: Enhance, maintain and document a model for the computation of Potential Future Exposure (PFE) and other analytics like Economic Exposure (EE), Expected Positive Exposure (EPE) using Monte Carlo simulation across interest rate, foreign exchange, commodities, equities and credit derivatives.
  3. Limit Setting: Develop methodologies for setting traded credit risk limits (pre-settlement and settlement) across derivatives and cash products.
  4. Risk Assessment: Assess the inherent market and liquidity risks in approved and proposed products.
  5. Product Authorization: Ensure that traded instruments are authorized and appropriate for customers.
  6. Daily Oversight: Daily oversight over all aspects of the traded credit risk process, spot any gaps in the monitoring process and act as the point of reference for all traded credit risk issues by liaising with credit underwriting, the businesses, treasury, legal and credit administration.
  7. Stress Testing: Scrutinize market risk conditions and perform stress testing of customer portfolios as required.
Requirements:
  1. A strong academic background in a quantitative field (preferably postgraduate level).
  2. A minimum of 7 years' banking experience working for reputable investment banks with at least 4 years in a related area.
  3. Experience in working with a variety of asset classes and types of trading products, particularly derivatives; CVA modelling experience is advantageous.
  4. Excellent programming skills across Matlab and/or C++.
  5. Good understanding of economic and regulatory capital related to counterparty risk exposure.
  6. Strong communication and project management skills.


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