About Business line/Function: Product Control is part of COCE (Client Operating Centre of Excellence), performing multiple Middle Office functions. Product Control have 6 verticals - P&L; and Valuation Controls, OTC Trade Validation, Securities Trade Validation & Documentation, OTC Documentation, Trading & Portfolio Control and Position Management. Team works very closely with Trading, Sales, Business Managers and various FtB teams like Back Office, Regional Finance and COO community
Position Purpose: Risk Control (is a distinct group within the V&RC; organization, whose main objectives are:
Perform controls over end-of-day and intraday risk limits
Ensure compliance with trader mandates
Escalate and report breaches to management
Responsibilities
Direct Responsibilities
Contribute to Risk Control framework: End-of-day Risk Limits, Intraday Risk Limits and Trader Mandates. This increasingly complex and demanding function requires ongoing participation in process execution, analyses,
and project coordination by all team members.
Ensure that daily end-of-day/intraday limits and mandate breaches are investigated, understood, promptly escalated according to the global policy and all the comments are well documented in the daily/weekly/monthly summary reports and Dashboard.
Particularly regarding the risk limits monitoring there is a need for constant dialogue and interaction with Traders, Front Office management, Risk and Operations department and IT to:
Understand the methodologies used to compute the market risks indicators in the risk systems to calculate end-of-day risk and Intraday risk limits
Identify, research and resolve limit discrepancies between the FO system and Risk system
Identify inconsistencies across risk indicators
Coordinate with other internal groups to resolve issues and post accurate market risk in the official Risk system
Ensure control exhaustiveness
For the trader Mandate